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Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)

Capital Allocators – Inside the Institutional Investment Industry

Release Date: 07/30/2026

Best of Habit Formation: James Clear show art Best of Habit Formation: James Clear

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series concludes with a two-fer on habits. There may be no better way to improve the investment process than to understand what it takes to improve ourselves.  We’ve got two of the best – James Clear and Katy Milkman, experts and authors of wildly bestselling books Atomic Habits and How to Change. Please enjoy my conversations with James Clear and Katy Milkman, both from 2021. We hope you’ve enjoyed this summer exploration in improving the investment process with some of the best conversations over the last nine years. Learn more about . Try by Admired...

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Best of Habit Formation: Katy Milkman show art Best of Habit Formation: Katy Milkman

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series concludes with a two-fer on habits. There may be no better way to improve the investment process than to understand what it takes to improve ourselves.  We’ve got two of the best – James Clear and Katy Milkman, experts and authors of wildly bestselling books Atomic Habits and How to Change. Please enjoy my conversations with James Clear and Katy Milkman, both from 2021. We hope you’ve enjoyed this summer exploration in improving the investment process with some of the best conversations over the last nine years. Learn more about . Try by Admired...

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SPECIAL ANNOUNCEMENT: Capital Allocators University Online show art SPECIAL ANNOUNCEMENT: Capital Allocators University Online

Capital Allocators – Inside the Institutional Investment Industry

We’re excited to share something we've been working on for a while: we're bringing Capital Allocators University online. For years, CAU has been an in-person, once-a-year cohort of 25 or 30 professionals, built around a set of disciplines that matter enormously for investors and investor relations professionals but rarely get taught explicitly. We put together a brief conversation to share more on what the course covers, who it's for, what we learned from the past five years, and why we decided to move it online. . We look forward to welcoming you as a member. Special thanks to our...

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Best of Negotiations: Chris Voss show art Best of Negotiations: Chris Voss

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations.  The second is with Yale professor Daylian Cain, who opened my eyes to the importance of walking away. Learn more about . Try  by Admired Leadership. Learn More Follow Ted on Twitter at  or  Subscribe to the  Access Transcript with  Editing and...

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Best of Negotiations: Daylian Cain show art Best of Negotiations: Daylian Cain

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations.  The second is with Yale professor Daylian Cain, who opened my eyes to the importance of walking away. Learn more about . Try by Admired Leadership. Learn More Follow Ted on Twitter at  or  Subscribe to the  Access Transcript with  Editing and post-production work for...

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Best of Storytelling: Matthew Dicks show art Best of Storytelling: Matthew Dicks

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series is a two-fer on the essential skill of storytelling. Whether pitching an investment fund to a prospect, an idea to a portfolio manager or CIO, or a request of a family member, storytelling helps you get what you want. To help understand the art and science of storytelling, Matt Dicks – a retired middle school teacher and author of the best-seller Storyworthy, and Don Miller – creator of Storybrand, a business started with his book of the same name – describe how to improve your storytelling ability. Learn more...

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Best of Storytelling: Donald Miller show art Best of Storytelling: Donald Miller

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series is a two-fer on the essential skill of storytelling. Whether pitching an investment fund to a prospect, an idea to a portfolio manager or CIO, or a request of a family member, storytelling helps you get what you want. To help understand the art and science of storytelling, Matt Dicks – a retired middle school teacher and author of the best-seller Storyworthy, and Don Miller – creator of Storybrand, a business started with his book of the same name – describe how to improve your storytelling ability. Learn more...

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Best of Pre-Mortem Analysis: Gary Klein show art Best of Pre-Mortem Analysis: Gary Klein

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series covers the pre-mortem analysis with its founder, Gary Klein. Gary discovered pre-mortems while working with fighter pilots and wrote a white paper applying the tool to investment analysis alongside Paul Johnson and Paul Sonkin. Please enjoy this discussion of the proper use of pre-mortem analysis with Gary, Paul, and Paul from 2019. Learn more about Capital Allocators University: https://www.capitalallocators.com/capital-allocators-university/ Try ALEX by Admired Leadership: Learn More Follow Ted on Twitter at  or  Subscribe to the  Access...

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Best of Interviewing: Ted Seides show art Best of Interviewing: Ted Seides

Capital Allocators – Inside the Institutional Investment Industry

This week’s Summer Series is a highly atypical episode, where I appear as the guest.  Matt Breitfelder from Apollo asked to interview me about interviewing, something I learned far more from hosting the show the last nine years than I ever did while interviewing managers for 20. The conversation has been sufficiently popular that it made the Summer Series on investment process. Any leader should see for themselves the benefits of elite coaching. Try ALEX: . Learn More Follow Ted on Twitter at  or  Subscribe to the  Access Transcript...

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WTT: The Anatomy of a Blow-Up show art WTT: The Anatomy of a Blow-Up

Capital Allocators – Inside the Institutional Investment Industry

This What Ted's Thinking brings Situational Awareness to the underlying causes of hedge fund disasters.   Read Ted’s blog    Editing and post-production work for this episode was provided by The Podcast Consultant ()

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Lauren Hochfelder is Head of Global Real Assets at Morgan Stanley, where she oversees a team of 300 investment professionals across 13 countries, managing $80 billion across real estate, infrastructure, equity and credit. Lauren joined Morgan Stanley as an investment banking analyst directly out of Yale 26 years ago and has spent her entire career at the firm, helping build one of the industry's leading platforms.

 

Our conversation traces Lauren's journey from analyst to Global Head and the evolution of Morgan Stanley's real estate business before, during, and after the Global Financial Crisis. We cover the firm’s thematic approach to investing behind structural demand tailwinds, combination of global perspectives and on-the-ground teams, operational improvements to assets, portfolio construction, and themes across industrial real estate and infrastructure, senior housing, and net lease properties. We also touch on riskier areas of real estate and Lauren’s new role adding infrastructure to her real estate oversight.

 

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Follow Ted on Twitter at @tseides or LinkedIn
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Access Transcript with Premium Membership

 

Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)