310: Learning How to Invest Like a Billionaire with Bob Fraser

In this episode, Jonathan sits down with Bob Fraser to explore how different real estate asset classes perform across market cycles. Bob shares what he’s seeing on the ground and why certain sectors continue to stand out despite broader market volatility.

The conversation dives into neighborhood retail, industrial real estate, and the forces shaping demand today. Bob explains how underbuilding, replacement cost, and long-term economic trends influence where he and his team focus capital.

They also discuss the critical decision between active and passive investing, helping listeners think clearly about how real estate fits into their lives, not just their portfolios.

In this episode, you will hear:

• Why neighborhood retail remains resilient against e-commerce disruption
• What’s driving long-term demand for industrial real estate
• How reshoring impacts commercial property fundamentals
• The difference between active and passive real estate investing
• How lifestyle should influence investment strategy