{"version":"1.0.0","segments":[{"speaker":"Owen Barrett","startTime":3.656,"endTime":7.676,"body":"my hypothesis is if"},{"speaker":"Owen Barrett","startTime":3.656,"endTime":7.676,"body":"there are more building owners that"},{"speaker":"Owen Barrett","startTime":7.676,"endTime":12.056,"body":"are buying buildings to decarbonize"},{"speaker":"Owen Barrett","startTime":7.676,"endTime":12.056,"body":"them, then we will scale the"},{"speaker":"Owen Barrett","startTime":12.056,"endTime":15.776,"body":"decarbonization of existing buildings"},{"speaker":"Owen Barrett","startTime":12.056,"endTime":15.776,"body":"much faster than we're doing now."},{"speaker":"Owen Barrett","startTime":16.166,"endTime":19.346,"body":"The challenge with that is that it's"},{"speaker":"Owen Barrett","startTime":16.166,"endTime":19.346,"body":"really capital intensive and you have to"},{"speaker":"Owen Barrett","startTime":19.346,"endTime":23.636,"body":"understand how to operate buildings as"},{"speaker":"Owen Barrett","startTime":19.346,"endTime":23.636,"body":"well as how to deploy clean technology."},{"speaker":"Owen Barrett","startTime":23.636,"endTime":28.296,"body":"So it's not an easy solution by any means,"},{"speaker":"Owen Barrett","startTime":23.636,"endTime":28.296,"body":"but I do think it's the most efficient"},{"speaker":"Tom Raftery","startTime":29.189,"endTime":31.289,"body":"Good morning, good"},{"speaker":"Tom Raftery","startTime":29.189,"endTime":31.289,"body":"afternoon, or good evening,"},{"speaker":"Tom Raftery","startTime":31.289,"endTime":32.819,"body":"wherever you are in the world."},{"speaker":"Tom Raftery","startTime":33.119,"endTime":35.249,"body":"This is the Climate Confident podcast."},{"speaker":"Tom Raftery","startTime":35.489,"endTime":39.119,"body":"The number one podcast, showcasing"},{"speaker":"Tom Raftery","startTime":35.489,"endTime":39.119,"body":"best practices in climate"},{"speaker":"Tom Raftery","startTime":39.119,"endTime":40.799,"body":"emission, reductions and removals."},{"speaker":"Tom Raftery","startTime":41.189,"endTime":43.079,"body":"And I'm your host, Tom Raftery."},{"speaker":"Tom Raftery","startTime":43.287,"endTime":47.067,"body":"Don't forget to click follow on this"},{"speaker":"Tom Raftery","startTime":43.287,"endTime":47.067,"body":"podcast in your podcast app of choice,"},{"speaker":"Tom Raftery","startTime":47.187,"endTime":49.587,"body":"to be sure you don't miss any episodes."},{"speaker":"Tom Raftery","startTime":51.757,"endTime":52.387,"body":"Hi everyone."},{"speaker":"Tom Raftery","startTime":52.447,"endTime":56.077,"body":"Welcome to episode 129 of the"},{"speaker":"Tom Raftery","startTime":52.447,"endTime":56.077,"body":"Climate Confident Podcast."},{"speaker":"Tom Raftery","startTime":56.377,"endTime":60.187,"body":"My name is Tom Raftery and before"},{"speaker":"Tom Raftery","startTime":56.377,"endTime":60.187,"body":"we kick off today's show, I want to"},{"speaker":"Tom Raftery","startTime":60.187,"endTime":64.597,"body":"take a moment to express my gratitude"},{"speaker":"Tom Raftery","startTime":60.187,"endTime":64.597,"body":"to all of our amazing supporters."},{"speaker":"Tom Raftery","startTime":65.077,"endTime":69.487,"body":"Your support has been instrumental in"},{"speaker":"Tom Raftery","startTime":65.077,"endTime":69.487,"body":"keeping this podcast going, and I'm truly"},{"speaker":"Tom Raftery","startTime":69.487,"endTime":71.347,"body":"grateful for each and every one of you."},{"speaker":"Tom Raftery","startTime":72.187,"endTime":75.877,"body":"If you're not already a supporter, I'd"},{"speaker":"Tom Raftery","startTime":72.187,"endTime":75.877,"body":"like to encourage you to consider joining"},{"speaker":"Tom Raftery","startTime":75.877,"endTime":79.177,"body":"our community of like-minded individuals"},{"speaker":"Tom Raftery","startTime":75.877,"endTime":79.177,"body":"who are passionate about climate."},{"speaker":"Tom Raftery","startTime":80.137,"endTime":84.127,"body":"Supporting the podcast is easy and"},{"speaker":"Tom Raftery","startTime":80.137,"endTime":84.127,"body":"affordable, with options starting as low"},{"speaker":"Tom Raftery","startTime":84.127,"endTime":88.897,"body":"as just three euros or dollars, that's"},{"speaker":"Tom Raftery","startTime":84.127,"endTime":88.897,"body":"less than the cost of a cup of coffee, and"},{"speaker":"Tom Raftery","startTime":88.897,"endTime":92.107,"body":"your support will make a huge difference"},{"speaker":"Tom Raftery","startTime":88.897,"endTime":92.107,"body":"in keeping this show going strong."},{"speaker":"Tom Raftery","startTime":92.947,"endTime":96.397,"body":"To become a supporter, simply click"},{"speaker":"Tom Raftery","startTime":92.947,"endTime":96.397,"body":"on the support link in the show"},{"speaker":"Tom Raftery","startTime":96.397,"endTime":102.727,"body":"notes of this or any episode, or"},{"speaker":"Tom Raftery","startTime":96.397,"endTime":102.727,"body":"visit tiny url.com/climate pod."},{"speaker":"Tom Raftery","startTime":104.527,"endTime":109.987,"body":"Now, without further ado with me on the"},{"speaker":"Tom Raftery","startTime":104.527,"endTime":109.987,"body":"show today, I have my special guest, Owen."},{"speaker":"Tom Raftery","startTime":110.347,"endTime":111.997,"body":"Owen, welcome to the podcast."},{"speaker":"Tom Raftery","startTime":112.267,"endTime":113.707,"body":"Would you like to introduce yourself?"},{"speaker":"Owen Barrett","startTime":114.347,"endTime":114.617,"body":"Yeah."},{"speaker":"Owen Barrett","startTime":114.617,"endTime":115.637,"body":"Thanks for having me, Tom."},{"speaker":"Owen Barrett","startTime":115.697,"endTime":117.617,"body":"My name is Owen Barrett."},{"speaker":"Owen Barrett","startTime":118.052,"endTime":121.442,"body":"I spend most of my time in San Diego,"},{"speaker":"Owen Barrett","startTime":118.052,"endTime":121.442,"body":"although I spend the summers in Mammoth."},{"speaker":"Owen Barrett","startTime":121.447,"endTime":124.262,"body":"So if I see him out of breath,"},{"speaker":"Owen Barrett","startTime":121.447,"endTime":124.262,"body":"it's because I haven't fully"},{"speaker":"Owen Barrett","startTime":124.262,"endTime":125.942,"body":"acclimated to 8,000 feet yet."},{"speaker":"Tom Raftery","startTime":129.482,"endTime":130.322,"body":"Nice, nice, nice."},{"speaker":"Tom Raftery","startTime":130.652,"endTime":131.612,"body":"What do you do, Owen?"},{"speaker":"Tom Raftery","startTime":131.612,"endTime":132.842,"body":"Why are you on the podcast?"},{"speaker":"Owen Barrett","startTime":134.312,"endTime":135.902,"body":"Yeah, I mean, I"},{"speaker":"Owen Barrett","startTime":134.312,"endTime":135.902,"body":"think the easiest way to sum"},{"speaker":"Owen Barrett","startTime":135.902,"endTime":139.552,"body":"it up is my life's mission is"},{"speaker":"Owen Barrett","startTime":135.902,"endTime":139.552,"body":"decarbonizing existing real estate."},{"speaker":"Owen Barrett","startTime":139.742,"endTime":145.317,"body":"The reason that I've chosen that is,"},{"speaker":"Owen Barrett","startTime":139.742,"endTime":145.317,"body":"real estate accounts for about 40%"},{"speaker":"Owen Barrett","startTime":145.317,"endTime":146.907,"body":"of global greenhouse gas emissions."},{"speaker":"Owen Barrett","startTime":147.387,"endTime":152.597,"body":"And there is a decent amount of"},{"speaker":"Owen Barrett","startTime":147.387,"endTime":152.597,"body":"focus on building new buildings"},{"speaker":"Owen Barrett","startTime":152.602,"endTime":154.157,"body":"the right way, which is great."},{"speaker":"Owen Barrett","startTime":154.157,"endTime":154.787,"body":"We need that."},{"speaker":"Owen Barrett","startTime":155.327,"endTime":159.587,"body":"However, of all the buildings that exist"},{"speaker":"Owen Barrett","startTime":155.327,"endTime":159.587,"body":"in 2040, two thirds already exist today."},{"speaker":"Owen Barrett","startTime":160.067,"endTime":164.807,"body":"So if all we're doing is focusing on"},{"speaker":"Owen Barrett","startTime":160.067,"endTime":164.807,"body":"building new buildings the right way, then"},{"speaker":"Owen Barrett","startTime":164.807,"endTime":166.247,"body":"we're missing the bulk of the problem."},{"speaker":"Owen Barrett","startTime":166.667,"endTime":167.747,"body":"And so for the last."