Month: February 2026

Sustainable development

Sustainable Development Is a Long-Duration Asset Class — Why Tyson Dirksen Believes It Demands Generational Capital

Sustainable development does more than enhance a building’s technical performance. It fundamentally changes the timeline of value creation. And that shift is frequently misunderstood — and mispriced — by capital markets. The International Energy Agency reports that the built environment accounts for nearly 40% of global energy-related carbon emissions. That…
Untitled design (27)

Capital Rarely Fails Because the Vision Was Wrong

Capital Rarely Fails Because the Vision Was Wrong In long-cycle development, impairment rarely begins with bad underwriting. It begins with time — or more precisely, the assumption that time will cooperate. Resorts. Entitlement-heavy mixed-use. Infrastructure-dependent infill. These are not transactions. They are multi-year capital programs exposed to regulatory cycles, absorption…