{"podcast":{"title":"The Real Estate Espresso Podcast","slug":"the-real-estate-espresso-podcast-401176","podcast_index_feed_id":401176,"rss_url":"https://anchor.fm/s/1fa61fc/podcast/rss","website_url":"https://www.victorjm.com","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/231863/231863-1527220771901-bd3ce39f16d17.jpg","author":"Victor Menasce","episode_count":3103,"summary":"Welcome to The Real Estate Espresso Podcast, your morning shot of what's new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don't miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.","last_synced_at":"2026-07-26T14:21:02.597648+00:00","page_url":"https://stenobird.com/podcast/the-real-estate-espresso-podcast-401176"},"episode":{"title":"$429M Gone","slug":"429m-gone","published_at":"2026-06-13T00:27:21+00:00","page_url":"https://stenobird.com/podcast/the-real-estate-espresso-podcast-401176/429m-gone","show_page_url":"https://stenobird.com/podcast/the-real-estate-espresso-podcast-401176","url":"https://podcasters.spotify.com/pod/show/victorjm/episodes/429M-Gone-e3knkn5","audio_url":"https://anchor.fm/s/1fa61fc/podcast/play/121409701/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-5-13%2F93b7f1df-ecb6-4f65-810b-0da45dc6e01f.mp3","summary":"Over the past few weeks, a story has emerged from one of the largest institutional real estate investors in North America that deserves a closer look. At first glance, it appears to be a story about losses. Teachers Insurance Annuity Association's Real Estate Account has reportedly realized more than $429 million in losses from the sale of 15 properties, with 12 of those transactions closing below their original acquisition price. For many observers, that headline alone is enough to raise alarm bells. How does an institution with decades of experience, thousands of employees, and access to some of the best market intelligence in the world lose nearly half a billion dollars on real estate? But that question misses the real story. The more interesting question is why these losses are being realized now, and what those transactions tell us about the current state of the commercial real estate market. ------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1 ) iTunes: [The Real Estate Espresso Podcast]( https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613 ) Website: [ www.victorjm.com ]( http://www.victorjm.com ) LinkedIn: [Victor Menasce]( http://www.linkedin.com/in/vmenasce ) YouTube: [The Real Estate Espresso Podcast]( http://www.youtube.com/@victorjmenasce6734 ) Facebook: [ www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso) Email: [ podcast@victorjm.com ](mailto: podcast@victorjm.com ) **Y Street Capital:** Website: [ www.ystreetcapital.com ]( http://www.ystreetcapital.com ) Facebook: [ www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital) Instagram: [@ystreetcapital]( http://www.ins…","meta_description":"Over the past few weeks, a story has emerged from one of the largest institutional real estate investors in North America that deserves a closer look. At…","key_points":[],"chapters":[],"topics":[],"duration_seconds":487,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-real-estate-espresso-podcast-401176/episodes/429m-gone/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-real-estate-espresso-podcast-401176/429m-gone.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}