Advertise on podcast: Front & Center

For long-term investors, the most important risks are oftenthe ones that are hardest to predict. As climate, geopolitical, and operational risks grow more connected, how do real estate investors separate signal from noise to price risk appropriately? This episode of the Front & Center podcast, recorded in Amsterdam, takes on that question. Senior Investment Strategist and Global Head ofSustainability Uma Moriarity is joined by Sunita Mahant, Managing Director, Risk Management and Sustainability at La Caisse, to discuss what risk foresight really means, why climate risk is investment risk, and how to approach thechallenge of quantifying it. Uma and Sunita also explore the infrastructure and community risks investors may be underestimating, the role of independent risk oversight, and why the human skills of critical thinking and judgment mattermore than ever.

This episode of the Front & Center podcast zeros in onone of the largest industrial markets in the world: Southern California. As a microcosm of the wider industrial landscape, this economically diverse market provides insight into the sector’s future. Laura Clark, CEO of Rexford Industrial, a REIT focused onindustrial real estate in infill Southern California, joins host and Senior Investment Strategist Uma Moriarity to share her observations, from where the industrial sector is in the real estate cycle to the impact of retail and supply chain shifts. Uma and Laura explore the shift from e-commerce to omnichannel retail, what tenants now want from their buildings, the role of AI and technology in the supply chain, and why the basics of real estate (location, functionality, and supply) still drive long-term value.

Coming out of REIT earnings season and a run of industryconferences, there's a lot to cover about where the REIT sector stands today. This episode of the Front & Center podcast shares some of the highlights and the implications for the near-term. Senior Investment Strategist and Global Head ofSustainability Uma Moriarity is joined by CenterSquare Listed Securities Portfolio Managers Patrick Wilson and Rob Goldstein, to break down what they're hearing straight from the CEOs and CFOs they've met with on the road. Patrick,Rob, and Uma discuss why REITs are no longer a pure interest rate proxy, the supply picture shaping industrial and life sciences recovery, the political headwinds facing data centers and what they mean for incumbents, and why REITs' capital markets advantage is becoming more pronounced in an elevated interest rate environment.

The multifamily sector has spent the last few years ridingout a supply glut, softening demand, and rising regulatory scrutiny — yet pricing hasn't fully caught up with reality. This episode of the Front & Center podcast takes a closer look at what's really happening in rental housing. Senior Investment Strategist and Global Head of Sustainability Uma Moriarity is joined by Rob Holuba, Co-Chief Investment Officer at CenterSquare, to unpack why transaction volume is down, why regulatory risk is becoming a bigger factor than many investors are pricing in, and where the best risk-adjusted opportunities still exist. Uma and Rob discuss why they believe it's a "grind to '29" for the sector, how CenterSquare is finding value through preferred equity structures, and what would need to change before it's time to take on equity risk in multifamily again.

Among the many questions surrounding the development of AI is the challenge of how we develop AI sustainably as it grows and becomes integral across all industries and our daily lives. This episode of the Front & Center podcast examines that challenge. Senior Investment Strategist and Global Head of Sustainability Uma Moriarity is joined by Christopher Wellise, Vice President of Global Sustainability at Equinix, to correct the narrative around AI development and dispel the idea that every new gigawatt of AI infrastructure is working against climate goals. From finding the balance between rapid growth and responsible resource use to the efficiency innovations emerging as a result, Uma and Christopher discuss the reality of data center development and the opportunities that exist to drive sustainable innovation.

As we celebrate America’s 250th anniversary, the Front & Center podcast takes a look at the history of the built environment in the U.S. CenterSquare Advisory Board member Joe Gyourko, MartinBucksbaum Professor of Real Estate, Finance and Business & Public Policy at Wharton, former Director of the Zell/Lurie Real Estate Center and current Nonresident Senior Fellow at the Brookings Institution and research associate at the National Bureau of Economic Research joins host and Senior Investment Strategist Uma Moriarity to examine how the cities and physical spaces we live in evolved over the long-term. Uma and Joe discuss the forces driving urban growth, including why some cities adapt and thrive while others decline, what decades of zoning restrictions have done to housing affordability, and what it might take to build the next great American city.

