Turbine Capital Private Podcast

The silver tsunami is no longer theoretical. It’s here.

Tait Duryea sits down with John LaHood to unpack why senior living may be one of the most compelling asset classes of the next decade. With occupancy surpassing pre-pandemic highs and development lagging far behind demand, the supply-demand imbalance is accelerating fast.

They discuss:

In this month’s Hangar Talk, Tait and the Turbine Capital team share what’s been happening behind the scenes and where we’re headed next: a new CRM backbone, added in-house expertise, and fresh opportunities across real estate, credit, and energy.

In this episode:

Tait Duryea and the Turbine Capital team welcome W. Schreiner Parker of Rystad Energy for a grounded, data-driven look at Venezuela, global oil supply, and what energy investors should actually be paying attention to. This episode cuts through media hype to explain why Venezuela’s production recovery is far slower and more capital-intensive than headlines suggest, how OPEC and geopolitics really influence pricing, and why oil and gas remain a long-term allocation rather than a short-term trade. A must-listen for pilots and high-income investors navigating volatility with perspective.

Show notes:

Tait Duryea sits down with Ben Fraser and Dan Schulte of Aspen Funds to unpack why industrial real estate is entering a new growth cycle driven by reshoring, supply chain risk, and shifting global trade. They explain how the Industrial Growth Fund targets raw land along the I-35 corridor, capturing value through entitlements, development, and strategic exits. From Kansas City’s “Golden Triangle” to Wichita’s industrial resurgence, this episode breaks down why smaller, flexible facilities are outperforming mega-warehouses and how investors can participate earlier in the value creation process.

Show notes:
(00:00) Industrial Growth Fund Overview
(03...

Tait Duryea and the Turbine Capital team host a timely Hangar Talk focused on the Iron Horse Energy Fund as the funding deadline approaches. They break down current asset acquisitions, targeted 2025 tax benefits, funding flexibility, and how oil and gas pricing impacts performance. The conversation also covers IRA reporting, Roth conversion strategies, and why this fund structure offers flexibility unmatched by traditional real estate deals. The episode closes with a look ahead at 2026 opportunities, including industrial real estate, oil and gas, and upcoming investor events.

Show notes:

(00:06) Iron Horse fund deadline overview
(01:23) 21 assets and 86...

Tait Duryea connects with Ellis Hammond from Aspen Funds to break down how private credit works and why it has become one of the most compelling strategies in today’s market. They walk through fund structure, deal selection, capital stack positioning, and how private credit can generate steady returns with less volatility than traditional equity investments. You’ll also hear how macroeconomic shifts, tighter bank lending, and disciplined underwriting have created unique opportunities for investors seeking consistency, diversification, and tax efficiency.

Ellis Hammond is the Vice President of Capital at Aspen Funds, where he oversees capital development and...

Tait Duryea hosts a wide-ranging Hangar Talk covering investor updates, Iron Horse performance, and how Turbine Capital is positioning capital heading into the next market cycle. He explains recent returns from Iron Horse, clarifies fiduciary responsibility, and outlines why natural gas may be the smartest way to participate in AI-driven demand without taking data center risk. The conversation also explores self-storage, industrial real estate, bonus depreciation, and why the next 12–18 months could present a prime buying window for disciplined investors.

Show notes:
(00:26) Iron Horse sale and investor returns
(01:09) Updating tax addresses and K-1 prep
(03:11) Fi...

Tait Duryea hosts a live Hangar Talk with Mike Peterson from Reef Capital Partners to answer investor questions directly from the source. The conversation covers how Reef reports performance, how quarterly distributions work, and why early cash flow may be lower due to depreciation and tax credits. They break down K-1 taxation, SDIRA and UBIT considerations, reinvestment strategy, and when investors can expect return of capital. Mike also shares insight into future Reef developments, including golf-focused resort communities and the long-term portfolio vision driving equity growth.

Show notes:
(02:40) Reporting and quarterly updates explained
(04:18) How Reef...

We are thrilled to announce the opening of our Iron Horse Energy Fund, a $100M domestic drilling program offering accredited investors access to high-quality wells alongside major operators like EOG, ConocoPhillips, and Continental. Founder Tait Duryea, joined by Courtney (Iron Horse Energy), Mark Fleming (30-year oil & gas veteran), and CPA Nathan Sosa, break down the macro case for fossil fuels, fund structure, tax benefits, and risk management. Discover how the team built a diversified portfolio across top U.S. basins with low breakeven prices, strong downside resilience, and powerful 2025 tax advantages.

View on Vimeo: https://vimeo.com/1123795259 

What’s the smartest way to position yourself in today’s real estate market? 

Tait Duryea and Hunter Thompson dissect the capital stack and explain how investors can use private debt, common equity, and preferred equity to balance risk and reward. They reveal why banks hold the safest seat at the table, how leverage amplifies returns, and why PREF equity is gaining traction in today’s market. Plus, they discuss how inflation reshapes wealth strategies, the role of depreciation, and how to think like a sophisticated investor.

