Episode Details

This special episode dives deep into the story of the Reichmanns, an extraordinary family that probably contributed more to the financialization of CRE than anyone else. It’s a tale of survival, grit, chutzpah, genius (on many fronts), generosity, unchecked ambition, heart-stopping leverage, and eventually, ruin. We follow the family's incredible journey from the Orthodox synagogues of prewar Beled, Hungary to the international free zone of Tangier, to the North American base in Toronto, and eventually, the apex predator of Manhattan. We discuss the tragedies that shaped the Reichmanns and their approaches to both commerce and philanthropy, the deals that set up the juggernaut in Toronto, and the characters at the heart of one of the world's richest, most powerful, and most secretive clans.
Sponsors:
1) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves!
2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors.
3) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums.

Up your CRE game:  Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link:

For feedback: Write us at podcast@thepromote.com And please rate us and write a review on Apple 🙏
For brand partnerships: Reach out to partnerships@thepromote.com

Further Reading

The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York
Towers of Debt: The Rise and Fall of the Reichmanns
Zeckendorf: The autobiograpy of the man who played a real-life game of Monopoly
Faith And Fortune
Letters from Esther #14: What Death Can Teach Us About Life