Fifth Wall’s Post

🍕 Domino's will pay customers $3 if they pick up their own pizza. What does that tell us about the future of retail? At our 2024 Climate Summit at Blueprint, we heard from leaders in the retail space: Heath Fear (Kite Realty Group), Dawn Becker (Federal Realty Investment Trust), Tamara Chernomordik (Kimco Realty Corporation), and Ofer Harduf (Fifth Wall). They spoke about how the retail asset class is doing well, but traffic patterns and consumer behavior have changed. Retailers are less often losing money trying to compete with Amazon's shipping speeds and more often encouraging customers to "click and collect," or buy online and pick up in store. On top of technology and innovation, they also spoke about how sustainability is radically changing today's shopping centers. #realestate #proptech Blueprint: The Future of Real Estate

🗞️ Fifth Wall Partner Greg Smithies spoke to Commercial Property Executive about how owner-operators can reduce their assets' energy use and save money while doing it. Some things to consider: ❄️ Start with HVAC, which is responsible for 60–80% of building energy use 🔋 Sell renewable energy generated on-site to tenants or utilities 🤖 Embrace artificial intelligence to automatically adjust HVAC and lighting #realestate #proptech

🛍️ "Everyone wants sustainability, until they have to pay for it." Tenants and consumers don't have the same net zero pledges that countries or corporations do. The average consumer wants a delightful experience that just so happens to be good for the climate, rather than inconveniencing themselves or spending more money to "go green." Tesla is a great example of a sustainable product that offered a superior experience, and others will need to follow in their footsteps in order for consumers to "go green." Thank you to panelists G.M. Nicholas Vik (Fifth Wall), Arie Barendrecht (WiredScore), Harry Tannenbaum (Mill), Elizabeth Lutz (Camden Property Trust), and Nicholas Durst (The Durst Organization). #realestate #climate Blueprint: The Future of Real Estate

🇺🇸 It's an election year. The future of federal climate policy is uncertain. We discussed what that means for real estate at our 2024 Climate Summit with Lee Hoffman (Runwise), Simon G. Brandler (Brimstone ), Robert Bernard (CBRE), and Greg Smithies (Fifth Wall). The panel's biggest takeaway: we're in a very uncertain moment, but uncertainty can be a good thing, because entrepreneurs working on solving problems right now need to be razor-focused on building solutions that people love. #realestate #climatetech Blueprint: The Future of Real Estate

☕️ Our team hosted a Climate Week NYC breakfast with Silicon Valley Bank. Panelists from Silicon Valley Bank (Jordan Kanis) and Fifth Wall (Anastasia Istratova) discussed financing urban decarbonization with Andrew Staniforth and Faysal Sohail from Fifth Wall portfolio companies Our Next Energy (ONE) and Assembly OSM. We also enjoyed a delicious, healthy breakfast catered by Daily Harvest. Shoutout to Francesca Whitehead (Fifth Wall), Maggie Wong (SVB), and everyone else who helped put the event together. #ClimateWeekNYC

🏡 More sustainable residential buildings can have reduced operational expenses, better NOI, and ultimately better building value. That is relevant for operational carbon, which is only half of the picture when discussing a building's climate impact. Buildings also have "embodied carbon," which is the emissions associated with the construction materials. Operational carbon is much easier to sell, because it's easier to put a number on. Embodied carbon, like the emissions associated with concrete and steel production, is hard to measure as an immediate value proposition. The "Reimagining Sustainable Residential Construction" panel at our 2024 Climate Summit featured Brent Landry (AMH), Andrew Staniforth (Assembly OSM), Nikki Pechet (Homebound), and Dylan Emmett (Fifth Wall). #proptech #climate #realestate Blueprint: The Future of Real Estate

🛩️ Our portfolio company Twelve raised $645 million at a valuation greater than $1 billion earlier this week. Did you know: approximately 50 billion tons of CO2 are emitted annually, and capturing and storing 10 billion tons of carbon dioxide each year by 2050 could help mitigate climate change. Direct Air Capture (DAC) is one technology focused on carbon capture. Another is Carbon Utilization, which Twelve does to make sustainable aviation fuel. They extract carbon dioxide directly from the atmosphere and transform that captured CO2 into fuel through a process they liken to industrial photosynthesis. Through this process, they can produce jet fuel with emissions as much as 90% lower than traditional jet fuels. While airlines are currently experimenting with biofuels, others believe that chemistry-based approaches used by companies like Twelve, as well as competitors like Infinium and HIF Global, could be a more viable solution. #climatetech #venturecapital

💰 Congratulations to our portfolio company Cyclic Materials on their $53 million Series B equity round, led by ArcTern Ventures. New investors in the round include BCD Capital Ventures, Hitachi Ventures, Zero Infinity Partners, Climate Investment (CI), and Microsoft's Climate Innovation Fund. Existing investors joining the round include Fifth Wall, BMW i Ventures, Energy Impact Partners, and Planetary Technologies. Cyclic is focused on bringing rare earth element production to North America, taking electronics as a feedstock which they can sell as rare earth elements to manufacturers in the United States and Europe. They will use this capital to build out rare earth recycling infrastructure in the U.S. and Europe and grow their team. 📰 Release: https://lnkd.in/enjrQPhH #venturecapital #climatetech #circulareconomy