},{"speaker":"Owen Barrett","startTime":168.092,"endTime":171.872,"body":"10 years or so, I've had sort of"},{"speaker":"Owen Barrett","startTime":168.092,"endTime":171.872,"body":"a variety of different businesses"},{"speaker":"Owen Barrett","startTime":171.872,"endTime":175.622,"body":"that are all tackling the same"},{"speaker":"Owen Barrett","startTime":171.872,"endTime":175.622,"body":"problem, which is how can we rapidly"},{"speaker":"Owen Barrett","startTime":175.622,"endTime":177.632,"body":"decarbonize existing buildings?"},{"speaker":"Tom Raftery","startTime":179.162,"endTime":179.642,"body":"Okay."},{"speaker":"Tom Raftery","startTime":180.602,"endTime":183.062,"body":"How can we rapidly decarbonize"},{"speaker":"Tom Raftery","startTime":180.602,"endTime":183.062,"body":"existing buildings?"},{"speaker":"Owen Barrett","startTime":184.442,"endTime":186.962,"body":"Well, I would argue"},{"speaker":"Owen Barrett","startTime":184.442,"endTime":186.962,"body":"that the, the fastest way you"},{"speaker":"Owen Barrett","startTime":186.962,"endTime":188.162,"body":"can do it is to become the owner."},{"speaker":"Owen Barrett","startTime":188.512,"endTime":191.662,"body":"You know, the problem, as I"},{"speaker":"Owen Barrett","startTime":188.512,"endTime":191.662,"body":"see it, is not technology."},{"speaker":"Owen Barrett","startTime":191.722,"endTime":194.482,"body":"We have the technology that we"},{"speaker":"Owen Barrett","startTime":191.722,"endTime":194.482,"body":"need to solve climate change."},{"speaker":"Owen Barrett","startTime":194.887,"endTime":197.737,"body":"The problem is whether or"},{"speaker":"Owen Barrett","startTime":194.887,"endTime":197.737,"body":"not we can deploy it quickly."},{"speaker":"Owen Barrett","startTime":198.247,"endTime":203.197,"body":"And anyone who's been in sort of the"},{"speaker":"Owen Barrett","startTime":198.247,"endTime":203.197,"body":"sustainability or clean tech industry will"},{"speaker":"Owen Barrett","startTime":203.202,"endTime":208.107,"body":"have a similar experience in that they've"},{"speaker":"Owen Barrett","startTime":203.202,"endTime":208.107,"body":"delivered proposals to business owners,"},{"speaker":"Owen Barrett","startTime":208.107,"endTime":212.817,"body":"to building owners, to CEOs, COOs, you"},{"speaker":"Owen Barrett","startTime":208.107,"endTime":212.817,"body":"know, VPs, whoever the decision maker is,"},{"speaker":"Owen Barrett","startTime":213.327,"endTime":217.107,"body":"and the proposal can make all the sense"},{"speaker":"Owen Barrett","startTime":213.327,"endTime":217.107,"body":"in the world from a financial perspective."},{"speaker":"Owen Barrett","startTime":217.482,"endTime":220.752,"body":"And it falls on deaf ears, or it's"},{"speaker":"Owen Barrett","startTime":217.482,"endTime":220.752,"body":"not the right quarter, or they"},{"speaker":"Owen Barrett","startTime":220.752,"endTime":223.302,"body":"don't believe in the technology or"},{"speaker":"Owen Barrett","startTime":220.752,"endTime":223.302,"body":"they don't have the money, or, you"},{"speaker":"Owen Barrett","startTime":223.302,"endTime":226.762,"body":"know, there's a million different"},{"speaker":"Owen Barrett","startTime":223.302,"endTime":226.762,"body":"excuses why not to do the projects."},{"speaker":"Owen Barrett","startTime":227.332,"endTime":233.182,"body":"And so my hypothesis is if if there"},{"speaker":"Owen Barrett","startTime":227.332,"endTime":233.182,"body":"are more building owners that are"},{"speaker":"Owen Barrett","startTime":233.182,"endTime":237.442,"body":"buying buildings to decarbonize"},{"speaker":"Owen Barrett","startTime":233.182,"endTime":237.442,"body":"them, then we will scale the"},{"speaker":"Owen Barrett","startTime":237.442,"endTime":241.162,"body":"decarbonization of existing buildings"},{"speaker":"Owen Barrett","startTime":237.442,"endTime":241.162,"body":"much faster than we're doing now."},{"speaker":"Owen Barrett","startTime":241.552,"endTime":244.732,"body":"The challenge with that is that it's"},{"speaker":"Owen Barrett","startTime":241.552,"endTime":244.732,"body":"really capital intensive and you have to"},{"speaker":"Owen Barrett","startTime":244.732,"endTime":249.022,"body":"understand how to operate buildings as"},{"speaker":"Owen Barrett","startTime":244.732,"endTime":249.022,"body":"well as how to deploy clean technology."},{"speaker":"Owen Barrett","startTime":249.022,"endTime":253.862,"body":"So it's not an easy solution by any means,"},{"speaker":"Owen Barrett","startTime":249.022,"endTime":253.862,"body":"but I, I do think it's the most efficient."},{"speaker":"Tom Raftery","startTime":255.032,"endTime":255.482,"body":"Okay."},{"speaker":"Tom Raftery","startTime":255.992,"endTime":261.632,"body":"And how do you go about buying"},{"speaker":"Tom Raftery","startTime":255.992,"endTime":261.632,"body":"the, all the building stock that's"},{"speaker":"Tom Raftery","startTime":261.632,"endTime":263.132,"body":"out there and decarbonizing it?"},{"speaker":"Owen Barrett","startTime":264.512,"endTime":267.762,"body":"So we've focused on"},{"speaker":"Owen Barrett","startTime":264.512,"endTime":267.762,"body":"multifamily, but you know, this model"},{"speaker":"Owen Barrett","startTime":267.762,"endTime":270.132,"body":"works on really any asset class."},{"speaker":"Owen Barrett","startTime":270.182,"endTime":272.432,"body":"It actually works better"},{"speaker":"Owen Barrett","startTime":270.182,"endTime":272.432,"body":"on some asset classes."},{"speaker":"Owen Barrett","startTime":272.432,"endTime":276.542,"body":"I just kind of fell into multifamily"},{"speaker":"Owen Barrett","startTime":272.432,"endTime":276.542,"body":"and now really understand it the best."},{"speaker":"Owen Barrett","startTime":276.992,"endTime":278.312,"body":"What's interesting is that,"},{"speaker":"Tom Raftery","startTime":278.672,"endTime":281.402,"body":"just to clarify, you"},{"speaker":"Tom Raftery","startTime":278.672,"endTime":281.402,"body":"know, last, sorry, Owen, to cut across"},{"speaker":"Tom Raftery","startTime":281.432,"endTime":284.282,"body":"you, but just to clarify for people"},{"speaker":"Tom Raftery","startTime":281.432,"endTime":284.282,"body":"listening, when you say multifamily,"},{"speaker":"Tom Raftery","startTime":284.282,"endTime":285.662,"body":"you mean like apartment complexes?"},{"speaker":"Owen Barrett","startTime":286.547,"endTime":287.747,"body":"I mean apartment complexes."},{"speaker":"Owen Barrett","startTime":287.747,"endTime":288.017,"body":"Yeah."},{"speaker":"Owen Barrett","startTime":288.017,"endTime":291.877,"body":"Although, you know, it could be like"},{"speaker":"Owen Barrett","startTime":288.017,"endTime":291.877,"body":"single family homes at scale as well,"},{"speaker":"Owen Barrett","startTime":291.907,"endTime":295.027,"body":"I guess would be considered like"},{"speaker":"Owen Barrett","startTime":291.907,"endTime":295.027,"body":"commercial, residential real estate."},{"speaker":"Owen Barrett","startTime":295.027,"endTime":298.087,"body":"But we focus on apartment"},{"speaker":"Owen Barrett","startTime":295.027,"endTime":298.087,"body":"buildings, so generally 50"},{"speaker":"Owen Barrett","startTime":298.087,"endTime":299.647,"body":"plus unit apartment buildings."},{"speaker":"Owen Barrett","startTime":300.127,"endTime":305.527,"body":"Real estate is sort of the oldest,"},{"speaker":"Owen Barrett","startTime":300.127,"endTime":305.527,"body":"whitest, least innovative industry"},{"speaker":"Owen Barrett","startTime":305.527,"endTime":306.787,"body":"that I've ever come across."},{"speaker":"Owen Barrett","startTime":306.837,"endTime":310.077,"body":"There really hasn't changed very"},{"speaker":"Owen Barrett","startTime":306.837,"endTime":310.077,"body":"much in, you know, hundreds of years."},{"speaker":"Owen Barrett","startTime":310.617,"endTime":316.227,"body":"And it's interesting for me because, I've"},{"speaker":"Owen Barrett","startTime":310.617,"endTime":316.227,"body":"spent a decade sort of getting trained to"},{"speaker":"Owen Barrett","startTime":316.597,"endTime":322.077,"body":"recognize energy costs as an opportunity"},{"speaker":"Owen Barrett","startTime":316.597,"endTime":322.077,"body":"where, and by, by that I mean if you"},{"speaker":"Owen Barrett","startTime":322.077,"endTime":325.917,"body":"can figure out a way to eliminate them"},{"speaker":"Owen Barrett","startTime":322.077,"endTime":325.917,"body":"or reduce 'em through energy efficiency"},{"speaker":"Owen Barrett","startTime":325.917,"endTime":329.427,"body":"or renewable energy, that's straight,"},{"speaker":"Owen Barrett","startTime":325.917,"endTime":329.427,"body":"that's money straight to the bottom line."