On this episode of Front & Center, Senior Investment Strategist and Global Head of Sustainability Uma Moriarity sits down with Liz Bell, Managing Director and Co-Head of Real Estate at Hamilton Lane, one of the world's largest private markets investment firms. Liz and Uma dissect the forces currently constraining capital flow in the private markets and dig into what the data is actually showing about real estate's liquidity position relative to other private asset classes, how capital structure is shaping the investor experience, and where the market is heading. The conversation offers a grounded, data-driven look at how capital wants to access real estate today across geography and investor type.

Earlier this month, CenterSquare welcomed Doug Carpenter to the team in the newly created role of Director, Head of Data Strategy and AI. On this episode of Front & Center, Doug joins Senior Investment Strategist and Global Head of Sustainability Uma Moriarity to talk all things data and AI.This wide-ranging conversation covers the importance of data and context as differentiators in a world in which implementing AI on its own has become table stakes, and imagines the future of real estate investing for companies that can effectively harness the power of data and AI today.

On this episode of Front & Center, Senior Investment Strategist and Global Head of Sustainability is joined by Nina Galbiati, Head of Real Estate Asset Management at Norges Bank Investment Management, to talk about the role sustainability plays in asset management. Uma and Nina discuss why sustainability is no longer a values-based statement but a genuine value-creation strategy, and how the shift away from cap rate compression has made operational excellence the primary driver of real estate returns. The discussion concludes with a candid look at the systemic risks, from insurability to energy security, that the real estate industry still isn't taking seriously enough.

In Part 2 of Front & Center’s deep dive into AI, Fotis Sotiropoulos, Executive Vice President and Provost at Penn State University returns to join host and Senior Investment Strategist Uma Moriarity. The discussion this time turns to the impact of AI on research and its potential to complement specialized expertise and accelerate our ability to tackle complex interdisciplinary problems in education, medicine, clinical care and other industries.

It’s not news that AI is challenging and changing the way welive and work across many industries. This week on the Front & Center podcast, host and Senior Investment Strategist Uma Moriarity is joined by Fotis Sotiropoulos, Executive Vice President and Provost at Penn State University, to talk about the transformation happening in Higher Education and the shifting value proposition of a university education.

Front and Center returns for a discussion of Essential Service Industrial (ESI), a niche subsector we’re watching closely. Uma Moriarity, Senior Investment Strategist and Global Head of Sustainability, sits down with three leasing experts on the front lines of ESI. Uma is joined by Cory Sposi, VP of Sales & Leasing at Commercial Properties Inc. in Phoenix; Ryan Kelly, VP & Industrial Advisor at Colliers in Indianapolis; and Trey Weghorst, SVP & Partner at Apex Industrial Real Estate Advisors in Atlanta. Together, they discuss the resilient demand drivers behind this property type, why mission-critical tenants move quickly and stay long, how constrained supply is sustaining rent growth across markets, and why the diversified tenant base of Essential Service Industrial makes it one of the most compelling stories in commercial real estate today.

On this episode of Front & Center, host and SeniorInvestment Strategist Uma Moriarity holds an inspiring conversation with CenterSquare CEO Todd Briddell on the merits of mission-driven leadership. In a world of accelerating AI capabilities, empowering employees to make decisions has become even more valuable. Todd and Uma discuss the challenges and risks inherent in AI-fueled decision-making within a bureaucratic structure, and whyit’s important to create a culture of alignment, empowerment, and trust within your organization.

Our 2026 Market Outlook Series concludes with the latest episode of Front & Center, providing an analysis of the private real estate markets in the year ahead. Co-CIO Rob Holuba joins host and Senior Investment Strategist Uma Moriarity to share his expectations for private real estate in 2026. Uma and Rob cover the state of different sectors on the “real estate clock” and how they see each sector positioned within the context of the real estate cycle. They take a deep dive into niche property types within Rental Housing, Industrial and Retail, and make a brief stop in the more operationally demanding Data Centers and Senior Housing.

Host and Senior Investment Strategist Uma Moriarity is back with Front & Center this week to talk about America’s housing affordability crisis, amid recent policy changes impacting the housing sector. She’s joined by CenterSquare Advisory Board member Joe Gyourko, Martin Bucksbaum Professor of Real Estate, Finance and Business & Public Policy at Wharton who has served as the Director of the Zell/Lurie Real Estate Center and is currently a Nonresident Senior Fellow at the Brookings Institution and a research associate at the National Bureau of Economic Research. Uma and Joe walk through the history that led us to the housing affordability problems we currently face and discuss some of the tactics that could alleviate the pressure on the housing market.