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The Best Ever CRE Show
The Best Ever CRE Show

Best of 2025 Replay: Main Street Capitalism, Industrial CRE, and the End of Fake Equity ft. Russell Gray

01 January 2026 1:16:13 Joe Fairless

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About this episode

*Previously aired episode* Pascal Wagner interviews Russell Gray, the long-time co-host of the Real Estate Guys Radio Show and a seasoned LP investor. Russell dives deep into the critical role macroeconomics plays in investment success, sharing his personal crash-and-burn story from the 2008 mortgage crisis and the economic warning signs he missed. He breaks down the shift from Wall Street to Main Street capitalism, the flaws of financialized markets, and the need to value investments based on real income. He also outlines practical strategies LPs can use to evaluate deals through macro, demographic, and geographic lenses, and advocates for a return to real asset investing and productive capitalism.


Russell Gray

  • Founder and Host
  • Based in: Phoenix, Arizona
  • Say hi to them at
  • ⁠www.RussellGray.com⁠
  • ⁠www.linkedin.com/in/russellwgray/⁠
  • ⁠x.com/RussWGray⁠




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Podcast production done by⁠ ⁠Outlier Audio⁠

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