{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets","title":"Clarion Partners’ Josh Pristaw - an industrious approach to real estate investing","html":"","width":"100%","height":180,"duration":2594,"description":"Welcome back to the Alt Goes Mainstream podcast.\nToday’s podcast dives into the world of real estate with one of the industry’s largest managers and investors in industrial real estate.\nWe sat down in Franklin Templeton’s New York City office with real estate veteran Josh Pristaw, Managing Director, President of Clarion Partners, a $73.3B AUM real estate investment firm within Franklin Templeton’s alternatives platform.\nJosh discussed data and durable demographics, which are drivers of the deeply researched investment process that his team at Clarion employs to invest in industrial real estate.\nJosh’s background, which spans developing shopping centers to investing in real estate in Brazil to running one of the industry’s leading single-family rental investing platforms at Pretium, has helped him lead Clarion, one of the industry’s largest industrial real estate investment platforms.\nJosh and I had a fascinating conversation, connecting data and demographics to actionable insights in real estate investing. We covered:\nThe durable demographic and secular trends driving Clarion’s investment strategy in healthcare real estate.\nHow 10,000 people turning 80 years old in the US daily is creating an “aging in place” dynamic that is impacting housing supply and self-storage demand.\nWhy industrial demand is tied to e-commerce growth.\nHow Clarion takes a quantitative approach to real estate investing, evaluating sub-markets using recursive factor analysis.\nHow diversification and liquidity drive Clarion’s open-ended fund strategy, with 95% of the firm’s $73.3B in AUM residing in open-ended funds.\nWhy data centers pose liquidity, capex, valuation, and concentration challenges for open-ended fund vehicles.\nBio\nJosh Pristaw, equity owner and Managing Director, is President of Clarion Partners. He is a member of the Firm’s Executive Board, Investment Committee, and the Board of Directors for Clarion Partners Holdings, LLC. He joins Clarion from Pretium, where he served as...","thumbnail_url":"https://img.transistorcdn.com/AFAZ1vkAT92lFJtqt-r0HeFQ55KTdcbJHmgKXaMlAtY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzE5MDA4LzE2MTQ1/Mzk1MDUtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}