Page 25 - RC21 EDGE Summer Issue

SPOTLIGHT: Sustainability
THE MULTIGREEN WAY 1.0:
ATTAINABLE, SUSTAINABLE, TECH-ENABLED MULTIFAMILY HOUSING
RANDY NORTON
Founder & Chairman of the Board MultiGreen
PRIOR TO THE COVID-19 global health pandemic,
there was another crisis: attainable workforce housing. The headlines were omnipresent, and the facts and figures continue to be staggering. Almost all of
society’s problems can be traced from or directly
linked to inadequate housing—the greatest disruption
to the family unit. The United Nations identified 17 Sustainable Development Goals for the world to achieve by 2030. MultiGreen, a real estate development and operating company specializing in ground-up construction of attainable, sustainable and tech-enabled multifamily housing aspires to include 13 of the 17 SDGs into each of their multifamily communities.
MultiGreen publicly launched with an announcement from Davos, Switzerland, on January 20, 2020, at the 50th Annual World Economic Forum. It is not a fund nor a startup but a spinout. The company was co-founded
by Green Mesa Capital, a single-family office with a 30+ year real estate operating and investment track record, and i(x) investments, a multi-strategy impact investing firm co-founded by Howard W. Buffett and Trevor Neilson with global family offices as shareholders. In the first twelve months of operation, the company funded four transactions totaling $248 million of construction volume, which will yield 1,106 multifamily homes.
Beginning with the BIM in mind, MultiGreen aspires to construct 40,000 multifamily Workforce PlusTM units by 2030. What is a Workforce PlusTM unit? It is an attainable, sustainable, and tech-enabled unit, constructed with materials that will provide digital amenities and a living standard that is possible today and future-proofed for tomorrow in what is being called The Fourth Industrial Revolution. Yes, technology and capital are requisite, and
it is time they are reimagined. Imagine building attainable green living that connects neighbors and impacts investors.
To construct 38,894 more units by 2030, it will require smart capital, vertical integration that self-performs cost
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