Stellifi VC

Did you know Bitcoin mining centers in Texas consume enough energy to power the city of Austin (crazy, right?🤯) While mining operations consume a massive amount of energy, they can flex their consumption, unlike many other electricity customers, making them ideal demand response partners. With Texas hosting more than half of the Bitcoin mining centers in the U.S., state regulators are taking a closer look at how to work with these mining centers. Starting in February, state regulators will require these mining centers to register with the state and report their energy usage to maintain grid stability and power affordability for Texans. Learn more about the PUCT's new mandate here 👇👇 https://lnkd.in/gtAHT-cc

Brookfield Properties recently transitioned 100% of the electricity usage for ~ 40 properties in the DMV area to nuclear power. This is a brilliant move, but maybe not for the reason you’re thinking. ⬇️ Amid what feels like a nuclear renaissance, much of the focus has been on fueling high-consumption properties like data centers with nuclear energy. Other asset classes have not received as much attention, for good reason. Bisnow's recent article revealed that, behind the scenes, Brookfield has made HUGE strides by transitioning approx. 40 buildings in their DMV portfolio to 100% nuclear power. The real estate giant claims to be the first CRE company to purchase nuclear energy directly, estimating that this shift will reduce GHG emissions by over 85% - a major milestone in their initiative to transition to zero-emissions electricity by 2026. But is that why they did it? On one hand, Brookfield deserves all the praise. This move demonstrates their forward-thinking approach to energy and their ambitious emissions goals. But let’s look at it from another perspective: Office occupancy is still recovering. One way landlords can compete for high-quality tenants is by differentiating their amenities. When thousands of the largest companies have their own net-zero goals, what better “amenity” than offering office space powered by nuclear energy? The shift to nuclear power is impressive on its own. However, the strategic advantage in attracting high-quality tenants is truly genius. 💡🏢🌍 https://lnkd.in/gDvGVieR

Are developers getting more creative? It's either creativity, or the adherence to the good ol' "highest and best use" principle. Last week we posted the data on office-to-resi conversions. It turns out, the trend isn't confined to those asset classes as evidenced by Gensler's recent transformation of an old Sam's Club in suburban Minneapolis into Loffler Cos. new headquarters, allowing them to consolidate employees from five different offices into one location with lush amenities. Gensler, the world's largest architectural firm, stated that with cheaper incoming financing, changes in zoning laws and design tools, more "creative" conversions are on the horizon. https://lnkd.in/egsxsSNZ

Congrats to our friends at OTH Capital, and the Institutional Property Advisors (IPA) team on their latest acquisition. Great asset and amazing location!

Exciting news from Leni CEO, Arunabh Dastidar! Congrats to everyone at the Leni Team 🚀 

Great market-focused analysis from RealPage. Observations on the ground, and from our friends at OTH suggest strengthening occupancy in central Texas. However, with the slower season upon us, the heightened competition for residents might result in stable occupancy but softer rents. It will be interesting to see how the market trends in the coming months 👀

Office spaces are transforming - Is the era of office-to-resi conversions here? 🏢 As remote work has become more prevalent, office-to-apartment conversions have been widely discussed but face significant execution barriers. According to a recent JLL report, they’ve taken off in a meaningful way, with over 25M square feet of office inventory removed in 2024 alone. And this trend is expected to continue. The WSJ reports there are 309 projects planned or underway, with their success increasingly supported by city initiatives. https://lnkd.in/gE_dSCwZ

Great insights from the team at @ August Hill!

Don't miss the November edition! Check it out ⬇️ We cover multifamily supply/demand, M&A and IPO activity, and some of our post-election thoughts. (edited) https://lnkd.in/gb3as6Zt

Don’t miss out founder Arjun Kannan’s insightful take on why fully automating tasks with AI might not always be the best approach