},{"speaker":"Owen Barrett","startTime":329.427,"endTime":333.147,"body":"So instead of paying your utility, it's"},{"speaker":"Owen Barrett","startTime":329.427,"endTime":333.147,"body":"either net profit if you know you're"},{"speaker":"Owen Barrett","startTime":333.147,"endTime":336.597,"body":"operating a business, if you're operating"},{"speaker":"Owen Barrett","startTime":333.147,"endTime":336.597,"body":"real estate, it's net operating income."},{"speaker":"Owen Barrett","startTime":337.067,"endTime":341.537,"body":"And so what I recognized sort of"},{"speaker":"Owen Barrett","startTime":337.067,"endTime":341.537,"body":"eight years ago is, There's not"},{"speaker":"Owen Barrett","startTime":341.537,"endTime":345.647,"body":"really anybody in the multifamily real"},{"speaker":"Owen Barrett","startTime":341.537,"endTime":345.647,"body":"estate space that understands that."},{"speaker":"Owen Barrett","startTime":345.737,"endTime":350.447,"body":"That understands if you can save energy"},{"speaker":"Owen Barrett","startTime":345.737,"endTime":350.447,"body":"in a cost effective manner, you can"},{"speaker":"Owen Barrett","startTime":350.447,"endTime":352.067,"body":"make your property more valuable."},{"speaker":"Owen Barrett","startTime":352.487,"endTime":357.947,"body":"And so we're looking for"},{"speaker":"Owen Barrett","startTime":352.487,"endTime":357.947,"body":"multifamily deals that are great"},{"speaker":"Owen Barrett","startTime":357.952,"endTime":359.897,"body":"real estate deals on the surface."},{"speaker":"Owen Barrett","startTime":360.347,"endTime":364.547,"body":"And then if we layer in our energy"},{"speaker":"Owen Barrett","startTime":360.347,"endTime":364.547,"body":"efficiency and renewable energy, not only"},{"speaker":"Owen Barrett","startTime":364.547,"endTime":368.057,"body":"can we convert 'em to net zero buildings"},{"speaker":"Owen Barrett","startTime":364.547,"endTime":368.057,"body":"without carbon offsets, which I think is"},{"speaker":"Owen Barrett","startTime":368.062,"endTime":370.097,"body":"a really important point to distinguish."},{"speaker":"Owen Barrett","startTime":370.457,"endTime":373.187,"body":"But we're also making the properties"},{"speaker":"Owen Barrett","startTime":370.457,"endTime":373.187,"body":"more valuable than they would've"},{"speaker":"Owen Barrett","startTime":373.187,"endTime":374.987,"body":"been without clean technology."},{"speaker":"Owen Barrett","startTime":374.987,"endTime":380.627,"body":"So it's sort of this nuanced"},{"speaker":"Owen Barrett","startTime":374.987,"endTime":380.627,"body":"understanding of how to find and"},{"speaker":"Owen Barrett","startTime":380.632,"endTime":385.247,"body":"acquire multi-family buildings and then"},{"speaker":"Owen Barrett","startTime":380.632,"endTime":385.247,"body":"operate them, but also how to implement"},{"speaker":"Owen Barrett","startTime":385.277,"endTime":388.757,"body":"energy efficiency and renewable energy"},{"speaker":"Owen Barrett","startTime":385.277,"endTime":388.757,"body":"projects in the properties that we own."},{"speaker":"Tom Raftery","startTime":390.017,"endTime":390.437,"body":"Okay."},{"speaker":"Tom Raftery","startTime":391.217,"endTime":393.707,"body":"Where does the money come from for this?"},{"speaker":"Tom Raftery","startTime":393.707,"endTime":397.997,"body":"Because as you said, it's capital"},{"speaker":"Tom Raftery","startTime":393.707,"endTime":397.997,"body":"intensive and either you've got a"},{"speaker":"Tom Raftery","startTime":397.997,"endTime":403.247,"body":"very nice bank manager or you've got"},{"speaker":"Tom Raftery","startTime":397.997,"endTime":403.247,"body":"a very big bank account, or you're"},{"speaker":"Tom Raftery","startTime":403.247,"endTime":405.827,"body":"finding some other way to source"},{"speaker":"Tom Raftery","startTime":403.247,"endTime":405.827,"body":"money to buy all this real estate."},{"speaker":"Owen Barrett","startTime":406.697,"endTime":409.068,"body":"Yeah, it would be nice"},{"speaker":"Owen Barrett","startTime":406.697,"endTime":409.068,"body":"if it was all coming from my bank"},{"speaker":"Owen Barrett","startTime":409.073,"endTime":412.728,"body":"account, that definitely simplify the"},{"speaker":"Owen Barrett","startTime":409.073,"endTime":412.728,"body":"process, but I'm not there quite yet."},{"speaker":"Owen Barrett","startTime":413.178,"endTime":417.828,"body":"I mean, it comes from a variety of"},{"speaker":"Owen Barrett","startTime":413.178,"endTime":417.828,"body":"places so, we have syndicated deals"},{"speaker":"Owen Barrett","startTime":418.098,"endTime":422.278,"body":"from friends and family, meaning that"},{"speaker":"Owen Barrett","startTime":418.098,"endTime":422.278,"body":"our friends and family friends of"},{"speaker":"Owen Barrett","startTime":422.278,"endTime":426.718,"body":"friends, et cetera, are writing 50,000,"},{"speaker":"Owen Barrett","startTime":422.278,"endTime":426.718,"body":"a hundred thousand, $200,000 checks."},{"speaker":"Owen Barrett","startTime":427.218,"endTime":429.618,"body":"And, and that's nice, but"},{"speaker":"Owen Barrett","startTime":427.218,"endTime":429.618,"body":"it's a little bit cumbersome."},{"speaker":"Owen Barrett","startTime":429.678,"endTime":433.218,"body":"You know, you never really know and"},{"speaker":"Owen Barrett","startTime":429.678,"endTime":433.218,"body":"doesn't scale very well, doesn't scale."},{"speaker":"Owen Barrett","startTime":433.218,"endTime":435.948,"body":"I mean, some people have been"},{"speaker":"Owen Barrett","startTime":433.218,"endTime":435.948,"body":"successful in scaling it, but it"},{"speaker":"Owen Barrett","startTime":435.948,"endTime":440.103,"body":"takes a long time, and I would"},{"speaker":"Owen Barrett","startTime":435.948,"endTime":440.103,"body":"argue that time is the one variable"},{"speaker":"Owen Barrett","startTime":440.103,"endTime":441.723,"body":"we don't have with climate change."},{"speaker":"Owen Barrett","startTime":441.753,"endTime":442.263,"body":"So true."},{"speaker":"Owen Barrett","startTime":442.533,"endTime":447.063,"body":"I don't have the time to figure out"},{"speaker":"Owen Barrett","startTime":442.533,"endTime":447.063,"body":"how to scale a network of rich people"},{"speaker":"Owen Barrett","startTime":447.063,"endTime":448.953,"body":"who are gonna write me $50,000 checks."},{"speaker":"Owen Barrett","startTime":449.443,"endTime":453.793,"body":"So then we kind of moved into"},{"speaker":"Owen Barrett","startTime":449.443,"endTime":453.793,"body":"private equity and family offices."},{"speaker":"Owen Barrett","startTime":453.793,"endTime":457.963,"body":"So these are families worth, you know, 50,"},{"speaker":"Owen Barrett","startTime":453.793,"endTime":457.963,"body":"a hundred, 500 million that are writing"},{"speaker":"Owen Barrett","startTime":457.963,"endTime":460.543,"body":"10 million checks and that's easier."},{"speaker":"Owen Barrett","startTime":460.543,"endTime":463.463,"body":"But my experience is that those"},{"speaker":"Owen Barrett","startTime":460.543,"endTime":463.463,"body":"groups are not fun to work with."},{"speaker":"Owen Barrett","startTime":463.623,"endTime":466.783,"body":"They, they generally don't care"},{"speaker":"Owen Barrett","startTime":463.623,"endTime":466.783,"body":"about environmental impact, even"},{"speaker":"Owen Barrett","startTime":466.783,"endTime":467.983,"body":"if it's all over their website."},{"speaker":"Owen Barrett","startTime":467.983,"endTime":472.243,"body":"So they may say one, say one thing, they"},{"speaker":"Owen Barrett","startTime":467.983,"endTime":472.243,"body":"may market one thing, you know, and then"},{"speaker":"Owen Barrett","startTime":472.243,"endTime":475.783,"body":"you get in a closed door meeting with"},{"speaker":"Owen Barrett","startTime":472.243,"endTime":475.783,"body":"'em and it's the total opposite which"},{"speaker":"Owen Barrett","startTime":475.783,"endTime":477.103,"body":"is a little disheartening to learn."