{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Commercial Real Estate Investment Conference Podcast (CREIC)","title":"Two Trillion Dollars: Housing vs. Infrastructure","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/78e0cf04\"></iframe>","width":"100%","height":180,"duration":297,"description":"Two trillion dollars reshaping real estate in 2026. First: 90,300 office-to-residential conversions in the pipeline, a 28% increase year-over-year. Conversion costs $250-275k per unit, but acquisition discounts plus layered incentives (tax credits, abatements, TIF, grants) make the economics work. Federal 20% conversion credit in Congress could unlock a supercycle. Second: hyperscalers deploying $600-725 billion on AI infrastructure in 2026 alone, with Goldman projecting $7.6 trillion through 2031. Power is the constraint, not land. 30-50% of planned 2026 US AI data centers already delayed or canceled due to grid constraints. A 1 gigawatt facility generates $14 billion in annual infrastructure rental revenue. Two massive capital flows. Two different operator playbooks. Housing in downtown cores. Infrastructure where power is available. The operators who understand these flows are positioning now.","thumbnail_url":"https://img.transistorcdn.com/PkdcFoklt6Pt1rv3cF5LhC5NMbLiO82QPyaLOkUVqc8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9lOTZm/YmE3MTkwMDcyMGI2/ZTZiOGE3MmYzZThk/ZjE3Ni5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}