Housing Crisis | It's Not a Mortgage, It's Not Renting, It's Acre, with Acre Homes CEO & Co-founder Mike Schneider

Robert McDonald is the Managing Partner at Cherry Lawn Capital, on a mission to provide businesses with the real estate capital necessary to scale and the operational capital needed for a successful next venture round. Robert joins Edward, Jeff and Zach to also discuss lessons and takeaways from the previous Proptech boom cycle, and how should founders and investors think about structuring, financing and scaling tech-enabled and data-driven Real Estate business in the post-ZIRP era.
 
(1:19) - State of Proptech VC
(9:56) - Proptech finance incentives
(14:24) - Feature: Housing Trust Silicon Valley
(15:36) - Cherry Lawn Capital's & Robert McDonald's origin story
(20:04) - Cherry Lawn solution
(31:38) - 'The Great Transition' for Proptech valuations
(36:01) - Collaboration Superpower: David F. Swensen's wiki & Paul Annacone's wiki

💚 Learn more:
➡️ Cherry Lawn Capital's site
➡️ Robert McDonald on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Matt Ellis is the CEO of Measurabl, the world’s most widely adopted ESG solution for real estate. Customers use Measurabl to measure, manage, report, and act on ESG data on more than 15 billion square feet of commercial real estate across 92 countries. Measurabl empowers customers to optimize ESG performance, assess exposure to physical climate risk, drive decarbonization, and secure sustainable finance opportunities. Matt is responsible for overall company operations, product vision and investor relations. Before founding Measurabl, Matt spent 5 years with CBRE, where he led CBRE’s Sustainability Practice Group. In this Climate Tech episode, Jeffrey Berman and Edward Cohen are joined by guest co-host Nina Mesalles, Climate Tech investor at Decarbonization Partners, a BlackRock and Temasek JV investing in next generation innovative decarbonization businesses.

(3:40) - What is Real Estate supposed to measure in ESG
(6:37) - Use cases across the Real Estate cycle
(10:12) - Feature: Housing Trust Silicon Valley
(11:24) - Players driving ESG impact
(14:33) - Impact on market behavior
(17:49) - Defining success in Real Estate Sustainability
(22:02) - Building usage impact on efficiency & certifications
(24:45) - Measurabl's Real Estate Sustainability data stack
(27:19) - Levers for Real Estate investors & operators to improve sustainability
(29:45) - Challenges to adopting energy optimization solutions
(35:20) - Climate change impact on coastal Real Estate
(37:42) - Where will Measurabl be in 5-10 years?
(40:05) - Cities & countries leading Real Estate Sustainability
(43:05) - Collaboration Superpower: Taylor Swift

💚 Learn more:
➡️ Measurabl's site
➡️ Matt Ellis on LinkedIn
➡️ Matt’s debut book From Green to ESG, available here

➡️ Nina Mesalles on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Nina Mesalles on LinkedIn
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Katharine Lau is the CEO and Co-founder of Stuf, a self storage startup delivering modern, tech-enabled storage to consumers and businesses. Stuf partners with real estate owners to monetize basements, garages, and other spaces in commercial buildings as storage, creating new cash flow opportunities for landlords while providing neighborhoods with a new amenity. Stuf was recognized by Fast Company as one of The World’s Most Innovative Companies in 2022. Previously, Kat led the supply-side business of Industrious, the nation's leading premium workplace and coworking provider, where she pioneered an industry shift to asset- and liability-light agreements with property owners.

(1:42) - Stuf origin story
(5:46) - Target markets and type of buildings suited for conversions
(10:00) - Business model & scaling CRE conversions
(11:32) - Stuf's tech stack
(15:02) - Feature: Housing Trust Silicon Valley
(16:14) - Industrious transition from asset-heavy to asset-light
(20:44) - WeWork's tumultuous office lease renegotiations
(22:34) - Future of office uses
(25:44) - Office-to-art space conversion
(27:22) - Collaboration Superpower: Marie Kondo

💚 Learn more:
➡️ Stuf's site
➡️ Katharine Lau on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Raunaq Singh is the founder & CEO of Roam, the platform for purchasing a home with an assumable, low-rate mortgage included. Prior to founding Roam, Raunaq spent a decade in various product and operations roles across Uber, Opendoor and Culdesac. He received a Bachelor's degree in Political Economy from NYU and currently resides in New York City.