},{"speaker":"Owen Barrett","startTime":477.703,"endTime":482.043,"body":"So what we've shifted to most recently"},{"speaker":"Owen Barrett","startTime":477.703,"endTime":482.043,"body":"that I'm really excited about is basically"},{"speaker":"Owen Barrett","startTime":482.043,"endTime":484.233,"body":"democratizing the ability to do this."},{"speaker":"Owen Barrett","startTime":484.233,"endTime":488.523,"body":"So, In my experience, the people"},{"speaker":"Owen Barrett","startTime":484.233,"endTime":488.523,"body":"that have the ability to write"},{"speaker":"Owen Barrett","startTime":488.523,"endTime":493.083,"body":"50,000 or 5 million dollar checks"},{"speaker":"Owen Barrett","startTime":488.523,"endTime":493.083,"body":"don't care about climate change."},{"speaker":"Owen Barrett","startTime":493.113,"endTime":495.273,"body":"They just wanna make as much"},{"speaker":"Owen Barrett","startTime":493.113,"endTime":495.273,"body":"money as humanly possible."},{"speaker":"Owen Barrett","startTime":495.873,"endTime":499.443,"body":"I'm still optimistic that there are"},{"speaker":"Owen Barrett","startTime":495.873,"endTime":499.443,"body":"people out there that care about climate"},{"speaker":"Owen Barrett","startTime":499.448,"endTime":503.073,"body":"change and wanna spend their money"},{"speaker":"Owen Barrett","startTime":499.448,"endTime":503.073,"body":"in a way that fights climate change."},{"speaker":"Owen Barrett","startTime":503.523,"endTime":506.943,"body":"But I think it's at the individual"},{"speaker":"Owen Barrett","startTime":503.523,"endTime":506.943,"body":"level, not the institutional one."},{"speaker":"Owen Barrett","startTime":507.183,"endTime":508.803,"body":"I think it's at the retail investor level."},{"speaker":"Owen Barrett","startTime":508.803,"endTime":511.143,"body":"People like you and me, people"},{"speaker":"Owen Barrett","startTime":508.803,"endTime":511.143,"body":"like our friends and family."},{"speaker":"Owen Barrett","startTime":511.683,"endTime":517.023,"body":"And so we've created a new brand called"},{"speaker":"Owen Barrett","startTime":511.683,"endTime":517.023,"body":"Rayven that is more retail investor"},{"speaker":"Owen Barrett","startTime":517.028,"endTime":523.243,"body":"facing, and we've lowered our investment"},{"speaker":"Owen Barrett","startTime":517.028,"endTime":523.243,"body":"minimum to $250 and we offer 10%"},{"speaker":"Owen Barrett","startTime":523.393,"endTime":525.313,"body":"interest from a returns perspective."},{"speaker":"Owen Barrett","startTime":525.313,"endTime":531.553,"body":"So our hunch, our hypothesis is"},{"speaker":"Owen Barrett","startTime":525.313,"endTime":531.553,"body":"that if we market this opportunity."},{"speaker":"Owen Barrett","startTime":531.703,"endTime":534.523,"body":"If we can tell people that we can"},{"speaker":"Owen Barrett","startTime":531.703,"endTime":534.523,"body":"buy existing buildings, we can"},{"speaker":"Owen Barrett","startTime":534.523,"endTime":538.063,"body":"convert them to net zero, we'll pay"},{"speaker":"Owen Barrett","startTime":534.523,"endTime":538.063,"body":"you a 10% annual interest and the"},{"speaker":"Owen Barrett","startTime":538.063,"endTime":540.733,"body":"minimum investment is only $250."},{"speaker":"Owen Barrett","startTime":541.423,"endTime":545.263,"body":"What we think is gonna happen is that"},{"speaker":"Owen Barrett","startTime":541.423,"endTime":545.263,"body":"we're going to grow that community"},{"speaker":"Owen Barrett","startTime":545.263,"endTime":548.083,"body":"of people that really do care about"},{"speaker":"Owen Barrett","startTime":545.263,"endTime":548.083,"body":"fighting climate change and wanna"},{"speaker":"Owen Barrett","startTime":548.083,"endTime":550.093,"body":"get paid in the process of doing so."},{"speaker":"Tom Raftery","startTime":551.473,"endTime":551.923,"body":"Okay."},{"speaker":"Tom Raftery","startTime":552.373,"endTime":558.763,"body":"And if I give you $250 you are"},{"speaker":"Tom Raftery","startTime":552.373,"endTime":558.763,"body":"then committed to giving me."},{"speaker":"Tom Raftery","startTime":559.408,"endTime":567.268,"body":"$25 a year every year for, is it a"},{"speaker":"Tom Raftery","startTime":559.408,"endTime":567.268,"body":"fixed number of years or is it in"},{"speaker":"Tom Raftery","startTime":567.273,"endTime":569.158,"body":"perpetuity or how does that work?"},{"speaker":"Owen Barrett","startTime":569.938,"endTime":571.828,"body":"Yeah, so a"},{"speaker":"Owen Barrett","startTime":569.938,"endTime":571.828,"body":"couple, that's a good question"},{"speaker":"Owen Barrett","startTime":571.833,"endTime":573.088,"body":"and there's a couple answers."},{"speaker":"Owen Barrett","startTime":573.388,"endTime":576.508,"body":"One is we're targeting five"},{"speaker":"Owen Barrett","startTime":573.388,"endTime":576.508,"body":"a five year hold right now."},{"speaker":"Owen Barrett","startTime":576.598,"endTime":578.728,"body":"So that's, that's our plan right now."},{"speaker":"Owen Barrett","startTime":579.793,"endTime":582.943,"body":"It's hard to predict where the"},{"speaker":"Owen Barrett","startTime":579.793,"endTime":582.943,"body":"market's going to be in five years."},{"speaker":"Owen Barrett","startTime":583.063,"endTime":586.243,"body":"Obviously, we don't wanna sell"},{"speaker":"Owen Barrett","startTime":583.063,"endTime":586.243,"body":"properties in a downmarket because"},{"speaker":"Owen Barrett","startTime":586.248,"endTime":587.413,"body":"that's how you lose a lot of money."},{"speaker":"Owen Barrett","startTime":587.413,"endTime":589.603,"body":"So there is some flexibility"},{"speaker":"Owen Barrett","startTime":587.413,"endTime":589.603,"body":"on the hold period."},{"speaker":"Owen Barrett","startTime":590.503,"endTime":594.763,"body":"But the other thing that's happening"},{"speaker":"Owen Barrett","startTime":590.503,"endTime":594.763,"body":"that's really cool is, and I don't"},{"speaker":"Owen Barrett","startTime":594.883,"endTime":598.843,"body":"understand this space as much as other"},{"speaker":"Owen Barrett","startTime":594.883,"endTime":598.843,"body":"people, so I'm not gonna be able to"},{"speaker":"Owen Barrett","startTime":598.843,"endTime":602.683,"body":"answer a lot of questions about it, but"},{"speaker":"Owen Barrett","startTime":598.843,"endTime":602.683,"body":"this whole concept of tokenization and"},{"speaker":"Owen Barrett","startTime":602.683,"endTime":608.478,"body":"tokenizing investment opportunities,"},{"speaker":"Owen Barrett","startTime":602.683,"endTime":608.478,"body":"would offer liquidity to our investors."},{"speaker":"Owen Barrett","startTime":608.483,"endTime":611.898,"body":"And so you could actually set up a"},{"speaker":"Owen Barrett","startTime":608.483,"endTime":611.898,"body":"marketplace where people could buy"},{"speaker":"Owen Barrett","startTime":611.898,"endTime":614.418,"body":"and sell tokens in our investments."},{"speaker":"Owen Barrett","startTime":614.418,"endTime":617.908,"body":"And so you could shorten that"},{"speaker":"Owen Barrett","startTime":614.418,"endTime":617.908,"body":"that five year hold horizon,"},{"speaker":"Owen Barrett","startTime":618.028,"endTime":619.798,"body":"you know, down to a day or less."},{"speaker":"Owen Barrett","startTime":620.078,"endTime":621.693,"body":"But that's not available yet."},{"speaker":"Owen Barrett","startTime":621.693,"endTime":623.433,"body":"It's something that"},{"speaker":"Owen Barrett","startTime":621.693,"endTime":623.433,"body":"companies are working on."},{"speaker":"Owen Barrett","startTime":623.673,"endTime":625.863,"body":"It's probably gonna be"},{"speaker":"Owen Barrett","startTime":623.673,"endTime":625.863,"body":"available in a year or so."},{"speaker":"Owen Barrett","startTime":626.193,"endTime":629.163,"body":"And so we're keeping a close eye on that"},{"speaker":"Owen Barrett","startTime":626.193,"endTime":629.163,"body":"because I think at the end of the day,"},{"speaker":"Owen Barrett","startTime":629.163,"endTime":633.588,"body":"if we can offer more liquidity, the same"},{"speaker":"Owen Barrett","startTime":629.163,"endTime":633.588,"body":"investment terms, but more liquidity."},{"speaker":"Owen Barrett","startTime":633.858,"endTime":637.128,"body":"I think it's just gonna be even more in"},{"speaker":"Owen Barrett","startTime":633.858,"endTime":637.128,"body":"demand cuz a lot of people don't want"},{"speaker":"Owen Barrett","startTime":637.128,"endTime":638.778,"body":"their money locked up for five years."