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Ben Dimson
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Sep 18, 2026
322. Capturing value in real estate’s new terrain
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29:31Sean BrownHOST
So Ben, maybe you could talk us through the investment focus that you're seeing there right now.

Ben DimsonGUEST
Uh, I think as, as Trip touched on, we have had, in general, a big rise in focus in alternatives, and out of all of them, it is data centers that has had the most demand and, and where the returns are sort of being, being driven hard.

Ben DimsonGUEST
One of the things that is particularly interesting though is where we're seeing the capital coming from, and you're seeing a lot of competition coming in from infrastructure and real estate, often for the same assets.

Ben DimsonGUEST
And so that creates an interesting dynamic because they may value the same asset in a different way, and they may wish to play that asset also in a different way in terms of how they invest in the theme.

Ben DimsonGUEST
What is clear is there is massive growth in demand, uh, and it's actually pretty hard to keep up with that growth in demand when you look at the availability of, uh, powered land in particular, because these connections are often taking three to five years.

Ben DimsonGUEST
And in some countries and cities, they're even sort of seven, eight, ten year lead time.
7 MINS LATER
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37:58Sean BrownHOST
Uh, do you have any examples of where this at scale AI value creation is happening right now beyond those earlier experiments and, and what's distinguishing the winners?