Real Estate

The ex-presidential candidate getting into sustainable real estate

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.

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Why You Want To Assume A few Sustainable Residence

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The mortgage company is seeking to recoup the money lent. When the home is foreclosed as a result of lack of cost, the lender doesn’t take into consideration the method as completed. On the contrary, the asset is recognized as priceless once it truly is auctioned and sold. As a way to …

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