},{"speaker":"Tom Raftery","startTime":639.688,"endTime":641.258,"body":"Sure, sure, sure, sure."},{"speaker":"Tom Raftery","startTime":641.928,"endTime":646.848,"body":"And how are you decarbonizing"},{"speaker":"Tom Raftery","startTime":641.928,"endTime":646.848,"body":"the real estate?"},{"speaker":"Owen Barrett","startTime":648.858,"endTime":649.758,"body":"Another great question."},{"speaker":"Owen Barrett","startTime":677.298,"endTime":678.138,"body":"It depends, right?"},{"speaker":"Owen Barrett","startTime":678.138,"endTime":682.028,"body":"Not all buildings are built the same way,"},{"speaker":"Owen Barrett","startTime":678.138,"endTime":682.028,"body":"but at a high level it's energy efficiency"},{"speaker":"Owen Barrett","startTime":682.028,"endTime":683.768,"body":"first and renewable energy second."},{"speaker":"Owen Barrett","startTime":684.2080000000001,"endTime":687.8080000000001,"body":"We, so there's something now called"},{"speaker":"Owen Barrett","startTime":684.2080000000001,"endTime":687.8080000000001,"body":"the Inflation Reduction Act in"},{"speaker":"Owen Barrett","startTime":687.8080000000001,"endTime":690.0880000000001,"body":"the US, which is, yeah, amazing."},{"speaker":"Owen Barrett","startTime":690.508,"endTime":695.278,"body":"It really, you know, puts a lot"},{"speaker":"Owen Barrett","startTime":690.508,"endTime":695.278,"body":"of money behind electrifying and"},{"speaker":"Owen Barrett","startTime":695.278,"endTime":698.758,"body":"decarbonizing, which is great for us"},{"speaker":"Owen Barrett","startTime":695.278,"endTime":698.758,"body":"cuz we never anticipated that happening."},{"speaker":"Owen Barrett","startTime":698.758,"endTime":702.7180000000001,"body":"So now it's just, it makes our you"},{"speaker":"Owen Barrett","startTime":698.758,"endTime":702.7180000000001,"body":"know, our business model more valuable."},{"speaker":"Owen Barrett","startTime":703.258,"endTime":706.918,"body":"The easiest way for us to make a"},{"speaker":"Owen Barrett","startTime":703.258,"endTime":706.918,"body":"true net zero building is to take a"},{"speaker":"Owen Barrett","startTime":706.918,"endTime":710.893,"body":"property that is mostly all electric."},{"speaker":"Owen Barrett","startTime":711.133,"endTime":716.743,"body":"So at the apartment level you'll"},{"speaker":"Owen Barrett","startTime":711.133,"endTime":716.743,"body":"have electric appliances and then"},{"speaker":"Owen Barrett","startTime":716.748,"endTime":719.4430000000001,"body":"domestic hot water might be gas."},{"speaker":"Owen Barrett","startTime":719.9330000000001,"endTime":724.0730000000001,"body":"And so that's really easy for us to"},{"speaker":"Owen Barrett","startTime":719.9330000000001,"endTime":724.0730000000001,"body":"electrify the domestic hot water system."},{"speaker":"Owen Barrett","startTime":725.2130000000001,"endTime":729.9830000000001,"body":"We can electrify apartment units"},{"speaker":"Owen Barrett","startTime":725.2130000000001,"endTime":729.9830000000001,"body":"that have gas appliances, like gas"},{"speaker":"Owen Barrett","startTime":729.9830000000001,"endTime":732.623,"body":"stoves or potentially gas dryers."},{"speaker":"Owen Barrett","startTime":732.9830000000001,"endTime":738.638,"body":"The thing that we run into is, If you"},{"speaker":"Owen Barrett","startTime":732.9830000000001,"endTime":738.638,"body":"have a hundred unit apartment building and"},{"speaker":"Owen Barrett","startTime":738.638,"endTime":743.258,"body":"every apartment unit has say a hundred amp"},{"speaker":"Owen Barrett","startTime":738.638,"endTime":743.258,"body":"panel, and there's a gas stove and a gas"},{"speaker":"Owen Barrett","startTime":743.258,"endTime":748.628,"body":"dryer, and now you electrify the stove and"},{"speaker":"Owen Barrett","startTime":743.258,"endTime":748.628,"body":"dryer, you need to upsize your electric"},{"speaker":"Owen Barrett","startTime":748.633,"endTime":751.2080000000001,"body":"panel to probably 150 or 200 amps."},{"speaker":"Owen Barrett","startTime":751.4480000000001,"endTime":755.168,"body":"And so now you're upsizing a"},{"speaker":"Owen Barrett","startTime":751.4480000000001,"endTime":755.168,"body":"hundred electric panels that"},{"speaker":"Owen Barrett","startTime":755.173,"endTime":756.9680000000001,"body":"all come back to a transformer."},{"speaker":"Owen Barrett","startTime":757.418,"endTime":760.3580000000001,"body":"Now you have to increase the"},{"speaker":"Owen Barrett","startTime":757.418,"endTime":760.3580000000001,"body":"size of that transformer."},{"speaker":"Owen Barrett","startTime":760.778,"endTime":763.6880000000001,"body":"That transformer is"},{"speaker":"Owen Barrett","startTime":760.778,"endTime":763.6880000000001,"body":"usually utility property."},{"speaker":"Owen Barrett","startTime":764.033,"endTime":767.4530000000001,"body":"So now you need interaction with"},{"speaker":"Owen Barrett","startTime":764.033,"endTime":767.4530000000001,"body":"the utility, which takes a lot"},{"speaker":"Owen Barrett","startTime":767.4530000000001,"endTime":769.043,"body":"of time, is usually expensive."},{"speaker":"Owen Barrett","startTime":769.043,"endTime":774.403,"body":"So we tend to kind of cherry pick"},{"speaker":"Owen Barrett","startTime":769.043,"endTime":774.403,"body":"properties that don't require a huge"},{"speaker":"Owen Barrett","startTime":774.403,"endTime":779.5930000000001,"body":"amount of electrification just because it"},{"speaker":"Owen Barrett","startTime":774.403,"endTime":779.5930000000001,"body":"lets us operate at a scale that's faster"},{"speaker":"Owen Barrett","startTime":779.5930000000001,"endTime":781.7230000000001,"body":"and more impactful than, than otherwise."},{"speaker":"Owen Barrett","startTime":781.9630000000001,"endTime":785.6830000000001,"body":"And then part of our team has a"},{"speaker":"Owen Barrett","startTime":781.9630000000001,"endTime":785.6830000000001,"body":"ton of experience in installing"},{"speaker":"Owen Barrett","startTime":785.6830000000001,"endTime":789.013,"body":"solar, commercial solar, residential"},{"speaker":"Owen Barrett","startTime":785.6830000000001,"endTime":789.013,"body":"solar, utility scale solar."},{"speaker":"Owen Barrett","startTime":789.3330000000001,"endTime":795.5730000000001,"body":"So once we've kind of optimized a property"},{"speaker":"Owen Barrett","startTime":789.3330000000001,"endTime":795.5730000000001,"body":"from an efficiency standpoint, then we'll"},{"speaker":"Owen Barrett","startTime":795.5730000000001,"endTime":798.153,"body":"install enough renewable energy on site."},{"speaker":"Owen Barrett","startTime":798.158,"endTime":800.673,"body":"So that our properties produce"},{"speaker":"Owen Barrett","startTime":798.158,"endTime":800.673,"body":"as much clean energy as they"},{"speaker":"Owen Barrett","startTime":800.673,"endTime":802.533,"body":"consume on an annual basis."},{"speaker":"Tom Raftery","startTime":804.003,"endTime":804.393,"body":"Okay."},{"speaker":"Tom Raftery","startTime":804.9630000000001,"endTime":809.7330000000001,"body":"That's gotta be challenging though,"},{"speaker":"Tom Raftery","startTime":804.9630000000001,"endTime":809.7330000000001,"body":"because if you are looking at a, for"},{"speaker":"Tom Raftery","startTime":809.7330000000001,"endTime":812.7030000000001,"body":"example, 50 unit apartment complex."},{"speaker":"Tom Raftery","startTime":813.0780000000001,"endTime":818.658,"body":"Or even a 20 unit apartment complex,"},{"speaker":"Tom Raftery","startTime":813.0780000000001,"endTime":818.658,"body":"where will you get the space to install"},{"speaker":"Tom Raftery","startTime":818.7180000000001,"endTime":823.9380000000001,"body":"enough solar to provide enough renewable"},{"speaker":"Tom Raftery","startTime":818.7180000000001,"endTime":823.9380000000001,"body":"energy for those 20 apartments?"},{"speaker":"Owen Barrett","startTime":824.988,"endTime":828.288,"body":"So we generally look"},{"speaker":"Owen Barrett","startTime":824.988,"endTime":828.288,"body":"for garden style apartments, which"},{"speaker":"Owen Barrett","startTime":828.288,"endTime":829.6980000000001,"body":"are usually one or two story."},{"speaker":"Owen Barrett","startTime":830.148,"endTime":832.158,"body":"And we do that because"},{"speaker":"Owen Barrett","startTime":830.148,"endTime":832.158,"body":"there's a lot of roof space."