Number one for me is data center development globally but primarily in the US, where the demand is forty-five gigawatts, of which only five are under construction and permitted. I've been a real estate investor my whole life. It's about a third of my portfolio. Generally speaking, commercial, we've done some residential, but data center development is like no other sector of real estate. It is so complex. There's requirements for power, obviously, number one, it's sub six cents a kilowatt hour. You're only gonna find that with stranded nat gas, nuclear, and hydro. Everything else is too expensive. You can't link to the grid in any country. You need thousands of acres of land for a gigawatt,
Number one for me is data center development globally but primarily in the US, where the demand is forty-five gigawatts, of which only five are under construction and permitted. I've been a real estate investor my whole life. It's about a third of my portfolio. Generally speaking, commercial, we've done some residential, but data center development is like no other sector of real estate. It is so complex. There's requirements for power, obviously, number one, it's sub six cents a kilowatt hour. You're only gonna find that with stranded nat gas, nuclear, and hydro. Everything else is too expensive. You can't link to the grid in any country. You need thousands of acres of land for a gigawatt, at least two thousand or twenty-five hundred minimum. And so that's a very big area. The amount of compute power needed for AI is insatiable. So that's number one for my group. ♬ original sound - Mr. Wonderful