(2:26) - Lessons from Opendoor & Uber
(5:01) - Roam origin story
(7:36) - Feature: Housing Trust Silicon Valley
(8:48) - Assumable mortgage mechanics
(14:55) - Roam's Business Model
(16:38) - Benefits for mortgage lenders
(18:58) - Roam's homebuyers & sellers
(21:10) - Impact of interest rates on the business
(22:10) - Roam's New Closing Guarantee
(27:54) - Housing market in 2024
(31:59) - Collaboration Superpower: FHA, VA, Zillow, Redfin

💚 Learn more:
➡️ Roam's site
➡️ Raunaq Singh on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Ryan Simonetti is the CEO and co-founder of Convene, a global hospitality company that owns and manages premium Meeting, Event & Workplace locations around the world. His unique expertise in real estate acquisitions, development, and finance has helped catapult Convene to become a pioneer in the commercial real estate industry. Ryan is also the co-founder & Chairman of Ease Capital, a digital-first commercial lending platform that combines data, technology & world-class customer support to streamline the multifamily financing process from end-to-end. Ryan has been recognized for his transformative achievements on Commercial Observer’s inaugural Power PropTech List, Real Estate Forum’s 50 Under 40 list, Inc. Magazine’s '30 Under 30', a list of America’s Most Promising Young Entrepreneurs; was named 'Top Entrepreneur' by Crain’s New York, and was a finalist in Ernst & Young’s Entrepreneur of the Year® New York Awards.

(3:00) - WeWork's bankruptcy impact on the Office industry
(8:17) - Tech vs Real Estate valuations
(11:13) - Feature: Housing Trust Silicon Valley (site)
(12:26) - Office Markets comparison
(16:44) - Convene's performance & KPI's
(18:07) - Innovative experience management
(25:11) - Office AR & VR adoption
(29:07) - Ease Capital - tech-enabled Multifamily lender
(31:52) - Collaboration Superpower: Michael Jordan

💚 Learn more:
➡️ Convene's site
➡️ Ease Capital's site
➡️ Ryan Simonetti on LinkedIn
➡️ Ryan Simonetti on X

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Ryan Frazier is the Co-founder and CEO at Arrived Homes, the Real Estate tech company that Jeff Bezos and Marc Benioff invested in to make the wealth building potential of owning rental homes & vacation rentals more accessible. Ryan and the Arrived team believe they can do that by simplifying the process, and lowering the cost to get started. With Arrived anyone can buy shares in income producing rental properties starting at just $100. Arrived takes care of all the real estate operations so that investors can sit back and collect net rental income and their share of the home's appreciation.

(2:42) - Arrived Homes origin story
(7:49) - Arrived's end-to-end platform
(9:14) - Investor returns with Arrived vs. REITs
(14:44) - Seattle's Proptech Ecosystem
(16:30) - Feature: Housing Trust Silicon Valley (site)
(17:41) - Investing in single family homes vs. Residential funds
(21:48) - Arrived's real estate investor community
(24:35) - Proptech's strategy to competing with Institutional SFR
(30:06) - Build-to-rent opportunity
(33:57) - Housing market predictions for 2024
(39:42) - Collaboration Superpower: Christina Tosi (Founder at Milk Bar - Wikipedia)

💚 Learn more:
➡️ Arrived Homes' site
➡️ Ryan Frazier on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Zach Aarons on LinkedIn
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Nick Narodny is the Founder and CEO at Aalto, a real estate marketplace that lets people buy and sell homes online. Nick previously co-founded Grovo, a microlearning company for real estate agents that was acquired by Cornerstone on Demand. Real Estate runs in the family for Nick, after being raised and inspired by his real estate agent mother and father. Aalto combines modern technology with a centralized team of licensed agents. Buyers and sellers use digital tools to lead most of the process themselves. Aalto agents provide on-demand support, review offers, and handle closing. This online model aims to provide a consistent, high quality experience while costing less to operate, so buyers and sellers save money with low fees and rebates.