},{"speaker":"Owen Barrett","startTime":832.378,"endTime":836.2180000000001,"body":"It's more cost effective to install solar"},{"speaker":"Owen Barrett","startTime":832.378,"endTime":836.2180000000001,"body":"on the roof than it is in a parking lot."},{"speaker":"Owen Barrett","startTime":836.5630000000001,"endTime":839.4730000000001,"body":"And so we can usually fit all the"},{"speaker":"Owen Barrett","startTime":836.5630000000001,"endTime":839.4730000000001,"body":"solar that we need on the roof again,"},{"speaker":"Owen Barrett","startTime":839.4730000000001,"endTime":840.613,"body":"because we know what to look for."},{"speaker":"Owen Barrett","startTime":840.613,"endTime":843.3430000000001,"body":"We know how to identify properties"},{"speaker":"Owen Barrett","startTime":840.613,"endTime":843.3430000000001,"body":"that have enough roof space."},{"speaker":"Owen Barrett","startTime":843.8130000000001,"endTime":848.9430000000001,"body":"But it's also nice to install solar"},{"speaker":"Owen Barrett","startTime":843.8130000000001,"endTime":848.9430000000001,"body":"in a parking lot in the right markets"},{"speaker":"Owen Barrett","startTime":848.9430000000001,"endTime":853.263,"body":"because sometimes there's actually"},{"speaker":"Owen Barrett","startTime":848.9430000000001,"endTime":853.263,"body":"a, a premium to covered parking."},{"speaker":"Owen Barrett","startTime":853.4630000000001,"endTime":853.883,"body":"Mm-hmm."},{"speaker":"Owen Barrett","startTime":853.9680000000001,"endTime":858.2130000000001,"body":"So it may be a little bit more"},{"speaker":"Owen Barrett","startTime":853.9680000000001,"endTime":858.2130000000001,"body":"expensive on a per watt basis to"},{"speaker":"Owen Barrett","startTime":858.2130000000001,"endTime":860.763,"body":"install carports than solar on the roof."},{"speaker":"Owen Barrett","startTime":861.423,"endTime":865.4730000000001,"body":"But if you're getting 50 to a hundred"},{"speaker":"Owen Barrett","startTime":861.423,"endTime":865.4730000000001,"body":"bucks a month from tenants for covered"},{"speaker":"Owen Barrett","startTime":865.4730000000001,"endTime":870.1030000000001,"body":"parking, now all of a sudden the,"},{"speaker":"Owen Barrett","startTime":865.4730000000001,"endTime":870.1030000000001,"body":"the cost effectiveness of carport"},{"speaker":"Owen Barrett","startTime":870.1030000000001,"endTime":871.873,"body":"solar is better than rooftop solar."},{"speaker":"Owen Barrett","startTime":872.293,"endTime":874.0630000000001,"body":"The other big thing is EVs."},{"speaker":"Owen Barrett","startTime":874.4830000000001,"endTime":879.8230000000001,"body":"So electric vehicle charging is"},{"speaker":"Owen Barrett","startTime":874.4830000000001,"endTime":879.8230000000001,"body":"probably the most in demand amenity"},{"speaker":"Owen Barrett","startTime":879.9730000000001,"endTime":881.533,"body":"in multifamily housing right now."},{"speaker":"Owen Barrett","startTime":881.9530000000001,"endTime":882.043,"body":"Mm-hmm."},{"speaker":"Owen Barrett","startTime":882.043,"endTime":886.753,"body":"Of course, no owner is ready for this,"},{"speaker":"Owen Barrett","startTime":882.043,"endTime":886.753,"body":"for this pressure from potential tenants,"},{"speaker":"Owen Barrett","startTime":887.173,"endTime":890.293,"body":"and so with, with solar in carports."},{"speaker":"Owen Barrett","startTime":890.8030000000001,"endTime":894.7130000000001,"body":"You're, you know, you're already"},{"speaker":"Owen Barrett","startTime":890.8030000000001,"endTime":894.7130000000001,"body":"trenching back to your electrical service."},{"speaker":"Owen Barrett","startTime":895.4330000000001,"endTime":900.0530000000001,"body":"So it offers this really, sort of"},{"speaker":"Owen Barrett","startTime":895.4330000000001,"endTime":900.0530000000001,"body":"seamless way to also install EV chargers."},{"speaker":"Owen Barrett","startTime":900.4330000000001,"endTime":905.8330000000001,"body":"So there's a lot of, of different sort"},{"speaker":"Owen Barrett","startTime":900.4330000000001,"endTime":905.8330000000001,"body":"of variables that go into the decision,"},{"speaker":"Owen Barrett","startTime":905.923,"endTime":910.1830000000001,"body":"but we've never, we've never bought a"},{"speaker":"Owen Barrett","startTime":905.923,"endTime":910.1830000000001,"body":"property that we couldn't install enough"},{"speaker":"Owen Barrett","startTime":910.1830000000001,"endTime":913.243,"body":"solar on to offset an annual load."},{"speaker":"Owen Barrett","startTime":913.393,"endTime":916.4830000000001,"body":"But we're also not buying, you know,"},{"speaker":"Owen Barrett","startTime":913.393,"endTime":916.4830000000001,"body":"we're not buying high rises or mid rises."},{"speaker":"Owen Barrett","startTime":916.513,"endTime":918.643,"body":"We're specifically targeting garden style."},{"speaker":"Tom Raftery","startTime":919.543,"endTime":919.873,"body":"Okay."},{"speaker":"Tom Raftery","startTime":920.3530000000001,"endTime":920.6830000000001,"body":"Okay."},{"speaker":"Tom Raftery","startTime":920.8030000000001,"endTime":921.133,"body":"Okay."},{"speaker":"Tom Raftery","startTime":921.8230000000001,"endTime":929.743,"body":"And what then, do you flip the properties"},{"speaker":"Tom Raftery","startTime":921.8230000000001,"endTime":929.743,"body":"or do you hold them, or what do you do?"},{"speaker":"Owen Barrett","startTime":931.0930000000001,"endTime":932.5630000000001,"body":"Yeah, so"},{"speaker":"Owen Barrett","startTime":931.0930000000001,"endTime":932.5630000000001,"body":"this is interesting."},{"speaker":"Owen Barrett","startTime":932.5630000000001,"endTime":936.7030000000001,"body":"We, so when I started the first"},{"speaker":"Owen Barrett","startTime":932.5630000000001,"endTime":936.7030000000001,"body":"company that was really focused"},{"speaker":"Owen Barrett","startTime":936.7030000000001,"endTime":940.1830000000001,"body":"on buying and decarbonizing"},{"speaker":"Owen Barrett","startTime":936.7030000000001,"endTime":940.1830000000001,"body":"properties, it's called ZNE Capital."},{"speaker":"Owen Barrett","startTime":940.9630000000001,"endTime":944.4430000000001,"body":"It was started entirely as"},{"speaker":"Owen Barrett","startTime":940.9630000000001,"endTime":944.4430000000001,"body":"an environmental company."},{"speaker":"Owen Barrett","startTime":944.9530000000001,"endTime":948.283,"body":"And really that's because I didn't"},{"speaker":"Owen Barrett","startTime":944.9530000000001,"endTime":948.283,"body":"have a clue about real, the real estate"},{"speaker":"Owen Barrett","startTime":948.283,"endTime":950.7130000000001,"body":"industry, but I'll never forget this."},{"speaker":"Owen Barrett","startTime":950.7130000000001,"endTime":955.2230000000001,"body":"I went to it was like a 35 million"},{"speaker":"Owen Barrett","startTime":950.7130000000001,"endTime":955.2230000000001,"body":"apartment building in Mesquite,"},{"speaker":"Owen Barrett","startTime":955.2230000000001,"endTime":957.533,"body":"Texas that was listed for sale."},{"speaker":"Owen Barrett","startTime":958.123,"endTime":963.373,"body":"And it was the fourth time in 10 years"},{"speaker":"Owen Barrett","startTime":958.123,"endTime":963.373,"body":"that the same broker was selling it."},{"speaker":"Owen Barrett","startTime":964.0630000000001,"endTime":964.123,"body":"Wow."},{"speaker":"Owen Barrett","startTime":965.113,"endTime":969.883,"body":"So every two and a half years, an"},{"speaker":"Owen Barrett","startTime":965.113,"endTime":969.883,"body":"investing group, investment group"},{"speaker":"Owen Barrett","startTime":970.3030000000001,"endTime":972.133,"body":"would come in and buy the property."},{"speaker":"Owen Barrett","startTime":972.523,"endTime":975.6830000000001,"body":"They're trying to hit,"},{"speaker":"Owen Barrett","startTime":972.523,"endTime":975.6830000000001,"body":"you know, 15 to 20% IRR."},{"speaker":"Owen Barrett","startTime":975.7030000000001,"endTime":977.5630000000001,"body":"All these investment groups are the same."},{"speaker":"Owen Barrett","startTime":978.1930000000001,"endTime":980.363,"body":"They're trying to hit a 15 to 20% IRR."},{"speaker":"Owen Barrett","startTime":980.383,"endTime":985.3330000000001,"body":"The way that you do that is you, you"},{"speaker":"Owen Barrett","startTime":980.383,"endTime":985.3330000000001,"body":"increase revenue and you cut expenses."