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Higher interest rates have contributed to a wholesale reset of valuations across the real estate market.
In 1964, a group of economists and policymakers warned the White House that a new technological revolution—what they called “cybernation”—would usher in an era of near-limitless production with progressively less need for human labor. The implication was clear: mass unemployment was not just possible, but inevitable.
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Bret Leas is a Partner and Head of Asset-Backed Finance at Apollo. He is also a member of the Board of Directors for Redding Ridge Asset Management, ATLAS SP Partners, Apollo Asset Backed Credit Company LLC, and Apollo Asset-Backed Finance Lending Company LP. Prior to joining in 2009, Bret was Director in the Credit Structuring Group at Barclays Capital. Previously, he was an associate at Weil, Gotshal & Manges LLP.
Bret graduated cum laude from the University of Maryland with a BA in History and received his JD cum laude from Georgetown University Law Center. He has been a member of the Board of Directors for the Wyoming Stock Growers Land Trust since January 2026 and previously served as Chairman of the Board of Directors for the Make-A-Wish Foundation of Metro and Western New York.
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