Episode 1: Nick Rosenthal. Griffin Capital. Multi-Family, QOZ and the Outlook for Private Capital

Join Griffin Capital Co-CEO Nick Rosenthal for a clear, no-spin look at private capital in rental housing—multifamily, build-to-rent, and Qualified Opportunity Zones. We unpack where supply/demand is headed into 2026–27, how QOZs drive tax deferral and real impact, and what RIAs/family offices need from product structure and distribution. Expect practical takeaways on market selection, partnerships, and solving client problems with tax-efficient strategies.

Key Topics

Nick traces the market setup from heavy 2025 deliveries to a sharp drop in starts and why that matters for pricing and absorption. He also breaks down QOZ mechanics, the “retailization” of private markets, and partner diligence for programmatic development. Other topics include:

Build-to-rent economics and when the thesis pencils

Policy & permanence for Opportunity Zones (and gentrification concerns)

Distribution realities: shelf space, diligence, platform connectivity

Market selection: high-growth “eds & meds,” transit, rent vs. own gaps

Advisor use cases: QOZs vs. 1031s for tax alpha and diversification

What You’ll Learn Listeners will come away with a deeper understanding of:

Why today’s collapse in new starts sets up late-’26/’27 tailwinds

How Qualified Opportunity Zones deliver tax deferral + diversification while adding supply

A practical framework for build-to-rent underwriting and partner selection

How RIAs and family offices evaluate product structure, liquidity, and operations in the wealth channel

Co-CEO of Griffin Capital Nick Rosenthal shares his career path and talks Multi-family, QOZ and more in this far-reaching discussion with Asset Class CEO & Founder, Ferdinand Roberts.

Links mentioned in this podcast:

https://www.assetclass.com/

https://www.griffincapital.com/

LinkedIn for Nick Rosenthal https://www.linkedin.com/in/nirosenthal/ LinkedIn for Ferdinand Roberts: https://www.linkedin.com/in/ferdiroberts/ Producers: Sam Roberts, Des McGouran