Tom Steyer is again putting his money where his mouth is.
The 2020 presidential candidate, climate evangelist and California political bankroller launched a new real estate “investment strategy” this month under the umbrella of his investment firm, Galvanize Climate Solutions.
He’s planning to buy and retrofit multifamily housing, industrial buildings, student housing and self storage units, and has hired Goldman Sachs real estate veteran Joe Sumberg to oversee the strategy.
This interview has been edited for length and clarity.
You’re in San Francisco, where the downtown is not doing great. Is this a good time to get into commercial real estate?
We’re going to be doing real estate, but that doesn’t mean we’re going to be doing office buildings. That could include multifamily. That can include student housing, that can include industrial.