(1:55) - Aalto, buy a home online
(3:38) - Nick & Aalto's origin story
(8:42) - Aalto vs. traditional broker
(17:02) - Feature: Housing Trust Silicon Valley (site)
(18:13) - NAR Lawsuit & it's ramifications for the industry
(30:38) - Predictions for buyer & seller commissions in 2024
(35:43) - Collaboration Superpower: Winston Churchill

💚 Learn more:
➡️ Aalto's site
➡️ Nick Narodny on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Ben Miller is the co-founder and CEO of Fundrise, the largest direct-to-consumer alternative asset manager in the US. Under his leadership, Fundrise has grown to over 2 million active users and over $3 billion in real estate private equity, private credit, and growth-stage venture capital. Ben also serves as Chairman of the Board of three publicly-registered investment companies and, during his 25-year career, has acquired more than $8 billion of real estate assets, including 37,000 residential units and 5 million square feet of industrial and commercial space.

(00:26) - Fundrise's journey to revolutionizing private market investing
(8:13) - Benefits of end-to-end platform experience
(12:49) - Growth-stage Venture Capital fund (Part I)
(15:43) - Real Estate investment strategy
(19:20) - Feature: Housing Trust SV (site) - Housing finance & public-private partnerships to create more equitable & affordable communities
(20:31) - AI impact on Commercial Real Estate
(28:14) - Macro trends impacting Real Estate
(29:46) - Economy outlook for 2024
(35:24) - Growth-stage Venture Capital fund (Part II)
(46:25) - Long-term vs. short-term lessons
(48:59) - Collaboration Superpower: Alexander Hamilton

💚 Learn more:
➡️ Ben Miller on Twitter
➡️ Fundrise's site
➡️ Get $50 on Fundrise by signing up here
➡️ Onward, a Fundrise podcast with Ben Miller & guests (site)

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Eliot Brown is the co-author of The Cult of We (with Maureen Farrell), a WSJ best-selling book, and winner of the Financial Times, Fortune, and NPR Best Book of the Year Awards. Eliot covers startups and venture capital for The Wall Street Journal in London. He joined the Journal in 2010, when he was hired to cover commercial real estate in the wake of the financial crisis. He previously worked at the New York Observer, where he covered economic development and local politics.

(2:10) - From The Cult of We to WeCrashed
(3:42) - Importance of the book and it's lessons
(6:18) - WeWork's board of directors & enablers
(8:02) - Valuations: Real Estate vs. Tech
(14:20) - HostAI - (site) AI-powered guest messaging & Airbnb rental software
(16:23) - Where did it all go down hill for Adam's WeWork
(19:15) - WeWork's most impactful tricks
(24:16) - Cult of the Founder & power of storytelling
(40:14) - WeWork's tech acquisitions
(43:29) - Private vs. Public market frenzy

💚 Learn more:
➡️ The Cult of We's site
➡️ Eliot Brown on X
➡️ Get The Cult of We book on Amazon
➡️ Get The Cult of We book on Bookshop

💚 Feature:
➡️ HostAI's site - AI-powered guest messaging for Airbnb hosts & boutique hotels

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Marshall Cox is a PhD in Electrical Engineering, and the Founder and CEO at Kelvin, winner of the MIT Clean energy prize, the Popular Science Innovation Award, and the Verizon Powerful Answers award. The Kelvin team has developed a system that eliminates overheating in pre-war buildings. The system, called the Cozy, is a wireless, low-cost, and easily installed retrofit that drops on top of radiators to control indoor temperatures in buildings with radiator heat. In individual installations the system can eliminate overheating and vastly improve comfort. By retrofitting whole buildings, the Cozy redistributes steam flow to heat up colder rooms faster, saving up to 40% in heating costs and yielding a potential cumulative annual savings of $7 billion over the 120 million residential and commercial radiators in the United States.

(0:22) - Why should we decarbonize buildings
(2:47) - Origin of heating tech
(3:55) - Carrots & sticks for building decarbonization
(7:17) - Kelvin origins
(9:46) - Kelvin's smart radiator covers
(11:37) - Improving operations' bottom line
(12:55) - Financing decarbonization solutions
(15:31) - Cozy's low maintenance
(17:22) - Precision in estimating building savings
(19:50) - Hybrid electrification adoption
(25:30) - Elevating living experience for renters
(26:38) - Collaboration Superpower: Jigar Shah (Director of Loan Programs in the US DoE)

💚 Learn more:
➡️ Kelvin's site
➡️ Marshall Cox on LinkedIn

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on Twitter
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on Twitter
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on Twitter

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.