The Fifth Wall expands its climate business mission to include infrastructure.

Consolidating its position as the largest asset manager Focused on decarbonizing the real estate industry

new york, January 19, 2023 /PRNewswire/ — Fifth wall—the largest property manager focused on decarbonizing the real estate industry—hired. Alok Sinder As a partner to expand the mission of the climate business to invest in infrastructure alongside the firm’s leading venture and growth equity business. The organization added. Heather McGorry As Head of Climate and ESG Partnership to strengthen the organization’s ESG and decarbonization strategies.

Fifth Wall Climate Business has quickly emerged as the largest and most prominent private fund dedicated to disrupting the real estate industry, with more than $740 million committed and an investor in more than 110 major real estate companies. The company has made important investments in more than twenty climate companies Ascend elements, Electric hydrogen, RoadRunner, Abuse, Span.And PackedTo name a few.

To date, the firm’s climate investment strategy has focused primarily on taking unregulated venture and growth equity stakes in promising startups. With the addition of Cinder, Fifth Wall can now invest in renewable energy infrastructure, decarbonization services and project finance in addition to debt securities and majority equity stakes in companies. As such, Fifth Wall not only invests in world-changing investments and growth-stage climate companies, but also funds their post-funding technology development, allowing them to move from lab to factory to deployment.

Prior to joining Fifth Wall, Synder served as a partner in The Shaw Group’s renewable energy and infrastructure platform for over ten years. Synder previously worked for JP Morgan’s energy investment banking group and currently serves as a consultant to the Department of Defense’s energy transition and decarbonization efforts and the Tomcat Center, part of the Doerr School of Sustainability. Stanford University. Based on San FranciscoSynder is a computer science and economics major. Stanford and holds an MBA from the Wharton School.

“Fifth Wall has established itself as today’s leading innovation and growth equity investor in emerging technologies to decarbonize the global real estate industry,” he said. Brendan Wallace, Co-Founder and Managing Partner, Fifth Wall. “Alloc’s proven experience, combined with our innovative ability to invest in climate infrastructure, is an important and integral part of accelerating the energy transition for the real estate industry.” 18 trillion dollars opportunity”

McGorry joined APCO International and advised multilateral institutions and corporations on climate action. Prior to APCO, McGorry led the We Mean Business Coalition, developing corporate commitments to address climate change such as the Science-Based Targets Initiative. McGorry is a former carbon trader. Based on New York Cityis a graduate of McGory. Barnard College And he has a Masters in International Affairs. Columbia University.

Real estate represents the single largest source of carbon emissions and 40% of energy consumption. Record of the fifth wall $500 million Climate Fund announced in July 2022It was the inaugural fund focused on reducing the industry’s massive carbon footprint. The company’s ability to deploy newly acquired capital into infrastructure investments allows it to become a full-fledged investor, accelerating the critical task of decarbonizing the real estate industry over the next twenty years. McJorrie will strengthen these efforts by partnering with the company’s strategic investors to accelerate their climate commitments.

“I have been consistently impressed by the success and speed with which Fifth Wall has established itself as one of the top investors in climate,” shares Synder. “I look forward to growing the group’s innovation and growth equity investment capabilities with the infrastructure expertise needed to enable the industry to achieve carbon neutrality.”

“Fifth Wall has built an unparalleled coalition of real estate investors that represents the largest network of leading industry participants committed to sustainability in the world,” said McGeory. “I couldn’t be happier to help them with their carbonation goals.”

In the climactic exercise, the fifth tower rises. Anastasia Istaratova And Clay Macfarlane to principals and Cedric Char And Christian Thatcher to vice presidents.

About the fifth wall

In the year Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology for the global real estate industry. with approx $3.2B Through commitment and capital under management, The Fifth Wall connects many of the world’s largest owners and operators of real estate with entrepreneurs. Fifth Wall is supported by a global mix of over 110 strategic limited partners, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Host Hotels & Resorts, Ivanhoé. Cambridge, Kimco Realty Corporation, Lennar, Lowe’s Home Improvement, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, Toll Brothers and others. Fifth Wall believes this alliance represents the largest group of partners in the global built ecosystem, resulting in transformative investments and promising portfolio companies as well as carbonization technologies. For more information about The Fifth Wall, its specific partners and portfolio, visit www.fifthwall.com.

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