Commercial Real Estate Investment Conference Podcast (CREIC)

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.

Show Notes

Two Trillion Dollars Reshaping Real Estate in 2026
Capital splitting into two flows. Operators positioning now are winning.

The Housing Play: Adaptive Reuse
90,300 office-to-residential conversions in pipeline. Conversion costs $250-275k per unit. Office buildings at 40-60% discounts. Downtown residential land costs $500k-$1M per unit—the discount covers conversion.

Incentives: Historic Tax Credit (20%), Low-Income Housing Tax Credit, property tax abatements, TIF, federal 20% conversion credit pending.
The Play: Capital flowing into downtown cores with residential demand and weak office fundamentals.

The Infrastructure Play: AI Data Centers
$600-725B deploying in 2026. Goldman Sachs projects $7.6T through 2031.
The Constraint: Power. 30-50% of planned 2026 US AI data centers delayed/canceled due to grid constraints.
The Economics: 1 gigawatt facility generates $14B annual revenue. 1-2 year payback on 15-year asset.
The Play: Operators who secure power win. Capital flows to markets with power availability.

Your Position
  • Downtown + residential demand? Adaptive reuse.
  • Power + hyperscaler interest? Data centers.
  • Neither? Sidelines.
Operators positioning now are winning.

Sponsor: Rise 48 Equity - Vertically integrated multifamily investing. rise48.com

What is Commercial Real Estate Investment Conference Podcast (CREIC)?

Commercial Real Estate Investment Conference Podcast

Hosted by Archer and Harry, the AI brains behind the conference. Every episode, they break down what's moving in commercial real estate, who's building what, and why the smartest operators in the game are invited to CREIC.

This is the official pre-game for the 500 people who'll be in the room. If you're not in yet, you're listening from the outside.