},{"speaker":"Owen Barrett","startTime":985.6030000000001,"endTime":988.753,"body":"Well, increasing revenue means"},{"speaker":"Owen Barrett","startTime":985.6030000000001,"endTime":988.753,"body":"you're increasing rent and cut"},{"speaker":"Owen Barrett","startTime":988.753,"endTime":991.753,"body":"expenses means that you're making"},{"speaker":"Owen Barrett","startTime":988.753,"endTime":991.753,"body":"the property worse to live at."},{"speaker":"Owen Barrett","startTime":991.753,"endTime":993.613,"body":"You're, you know, you're"},{"speaker":"Owen Barrett","startTime":991.753,"endTime":993.613,"body":"cutting services generally."},{"speaker":"Owen Barrett","startTime":994.393,"endTime":1000.273,"body":"So every two and a half years,"},{"speaker":"Owen Barrett","startTime":994.393,"endTime":1000.273,"body":"tenants were basically facing high"},{"speaker":"Owen Barrett","startTime":1000.273,"endTime":1005.4280000000001,"body":"rent increases, new ownership their"},{"speaker":"Owen Barrett","startTime":1000.273,"endTime":1005.4280000000001,"body":"service requests were not being"},{"speaker":"Owen Barrett","startTime":1005.4280000000001,"endTime":1008.128,"body":"fulfilled and I couldn't believe it."},{"speaker":"Owen Barrett","startTime":1008.638,"endTime":1013.498,"body":"And that day I decided I'm never"},{"speaker":"Owen Barrett","startTime":1008.638,"endTime":1013.498,"body":"gonna be a short term apartment owner."},{"speaker":"Owen Barrett","startTime":1013.738,"endTime":1018.4480000000001,"body":"I'm always gonna hold for the long"},{"speaker":"Owen Barrett","startTime":1013.738,"endTime":1018.4480000000001,"body":"term because this simple act of just"},{"speaker":"Owen Barrett","startTime":1018.4480000000001,"endTime":1023.278,"body":"holding for 10 years gives tenants"},{"speaker":"Owen Barrett","startTime":1018.4480000000001,"endTime":1023.278,"body":"stability for 10 years, right?"},{"speaker":"Owen Barrett","startTime":1023.668,"endTime":1028.933,"body":"And so you can introduce this massive"},{"speaker":"Owen Barrett","startTime":1023.668,"endTime":1028.933,"body":"social impact without doing anything"},{"speaker":"Owen Barrett","startTime":1029.053,"endTime":1031.273,"body":"beyond just holding the property longer."},{"speaker":"Owen Barrett","startTime":1031.813,"endTime":1038.323,"body":"And it seems obvious to us, like"},{"speaker":"Owen Barrett","startTime":1031.813,"endTime":1038.323,"body":"we can't be an impactful company if"},{"speaker":"Owen Barrett","startTime":1038.323,"endTime":1041.773,"body":"we're, if we're disregarding social"},{"speaker":"Owen Barrett","startTime":1038.323,"endTime":1041.773,"body":"impact, it's just hypocritical."},{"speaker":"Owen Barrett","startTime":1041.773,"endTime":1044.413,"body":"So we try and hold for at least 10 years."},{"speaker":"Owen Barrett","startTime":1044.413,"endTime":1048.193,"body":"In a perfect world, we'd hold forever,"},{"speaker":"Owen Barrett","startTime":1044.413,"endTime":1048.193,"body":"but you know, a lot of our equity"},{"speaker":"Owen Barrett","startTime":1048.193,"endTime":1049.783,"body":"partners don't want us to do that."},{"speaker":"Owen Barrett","startTime":1049.783,"endTime":1052.483,"body":"They wanna get their money back, they"},{"speaker":"Owen Barrett","startTime":1049.783,"endTime":1052.483,"body":"wanna get a certain return on their money."},{"speaker":"Owen Barrett","startTime":1052.483,"endTime":1055.843,"body":"So if we can figure out"},{"speaker":"Owen Barrett","startTime":1052.483,"endTime":1055.843,"body":"this tokenization angle."},{"speaker":"Owen Barrett","startTime":1056.308,"endTime":1059.248,"body":"We can figure out how to offer"},{"speaker":"Owen Barrett","startTime":1056.308,"endTime":1059.248,"body":"liquidity to these retail investors"},{"speaker":"Owen Barrett","startTime":1059.248,"endTime":1061.228,"body":"that are investing $250 there."},{"speaker":"Owen Barrett","startTime":1061.258,"endTime":1066.508,"body":"I mean, there's a, a real opportunity"},{"speaker":"Owen Barrett","startTime":1061.258,"endTime":1066.508,"body":"to create a vehicle that buys"},{"speaker":"Owen Barrett","startTime":1066.6280000000002,"endTime":1070.6480000000001,"body":"and decarbonises properties"},{"speaker":"Owen Barrett","startTime":1066.6280000000002,"endTime":1070.6480000000001,"body":"and, and has this whole host of"},{"speaker":"Owen Barrett","startTime":1070.6480000000001,"endTime":1072.688,"body":"social impacts in perpetuity."},{"speaker":"Owen Barrett","startTime":1073.178,"endTime":1077.228,"body":"And that to me is like, that's what real"},{"speaker":"Owen Barrett","startTime":1073.178,"endTime":1077.228,"body":"estate, that's how real estate investors"},{"speaker":"Owen Barrett","startTime":1077.228,"endTime":1078.998,"body":"should be looking at these communities."},{"speaker":"Owen Barrett","startTime":1078.998,"endTime":1081.248,"body":"But not a lot of groups are."},{"speaker":"Tom Raftery","startTime":1081.953,"endTime":1082.2530000000002,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1082.403,"endTime":1082.553,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1082.553,"endTime":1086.7730000000001,"body":"No, there's a lot of short-termism"},{"speaker":"Tom Raftery","startTime":1082.553,"endTime":1086.7730000000001,"body":"out there, which yeah doesn't work in"},{"speaker":"Tom Raftery","startTime":1086.7730000000001,"endTime":1088.303,"body":"most people's favor, I gotta think."},{"speaker":"Owen Barrett","startTime":1089.353,"endTime":1089.683,"body":"No."},{"speaker":"Owen Barrett","startTime":1089.683,"endTime":1089.893,"body":"Yeah."},{"speaker":"Owen Barrett","startTime":1089.8980000000001,"endTime":1092.163,"body":"It's pretty sad when you think"},{"speaker":"Owen Barrett","startTime":1089.8980000000001,"endTime":1092.163,"body":"about it, but I mean, it leaves"},{"speaker":"Owen Barrett","startTime":1092.163,"endTime":1095.0430000000001,"body":"an opportunity on the table too to"},{"speaker":"Owen Barrett","startTime":1092.163,"endTime":1095.0430000000001,"body":"really solve a, a major problem."},{"speaker":"Tom Raftery","startTime":1096.5230000000001,"endTime":1096.7630000000001,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1096.768,"endTime":1096.913,"body":"Yep."},{"speaker":"Tom Raftery","startTime":1097.7730000000001,"endTime":1097.9930000000002,"body":"You."},{"speaker":"Tom Raftery","startTime":1099.913,"endTime":1104.7730000000001,"body":"Are from how you're describing"},{"speaker":"Tom Raftery","startTime":1099.913,"endTime":1104.7730000000001,"body":"it, you, your process means you're"},{"speaker":"Tom Raftery","startTime":1104.7730000000001,"endTime":1109.423,"body":"quite picky about the properties"},{"speaker":"Tom Raftery","startTime":1104.7730000000001,"endTime":1109.423,"body":"that you buy necessarily."},{"speaker":"Tom Raftery","startTime":1109.7830000000001,"endTime":1114.973,"body":"Low rises, X number of tenants,"},{"speaker":"Tom Raftery","startTime":1109.7830000000001,"endTime":1114.973,"body":"enough roof space, not too, not,"},{"speaker":"Tom Raftery","startTime":1115.0030000000002,"endTime":1116.473,"body":"not too many gas appliances."},{"speaker":"Tom Raftery","startTime":1117.4270000000001,"endTime":1122.527,"body":"That's kind of in conflict"},{"speaker":"Tom Raftery","startTime":1117.4270000000001,"endTime":1122.527,"body":"with your aim of decarbonizing"},{"speaker":"Tom Raftery","startTime":1122.527,"endTime":1124.747,"body":"all real estate stock, no?"},{"speaker":"Owen Barrett","startTime":1126.457,"endTime":1127.027,"body":"Not really."},{"speaker":"Owen Barrett","startTime":1127.027,"endTime":1131.047,"body":"I mean, there's hundreds of billions"},{"speaker":"Owen Barrett","startTime":1127.027,"endTime":1131.047,"body":"of dollars of properties that, that fit"},{"speaker":"Owen Barrett","startTime":1131.047,"endTime":1133.6970000000001,"body":"exactly our model that we could buy."},{"speaker":"Owen Barrett","startTime":1133.6970000000001,"endTime":1136.337,"body":"I mean, the reality is we"},{"speaker":"Owen Barrett","startTime":1133.6970000000001,"endTime":1136.337,"body":"don't have enough money."