2008 GFC Stories, Restructuring, View on 2024 RE Market - Michael Levy - CEO @ Crow Holdings -

Today’s episode is full of incredible career stories and deep market insights as we enter the second half of 2024.
Michael Levy is the Chief Executive Officer of Crow Holdings where he is responsible for leading and overseeing the Company’s overall business strategy and activities. The firm’s operations include real estate investment management, real estate development, renewable and traditional energy exploration, and securities management.
Before joining Crow Holdings in 2016, Michael had a longstanding career in real estate finance and investment management at Morgan Stanley. He was a member of the Firm’s Management Committee and held a number of leadership positions including COO and Head of Distribution for the Investment Management Division, Head of Traditional Asset Management, COO and CFO for Real Estate Investment Management, and co-head for Real Estate Investment Banking.
We discuss:
* Michael’s career at Morgan Stanley during the DotCom crash and GFC
* The experience working for Crow Holdings
* Analyzing the state of the market, asset classes, and looking to the future of real estate
Links:
Michael Levy on LinkedIn - / michael-levy-57033012
Crow Holdings - www.crowholdings.com/
Topics:
00:00:00 - Intro
00:01:02 - Days on Wall St.
00:03:49 - Experiences during the DotCom Crash and the GFC
00:19:17 - Advice for someone going into a restructuring
00:20:51 - The worst assets to be in during the GFC and Michael’s time with Morgan Stanley
00:29:14 - Being a man of commerce
00:30:32 - Joining Crow Holdings
00:37:10 - Texas Vs. New York
00:41:14 - Crow Holdings business units & development structures
00:52:43 - Thoughts on the market
00:56:11 - 2008 vs. 2024
00:58:16 - Interest rates
01:02:56 - Oil and Gas
01:05:15 - Office
01:13:26 Data centers
01:17:08 - MF & Industrial
01:22:45 - Acquisitions
01:24:27 - Development challenges
01:26:28 - Capital markets
01:30:58 - What are you most proud of from your time with Crow?
01:33:28 - Solar
01:36:09 - Looking at the future of RE
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[@IVCRUSH1]

I've been binge-listening to your episodes, and I have to say, this is my favorite podcast! The content is fantastic. I’d love to see David Lichtenstein or Roy Carroll as future guests-both would bring such valuable insights!

[@FORTpod]

Thank you and so glad to hear you're getting value! We'll do some research on David and Roy, thank you for the recommendations!

[@DavidJGlad]

Thanks for another awesome episode! Obviously plenty to be said about living through the GFC. Probably a mix of hindsight and some obvious opportunities back then, given so many distressed assets and most people simply not having idle cash.

[@conradsarreal5984]

Chris, great job as usual getting him to talk about his journey. He obviously thought you’d be firing off business-related questions but the personal and historical side of these high achievers are a big reason why I tune in.

[@jmoayed]

Another unbelievably informational episode.

[@jpegcashflow]

Loved the episode! When The Fort releases a new pod, I pause everything and anything I'm doing and turn it on!

[@CarlosGonzalez-hh5zw]

Amazing interview

[@WebsterRealEstate]

10/10!!

[@maea344]

Amazing content, thanks!