A two-day interactive workshop designed for real estate investors, developers, and capital allocators who want to understand, and invest in, the data center asset class.
Over two 90-minute live sessions, you’ll learn how the data center ecosystem works, explore live underwriting case studies, and walk away with practical tools to evaluate, structure, and invest in data center deals.
Daniel is one of the leading data center developers and investors in the U.S. At Legacy, he leads the development of next-generation infrastructure, from e-commerce warehouses to data centers built for the age of AI. With a career that bridges technology and real estate, Daniel is known for transforming spaces into high-performance, design-driven environments.
Contact the host →You’ll learn how to
Understand the data center market
What it is, what’s driving demand, and where opportunities exist
Evaluate site fundamentals
Power, fiber, and land constraints that drive value
Compare project types
Ground-up, conversions, co-location, hyperscale, and edge facilities
Analyze tenants and leases
How data center revenue models differ from traditional real estate
Underwrite data center investments
Ground-up and conversion projects using real models
Structure capital stacks
How institutional investors and developers partner on these deals
You’ll leave with actionable insight into how to invest in data centers–how they work, where the money is made, and what separates winning projects from the rest.
Day One: The Macro Playbook & How Data Centers Work
Tuesday, September 1 · 12:00-1:30 PM ET
The First Asset Class Built for Machines, Not Humans
How data centers differ from traditional property types, and why they’re now central to the built environment.
What’s Driving Demand
AI, cloud migration, and enterprise computing are reshaping global power demand. Understand where growth is coming from, and what markets are next.
Powered Land and Site Selection
How power access, fiber connectivity, cooling, and zoning shape feasibility, and why “powered land” has become an asset class of its own.
Project Types & Construction Requirements
From hyperscale to edge to co-location, how different formats are designed, delivered, and monetized.
Tenants & Leases
How hyperscalers, colos, Neoclouds, and enterprises contract for capacity. Learn how lease structures differ from real estate norms (power usage, SLAs, uptime guarantees).
Trends & Evolving Dynamics
The rise of AI workloads, demand for high-density cooling, and how capital markets are shifting toward infrastructure-style underwriting.
Day Two: The Deal Level — How to Underwrite a Data Center Investment
Wednesday, September 2 · 12:00-1:30 PM ET
Underwriting an Infrastructure Investment, Not Real Estate
Why data centers are valued more like power plants than buildings–and how to reflect that in your models.
Case Study 1
Ground-Up Development: Step-by-step underwriting of a new data center project–from site acquisition and utility coordination to lease-up and exit. Includes cost, revenue, and return modeling.
Case Study 2: Office-to-Data Center Conversion
How adaptive reuse projects work, what makes a building viable, estimating retrofit costs, and structuring joint ventures between developer and operator.
Capital Stack Design & Investor Alignment
How institutional investors, private equity firms, and developers structure deals: co-GP, promotes, sale-leasebacks, and platform-level partnerships.
Risk & Return Frameworks
Learn how power pricing, tenant credit, capex exposure, and market selection impact underwriting and deal execution.
Hear from our alumni
"Brad and Paul opened my eyes to how real estate deals get put together, where incentives lie, and how we might create business cases for proptech and climate tech. Great stuff!"
"A perfect introduction to the most important real estate concepts, distilled down in the perfect way to absorb and retain. Paul and Brad clearly thought a lot about how to actually educate, not just data-dump the group."
"Excellent course that guides you through a fictional case study with detailed explanation of every single step for all personas at every stage of a real estate deal. I highly recommend enrolling."
"Huge thank you for an amazing five weeks. The 'Selling into Real Estate Owners' course content is a goldmine for anyone building or selling in PropTech, and the weekly cohort discussions are a rare chance to learn directly from peers."
"A collection of engaging and collaborative sessions on how to launch and structure a venture into real estate. Paul and Brad put on a great class with an even better collection of participants."
Format & access
Two live sessions
Each 90 minutes, split across two days
Post-workshop access via Circle
All participants will receive an invitation to join our private Circle community after the workshop concludes.
A recording for everyone
Recordings are sent to all registered attendees, whether or not you attend live.
Slides & materials
Participants receive the workshop slides, case studies, and implementation tools.
Frequently asked questions
Will participants receive a copy of the materials?
Yes. All registered participants will receive an invitation to join our private Circle community. Recordings, slides, models, and case studies will be uploaded within one week of the workshop ending.
I can’t make this time, will a recording be available?
Yes. All registered participants receive access to the recordings and materials via Circle, even if they cannot attend live.
As featured in
How to Build and Fund Data Centers
Live on Tuesday, September 1, 12-1:30pm Eastern Time. $499.
Register for this workshopRecordings are sent to all registered attendees, whether or not you attend live.