The carry trade is dead, and capital is moving to whoever can manufacture cash flow. Takeaways from a day with more than 250 investors and operators in emerging real estate.
Private wealth has passed the institutional market, and most sponsors have no idea how to reach it. A workshop on raising from family offices and RIAs.
Construction costs and what drives them. Thesis Driven reports on skilled labor shortages and the trades pipeline, materials pricing and tariffs, design and coordination complexity, modular and prefabricated delivery as a cost lever, code and regulatory cost, financing costs inside a development budget, offshoring and procurement strategy, and the cost reductions that would restart stalled housing production.
The U.S. modular construction industry has struggled for decades without a large-scale institutional buyer. The Department of Defense may be changing that.
Prefab has failed for decades by building in one place and shipping everywhere. Microfactories flip the model — and the early economics look different.
