Sheet 01 — Powered Land
Land is easy. Powered land is the product.
We buy and joint-venture ground with real interconnection, or a clear path to it. If you hold that kind of land, we should talk.
What "powered" means
Four conditions, met before we call it inventory.
"Powered land" gets claimed loosely in this industry. Our definition is stricter, because our tenants' schedules depend on it. Greenfield or brownfield, raw acres or a shell to convert: the power decides, not the dirt.
- PL-1Power at the fence. An executed interconnection with a dated energization path.
- PL-2Fiber diversity. Two or more long-haul routes within reach.
- PL-3Water certainty. Closed-loop design keeps draw near zero.
- PL-4Community alignment. We arrive early, hire locally, and build campuses counties want more of.
How we screen
The underwriting ledger.
Every site is scored against the same ledger before a dollar moves. Most fail.
| Criterion | Threshold | Why it matters |
|---|---|---|
| Power | Live now, or firmly committed by end of 2027. Sweet spot 5–75 MW; smaller and larger considered | Paper is proof: a will-serve or ESA in hand, CIAC paid, notice to proceed issued. |
| Ground | Greenfield or brownfield, anywhere in the US. Road frontage, outside the 100-year floodplain | A shell we can convert is as good as a field we can build on. Power decides, not the dirt. |
| Fiber | 4×100 Gb circuits or better; dual carrier, dual path preferred | Rarely a dealbreaker. It changes cost and time, not the answer. |
| Water | None required. Closed-loop cooling is our default | Strong water is an option we hold, never a condition. |
| Zoning & neighbors | Unincorporated preferred; preapprovals welcome | Every permission already in hand is schedule risk already removed. |
Land, carried all the way
From first walk to first megawatt.
Identify & control
Power-first screening, anywhere in the US. We close on our balance sheet in days.
Weeks 0–6Entitle & align
Zoning, tax, noise, water, and community agreements negotiated in parallel by our in-house land team.
Months 1–6Interconnect
Queue management, substation design, and long-lead procurement carried by Ferrock. Transformers are bought before tenants sign.
Months 3–18Energize & deliver
The site graduates to the Eight-Month Standard: modules land, sitework finishes, load goes live.
8 monthsThree structures
Sell it, contribute it, or build it with us.
Estate timing, tax basis, appetite for upside. Every position is different, and we have closed each structure below more than once.
Certainty, priced for what it's worth
A clean sale at powered-land value, not farmland comps. No financing contingency. LOI to deed in as little as nine days.
9-day record close · All cashKeep equity in the campus
Contribute your ground into the campus entity and hold units alongside our families. We carry all development capital, and the campus you hold equity in has tenants, not projections.
You hold campus equity · We fund 100%Income for a generation
A long-term ground position with a share of campus revenue, for families who never want to sell the dirt.
99-yr structures · Revenue share
For landowners
Own ground near transmission? Let's walk it.
We carry our own diligence, close fast, and build what we buy. A first conversation takes an hour.