Proptech Co-Founder's Uncertain Future
This is a America news story, published by TechCrunch, that relates primarily to Wallace news.
America news
For more America news, you can click here:
more America newsWallace news
For more Wallace news, you can click here:
more Wallace newstech startups news
For more tech startups news, you can click here:
more tech startups newsTechCrunch news
For more news from TechCrunch, you can click here:
more news from TechCrunchAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech startups news, you might also like this article about
Fifth Wall Ventures. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Fifth Wall news, old proptech venture firm news, tech startups news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Fifth Wall portfolio companyTechCrunch
•Technology
Technology
As demand for data centers soars, real estate companies look to become energy developers | TechCrunch
75% Informative
Brendan Wallace is the co-founder of Fifth Wall Ventures , a nine-year-old proptech venture firm with $3.2 billion in assets under management.
Wallace sees a huge opportunity to help Fifth Wall's limited partners seize on the tech industry’s demand for data centers and the energy required to fuel them.
Wallace : "This will be a moment of rebuilding and reimagination for one of America 's greatest cities".
Wallace : Wildfires in Southern California are unlikely to change the way real estate is valued in these high-risk areas.
He says new construction will drive up replacement cost for homes.
Wallace : Proptech sector has seen fewer deals in recent years , but spring has sprung for prop tech industry.
Data centers have probably been for the past two years the hottest asset class in the real estate industry.
Data center is so energy intensive, the local utility won't allow you to plug in that grid.
That’s forcing real estate to say, We have to be in the energy business ourselves.
VR Score
74
Informative language
71
Neutral language
25
Article tone
informal
Language
English
Language complexity
42
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
Source diversity
6
Affiliate links
no affiliate links