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In this episode of the Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk welcome Dean Orrico, President and CEO of Middlefield Group, for a deep dive into REITs and real estate investing. Dean unpacks the effects of tariffs, the NAV discount debate, and shifting trends across retail and multifamily sectors. Drawing on over 25 years of experience in asset management, he provides sharp insights into evaluating REITs, understanding market volatility, and the strategic nuances of public versus private real estate investment.
What you will learn:
- How tariffs are impacting different real estate sectors
- Why Canadian REITs are trading at significant discounts to NAV
- The transformation of retail real estate following Hudson’s Bay’s closure
- Why multifamily REITs remain resilient despite recent rent softening
- How to evaluate REIT investments through key metrics
- Why geographic diversification in REIT portfolios matters
- The advantages and disadvantages of public vs. private real estate investment
- How changes in forbearance policies are affecting real estate lending
Dean Orrico is President and CEO of Middlefield International Limited, where he oversees the creation and management of the firm’s investment funds. With over 25 years of experience in financial services, Dean joined Middlefield in 1996 following his role as an account officer at Toronto Dominion Bank. He is a registered portfolio manager, holds an MBA from the Schulich School of Business at York University, and earned his B.Comm from the Rotman School of Management at the University of Toronto.
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