250: Brian Burke’s 2026 Playbook: Small-Multi Deals & What’s Next for Rates

December 9, 2025

Chris Lopez and Paul Shannon welcome investor and author Brian Burke to look back at 2025 and set the table for 2026. Brian recaps his “end the dive in 25” thesis, explains why his pivot to senior housing has outperformed, and shares what actually surprised him this year. The group digs into supply, sentiment, and rates, plus the difference between perfect and imperfect markets and why small multifamily and true needs-based real estate may offer the best risk-adjusted plays right now.

Key Takeaways

2025 recap: senior housing led commercial performance while multifamily price declines slowed but did not fully reverse
Surprise of the year: new construction deliveries in multifamily stayed elevated longer than expected, keeping pressure on rents and occupancy
Portfolio moves: Brian co-invested in his senior housing fund, added selectively to individual stocks on pullbacks, explored biotech, and is eyeing Bitcoin on deeper dips
2026 watchlist: investor sentiment in multifamily, supply tapering, and the rate story split between short-term SOFR and the stubborn 10-year
Strategy notes: in a higher-for-longer world, appreciation must come from income growth more than cap rate compression
For LPs: prioritize needs-based real estate like senior housing, medical office, and data centers; consider contrarian but expert-led office plays and inefficient small-multifamily opportunities

Disclaimer

The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

0 0 votes

Article Rating

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments

Disclaimers: The information on this website, including any graphs, charts, ratings, reviews, videos, and other visual aids, is for informational purposes only, and is not an offering of or solicitation to purchase securities or otherwise make an investment. PassivePockets is not responsible for ensuring or verifying that sponsor and/or deal information and offering materials are compliant with applicable law, including but not limited to securities laws or investment advisory regulations. PassivePockets receives compensation from sponsors in exchange for profiling sponsors and/or their sponsored deals on this website; however, such profiles and the sponsor-provided content therein shall not be construed as, and are not, endorsements, testimonials, or recommendations by PassivePockets. Any comments, views, opinions and any forecasts of future events, returns or results expressed in video content posted to this website, whether by PassivePockets, sponsors, or website users, reflect the opinions of the given author or speaker (including the personal opinions of PassivePockets employees or contractors, as applicable), are subject to change without notice, do not reflect the views of PassivePockets or its affiliates, may not reflect actual investment results, are not guarantees of future events, returns or results and are not intended to provide financial planning, investment advice, legal advice or tax advice. The accuracy, completeness or suitability of the (i) information and offering materials provided by a sponsor and (ii) the information discussed in video content posted to this website, including any comments, views, opinions, forecasts, graphs, charts, ratings, reviews, videos, and other visual aids, cannot be guaranteed, are not reviewed by PassivePockets, are provided for informational purposes only, and should not be solely relied upon in making an investment decision. No responsibility or liability is accepted or assumed by PassivePockets or any of its officers, agents or advisors as to the accuracy, sufficiency or completeness of any such video content. Investing in real estate is inherently risky and suitable only for sophisticated and qualified investors. Prospective investors should consult with their own investment advisors, financial advisors, and tax advisors, as applicable, in connection with any decision to invest. Sponsors may only offer securities through this website pursuant to Rule 506(c) under Regulation D under the Securities Act of 1933, and the sale of such securities will be strictly limited to those persons who are qualified as “accredited investors” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933. Compliance with these requirements and other applicable securities laws is the sole responsibility of each sponsor, and not PassivePockets.