{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Climate-Ready Real Estate Investing","title":"Where Capital Is Already Moving","html":"","width":"100%","height":180,"duration":776,"description":"EPISODE DESCRIPTION While the 30-year mortgage assumption is breaking, institutional capital isn't waiting for the policy debate to resolve. It is already repositioning — at scale, with named institutions, in specific asset classes and geographies. Episode 7 of Climate-Ready Real Estate Investing tracks three market signals simultaneously: where capital is flowing (Signal 3), how valuations are bifurcating (Signal 4), and where migration is confirming the geographic thesis (Signal 10).The anchor case studies are three named institutional investors making documented allocations. Brookfield Asset Management's BGTF II: $20 billion in fund commitments, $23.5 billion including co-investments — the largest private fund dedicated to the clean energy transition ever raised, with physical-risk screening as a pre-investment requirement. Prologis: 1.3 billion square feet across 20 countries, walking away from flood-exposed coastal logistics corridors and overweighting inland intermodal hubs. Nuveen Real Estate: $142 billion in assets, Global Cities thesis anchored on stable water, stable grid, defensible insurability, and inbound migration.Five concrete shifts are now visible in the data: green premium / brown discount in cap rates, sector rotation toward inland industrial and life sciences, geographic rotation toward resilience-criteria metros, LP operator selection based on climate underwriting competency, and debt-side repricing in CMBS spread differentials. The episode closes with the forward signal: insurer capital transitioning from policyholder to principal in resilient real estate equity.Episode SummaryBrookfield, Prologis, and Nuveen are making documented, named allocations that reflect the same rotation — away from climate-exposed assets and toward climate-resilient ones — from three different institutional desks. Five concrete market shifts are now measurable in the data: cap rate compression on certified assets (25–60 bps), cap rate expansion on high-risk assets...","thumbnail_url":"https://img.transistorcdn.com/edaVSiW7TDXFb72yvtrmHy0LDmwIgx2BDQFH-qalgqw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hNmVk/NWUyYzI0MzJhN2Uz/YmQ4MTIxNmRlY2Yz/MzA2ZC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}