To learn more about the Azara Tempe investment opportu...

What does it really take to grow wealth as a high-income professional? 

In this Hangar Talk, the team shares updates on the upcoming Investor Weekend in Colorado, including property tours, golf at Four Mile Ranch, and fireside conversations with oil and gas advisor Mark Fleming. You’ll also learn about the “buddy bidding” program, self-directed retirement accounts, tax strategies like Roth chunking, and how bonus depreciation offsets capital gains; the so-called “lazy man’s 1031.” Finally, the group breaks down the Iron Horse Fund, its tax advantages, risk protections, and long-term potential in oil and gas.

To learn more...

Join Turbine Capital CEO Tait Duryea and Asym Capital founder Hunter Thompson as they sit down on-site at Azara Tempe. In this 15-minute conversation, Hunter shares why Phoenix remains one of the strongest multifamily markets in the U.S., how today’s challenges are more about financing than fundamentals, and why this property’s location, basis, and conservative debt structure make it a compelling opportunity for investors.

To learn more about the Azara Tempe investment opportunity or to submit a commitment, please visit the deal room.

Show notes:
(0:00) Intro
(0:52) Multifamily as real estate’s bread...

In this episode, we hosted a Live Q&A Forum for Azara Tempe, giving investors the opportunity to ask questions, discuss the business plan, review underwriting, explore different share classes, understand the location, and hear more of the backstory behind this multifamily investment opportunity.

To reserve your spot or discover more about Azara Tempe, please visit the deal room.

Show notes:
(0:00) Intro
(03:00) Phoenix market distress creates opportunity
(07:30) Why Tempe location stands out today
(12:00) Falling knife or perfect timing?
(19:00) Lease rollovers and occupancy strength
(24:00) Cap rates, conservatism, and underwriting
(29:00...

In this episode, we share the full investor webinar for Azara Tempe, a 56-unit multifamily community in the premier North Tempe submarket of Phoenix, Arizona. The Turbine Capital and Asym Capital teams walk through the opportunity, business plan, and share classes available to investors.

For more information or to submit a commitment, please visit the Azara Tempe Deal Room.

Show notes:
(0:00) Intro
(2:06) Why Asym pivoted to Phoenix multifamily
(5:08) Deal overview and investment highlights
(7:03) Location, location, location: North Tempe advantage
(10:19) Property features and unit mix
(13:35) Sponsorship...

Tait Duryea hosts Turbine Capital’s 2025 Annual Shareholder Event, reflecting on the firm’s most successful year to date. With Brittney Atiburcio and guest advisor Mark Fleming, the team shares company growth, portfolio performance across 30 active deals, and insights into today’s economic reset. They also share updates on multifamily, industrial, and energy opportunities, plus news on an executive order that could open 401k access to private equity. Discover why Turbine is doubling down on oil and gas, how Buddy Bidding expands access, and what to expect from upcoming offerings.

Show notes:
(0:00) Intro
(3:29) Meet the Turbin...

Tait Duryea and the Turbine Capital team break down key investor updates, starting with the fast-approaching August 15th subscription deadline for the Houston storage deal. Hear about Azara Tempe, a 56-unit multifamily near ASU with strong occupancy, solid returns, and significant depreciation benefits. Then meet Mark Fleming, Turbine Capital’s new oil and gas advisor, as he outlines the reduced risk, upfront cash flow, and 80–85% W-2 tax benefits of the upcoming 2025 Oil & Gas Fund. 

Mark Fleming is a petroleum engineer with over 20 years of experience at Chevron, Hess, and in the financial sector evaluating oil and gas portf...

Tait Duryea welcomes Nathan Sosa for the first guest appearance of the Hangar Talk series to break down one of the most powerful and misunderstood tax advantages available to high-income earners: oil and gas investing. They unpack how working interests can offset W-2 income, why structure matters, and how the upcoming Iron Horse Energy Fund is designed to maximize benefits while managing risk. You’ll hear how diversification across 100+ wells, partnerships with top-tier operators, and smart fund structuring can deliver both strong cash flow and extraordinary tax efficiency. 

Nathan Sosa, Manager of National Tax at Hall CPA, adv...

What do “7% preferred return” and “70/30 split” actually mean for your investment? 

In this Hangar Talk episode, Tait Duryea breaks down how cashflow and waterfalls work in GP-LP real estate deals. Using relatable rental property examples, he explains preferred returns, equity multiples, liquidity events, capital account reductions, and the tax treatment of distributions. You’ll learn how GP–LP structures align incentives, when projections hold up (and when they don’t), and how refinancing can return your capital while keeping you in the deal. 

Show notes:
(0:00) Intro
(01:21) Year-one cashflow on $100K investment
(02:29) Deals that pay monthly...