Brandon Sedloff sits down with Dan Carr and Peter Weiss, co-founders of Alpaca Real Estate, for a live conversation recorded at their annual Aspen Real Estate Summit. The two met as analysts at JP Morgan in 2011 and spent a decade building expertise at major institutions before launching their own opportunistic real estate private equity fund in late 2022. What sets Alpaca apart is their commitment to building a technology-first culture from inception, treating their data infrastructure and tech stack as foundational to the investment process rather than an afterthought.

They discuss:

• Why timing mattered when they saw the Fed's rate increases creating a repricing moment in commercial real estate
• How they built a seven-stage deal pipeline with 1,000 transactions cataloged in a proprietary data lake before deploying agentic AI
• Their focus on tailwind asset classes like build-to-rent townhomes and infill industrial, where structural demand drives conviction
• The cultural challenge of technology adoption and why organic buy-in matters more than mandates
• Forward purchase structures that shift construction risk to homebuilders while controlling land upfront

This episode offers a practical look at what it takes to launch and scale an investment platform built on data discipline and institutional-grade operations in a shifting market.