In this episode of Baltimore RE Full Circle, Yaakov sits down with Zeke Faham from Box Equities to unpack one of the most misunderstood—yet fastest-growing—niches in commercial real estate: middle-mile industrial. Zeke shares how Box Equities grew from a COVID-era startup to more than 7M sq. ft. across 35 properties by targeting off-market deals, capitalizing on supply-chain shifts, and buying well below replacement cost.

They dive into how industrial real estate has evolved over the past decade, why middle-mile assets create stickier tenants and wider cap-rate spreads, and how operators can position themselves in today’s market. From tariffs and political shifts to AI’s impact on logistics vs. manufacturing, Zeke breaks down how macro trends are reshaping the sector — and where the real opportunities still are.

Whether you're an investor exploring industrial, a multifamily operator looking to diversify, or someone tracking how supply chains and AI are changing real estate, this episode delivers rare insights, practical strategy, and a clear look into the future of industrial investing.

In this episode of Baltimore RE Full Circle, Yaakov sits down with Brian Casey, president of The Casey Group and one of the region’s most experienced court-appointed receivers. With more than 47 years in banking, workouts, and turnaround management, Brian pulls back the curtain on what’s really happening inside today’s distressed real estate market.

From fraudulent leases and inflated appraisals to DSCR loan failures, partner disputes, and assets collapsing under unrealistic underwriting, Brian walks through real cases he’s managing — including properties with fake units, made-up rent rolls, and multimillion-dollar valuation mistakes. They discuss why vacancy and rent-growth numbers are often misrepresented, why so many owners are struggling, and how lenders are finally cracking down after years of looking the other way.

In this episode, Yaakov sits down with Jake Gluck, founder of Fortune Capital Group, for a raw and unfiltered breakdown of today’s multifamily debt market.

Jake shares his path from starting at Eastern Union with zero industry background to becoming a top debt broker working across agency, bank, CMBS, and bridge platforms.

They dig into the real issues driving distress—including skyrocketing delinquencies, bad management, unrealistic underwriting, and the false hope of “waiting for rates to drop.” Jake explains why so many owners are now accepting massive haircuts, why third-party managers are failing, why agency lenders are digging deeper than ever, how CMBS and new debt funds are quietly saving deals that no bank will touch, and why 2025 might be the most opportunistic buying window in over a decade—if you know how to execute.