Real estate

Writing on real estate.

2 pieces across the Real estate cluster. Field notes, not thought leadership — back to all insights.

Real estateJul 20, 2026 · 6 min

The ESG number your asset manager can't defend

Every real estate operator produces an ESG number once a year. Almost none can defend it line by line when an investor's due-diligence team starts pulling threads. Why the number falls apart under scrutiny — and how to make it reproducible from the meter.

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Real estateJul 20, 2026 · 6 min

The retrofit ROI model that doesn't survive the building

Every retrofit decision — insulation, heat pump, solar — comes with an ROI model, and almost all of them run on regional averages. That's where retrofit money quietly dies. Why the model breaks against the actual asset, and how to build one from the meter.

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