Field Notes

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…
ChatGPT Image Feb 13, 2026, 09_08_18 AM

Founder Dependency Risk in Long-Cycle Real Estate Development

Founder Dependency Risk in Long-Cycle Real Estate Development Introduction: The Organizational Risk Behind Many Development Firms Real estate development companies are often built around founders. A founder identifies opportunities. They secure land. They negotiate financing. They manage project teams. In the early stages of a development firm, this structure can…