Alternative Investments, Conference, Conference / Seminar, Global Passport, Virtual Events & Programming

2nd Annual Infrastructure Outlook: Data Centers and Student Housing

November 8, 2023 | 5:30 PM - 7:00 PM

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Overview

As society has quickly adopted the ‘internet-of-things,’ 5G, and cloud computing, data centers have grown from a niche segment to a critical component of our nation’s Infrastructure. The top four hyperscalers (Microsoft, AWS, Google, and Meta) are expected to invest approximately $1 trillion to keep up with demand, including from resource-heavy artificial intelligence. Historically this investment was done in-house, but now external financing is needed to help fill the void.

Similarly, student housing has garnered significant attention and investment in recent years as state and federal governments face increasing budget deficits, turning to private capital sources to build much-needed accommodation for a growing quality workforce. In the next four years, over 129 thousand beds are needed in the US at an average price of $100 thousand per bed, equaling more than $12 trillion of investment.

This event will help members understand these two fast growing sectors, related investment and lending opportunities, and associated risks.

Agenda

5:30 PM | REGISTRATION

6:00 PM | INTRODUCTION

Tom Schultz, CFA, CAIA, Principal Investment Analyst, Cornell University Office of Investments

6:05 PM | PANEL DISCUSSION

Moderator

Michael Ball, CFA, , Vice Chair of the Alternative Investments Group, CFA Society New York

Panelists

Edward Casserley, Principal, Stonepeak

Chea Hart, Principal, DigitalBridge

Jim Hennessy, Managing Director, Harrison Street

Michael Tranter, Managing Director, Infrastructure Finance, Sumitomo Mitsui Banking Corporation

6:45 PM | Q&A

6:55 PM | CLOSING REMARKS

Patrick Nessenthaler, CFA, CAIA, CRE, Vice Chair of the Alternative Investments Group, CFA Society New York

Additional Details

Learning Outcomes

  • Learn what makes these alternative asset classes appealing to investors and lenders.
  • Learn who the main data center and student housing owners and tenants are. How do supply and demand look for these sectors?
  • Learn the types of data centers (colocation, build-to-suit, hyperscale). What is contractually different between these types (tenant lease, mechanical, electrical, plumbing, and server investments)?
  • Learn where data centers are located and why. How are data centers built, and what are their key design and investment considerations? What are the typical metrics around size? Any ESG considerations?
  • Learn which geographic areas have the best growth in university enrollment vs. housing stock imbalance. What local factors enhance or detract from opportunities (credit history, labor, supply chain, NIMBY socioeconomic events, moratoriums)?
  • Learn how are these financed during construction and upon stabilization (infrastructure style, real estate style, ABS, CMBS, private placement, etc.).

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

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Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to seminars@cfany.org.

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CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

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