},{"speaker":"Owen Barrett","startTime":1136.3970000000002,"endTime":1139.9370000000001,"body":"We don't have enough time to"},{"speaker":"Owen Barrett","startTime":1136.3970000000002,"endTime":1139.9370000000001,"body":"decarbonize all of the properties"},{"speaker":"Owen Barrett","startTime":1139.9370000000001,"endTime":1142.547,"body":"that fit our like our box."},{"speaker":"Owen Barrett","startTime":1142.5520000000001,"endTime":1142.637,"body":"Right?"},{"speaker":"Owen Barrett","startTime":1143.1470000000002,"endTime":1146.777,"body":"What we need is we need other"},{"speaker":"Owen Barrett","startTime":1143.1470000000002,"endTime":1146.777,"body":"people to, to understand what"},{"speaker":"Owen Barrett","startTime":1146.777,"endTime":1148.337,"body":"we're doing and to copy us."},{"speaker":"Owen Barrett","startTime":1148.607,"endTime":1151.817,"body":"And we actually just, you know, we've"},{"speaker":"Owen Barrett","startTime":1148.607,"endTime":1151.817,"body":"been doing this for, since 2017."},{"speaker":"Owen Barrett","startTime":1152.227,"endTime":1157.472,"body":"About two or three months ago an American"},{"speaker":"Owen Barrett","startTime":1152.227,"endTime":1157.472,"body":"billionaire Tom Steyer announced that"},{"speaker":"Owen Barrett","startTime":1157.472,"endTime":1159.122,"body":"he was gonna do the exact same model."},{"speaker":"Owen Barrett","startTime":1159.152,"endTime":1162.422,"body":"And a lot of people reached out to me when"},{"speaker":"Owen Barrett","startTime":1159.152,"endTime":1162.422,"body":"these, these headlines started coming out."},{"speaker":"Owen Barrett","startTime":1162.722,"endTime":1166.502,"body":"You know, asking if, are you guys scared,"},{"speaker":"Owen Barrett","startTime":1162.722,"endTime":1166.502,"body":"Tom Steyer's copying your business model?"},{"speaker":"Owen Barrett","startTime":1166.502,"endTime":1168.122,"body":"And we're like, no, this is great."},{"speaker":"Owen Barrett","startTime":1168.122,"endTime":1171.902,"body":"Like, let's, hopefully Tom does this"},{"speaker":"Owen Barrett","startTime":1168.122,"endTime":1171.902,"body":"and other real estate owners do this and"},{"speaker":"Owen Barrett","startTime":1171.902,"endTime":1176.132,"body":"everyone does this because the reality is"},{"speaker":"Owen Barrett","startTime":1171.902,"endTime":1176.132,"body":"we're not gonna make a drop in the bucket."},{"speaker":"Owen Barrett","startTime":1176.192,"endTime":1181.097,"body":"I mean, we're gonna have a tiny little"},{"speaker":"Owen Barrett","startTime":1176.192,"endTime":1181.097,"body":"impact even if we hit massive scale."},{"speaker":"Owen Barrett","startTime":1181.097,"endTime":1183.977,"body":"We could buy a hundred thousand apartment"},{"speaker":"Owen Barrett","startTime":1181.097,"endTime":1183.977,"body":"units and it's still drop in the bucket."},{"speaker":"Owen Barrett","startTime":1183.977,"endTime":1186.347,"body":"So we need other people to copy us."},{"speaker":"Owen Barrett","startTime":1186.347,"endTime":1189.1670000000001,"body":"We need other people to, you know,"},{"speaker":"Owen Barrett","startTime":1186.347,"endTime":1189.1670000000001,"body":"reach out, ask us how are you"},{"speaker":"Owen Barrett","startTime":1189.172,"endTime":1190.547,"body":"guys decarbonizing properties?"},{"speaker":"Owen Barrett","startTime":1190.547,"endTime":1192.9470000000001,"body":"How are you getting the,"},{"speaker":"Owen Barrett","startTime":1190.547,"endTime":1192.9470000000001,"body":"the economics to work out?"},{"speaker":"Owen Barrett","startTime":1193.307,"endTime":1196.067,"body":"Because ultimately it's gonna take a"},{"speaker":"Owen Barrett","startTime":1193.307,"endTime":1196.067,"body":"lot more apartment owners than just"},{"speaker":"Owen Barrett","startTime":1196.067,"endTime":1200.497,"body":"us to really make a big dent on, on"},{"speaker":"Owen Barrett","startTime":1196.067,"endTime":1200.497,"body":"emissions from this from the sector."},{"speaker":"Tom Raftery","startTime":1201.457,"endTime":1201.9070000000002,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1202.597,"endTime":1203.9170000000001,"body":"And where to next?"},{"speaker":"Tom Raftery","startTime":1203.9170000000001,"endTime":1207.097,"body":"I mean, what, what's, what's"},{"speaker":"Tom Raftery","startTime":1203.9170000000001,"endTime":1207.097,"body":"your kind of five, 10 year plan?"},{"speaker":"Owen Barrett","startTime":1207.1470000000002,"endTime":1209.047,"body":"Well, you know,"},{"speaker":"Owen Barrett","startTime":1207.1470000000002,"endTime":1209.047,"body":"we just launched Rayven."},{"speaker":"Owen Barrett","startTime":1209.1770000000001,"endTime":1211.067,"body":"So Ray ven's interesting."},{"speaker":"Owen Barrett","startTime":1211.067,"endTime":1214.3970000000002,"body":"It's within real estate investing,"},{"speaker":"Owen Barrett","startTime":1211.067,"endTime":1214.3970000000002,"body":"there's a couple different ways"},{"speaker":"Owen Barrett","startTime":1214.3970000000002,"endTime":1215.987,"body":"that you can legally raise money."},{"speaker":"Owen Barrett","startTime":1216.737,"endTime":1222.527,"body":"There's something called regulation"},{"speaker":"Owen Barrett","startTime":1216.737,"endTime":1222.527,"body":"D, so whenever you solicit funds from"},{"speaker":"Owen Barrett","startTime":1222.527,"endTime":1227.53,"body":"investors, it has to be approved by"},{"speaker":"Owen Barrett","startTime":1222.527,"endTime":1227.53,"body":"the SEC or qualified by the SEC as"},{"speaker":"Owen Barrett","startTime":1227.53,"endTime":1228.94,"body":"securities and exchange commission."},{"speaker":"Owen Barrett","startTime":1229.51,"endTime":1234.8200000000002,"body":"And so regulation d as in"},{"speaker":"Owen Barrett","startTime":1229.51,"endTime":1234.8200000000002,"body":"dog, there are two options."},{"speaker":"Owen Barrett","startTime":1234.8500000000001,"endTime":1239.98,"body":"There's a 5 0 6 B and a"},{"speaker":"Owen Barrett","startTime":1234.8500000000001,"endTime":1239.98,"body":"5 0 6 C and the 5 0 6 B."},{"speaker":"Owen Barrett","startTime":1240.64,"endTime":1243.01,"body":"And both of them are really"},{"speaker":"Owen Barrett","startTime":1240.64,"endTime":1243.01,"body":"easy to do super fast."},{"speaker":"Owen Barrett","startTime":1243.04,"endTime":1246.795,"body":"You know, couple weeks you can have a a"},{"speaker":"Owen Barrett","startTime":1243.04,"endTime":1246.795,"body":"one of these exemptions up and running."},{"speaker":"Owen Barrett","startTime":1247.315,"endTime":1252.175,"body":"But a 5 0 6 B, you cannot"},{"speaker":"Owen Barrett","startTime":1247.315,"endTime":1252.175,"body":"market, but you can take money"},{"speaker":"Owen Barrett","startTime":1252.175,"endTime":1253.9450000000002,"body":"from non-accredited investors."},{"speaker":"Owen Barrett","startTime":1254.005,"endTime":1255.835,"body":"So it's really like a"},{"speaker":"Owen Barrett","startTime":1254.005,"endTime":1255.835,"body":"friends or family round."},{"speaker":"Owen Barrett","startTime":1255.865,"endTime":1259.885,"body":"So, The nice part of that is"},{"speaker":"Owen Barrett","startTime":1255.865,"endTime":1259.885,"body":"you're legally allowed to take"},{"speaker":"Owen Barrett","startTime":1259.885,"endTime":1261.175,"body":"money from friends and family."},{"speaker":"Owen Barrett","startTime":1261.7150000000001,"endTime":1264.415,"body":"The bad part about that is"},{"speaker":"Owen Barrett","startTime":1261.7150000000001,"endTime":1264.415,"body":"you, you can't market it."},{"speaker":"Owen Barrett","startTime":1264.415,"endTime":1268.4950000000001,"body":"So your ability to raise money is"},{"speaker":"Owen Barrett","startTime":1264.415,"endTime":1268.4950000000001,"body":"confined by your personal ecosystem,"},{"speaker":"Owen Barrett","startTime":1268.5,"endTime":1270.025,"body":"like your personal Rolodex."},{"speaker":"Owen Barrett","startTime":1270.355,"endTime":1273.025,"body":"I don't have a lot of really rich"},{"speaker":"Owen Barrett","startTime":1270.355,"endTime":1273.025,"body":"friends and family, so that for"},{"speaker":"Owen Barrett","startTime":1273.03,"endTime":1274.825,"body":"us, wasn't, wasn't gonna work."},{"speaker":"Owen Barrett","startTime":1275.305,"endTime":1281.9950000000001,"body":"And then the 5 0 6 C as in cat, You"},{"speaker":"Owen Barrett","startTime":1275.305,"endTime":1281.9950000000001,"body":"can market that, but you can only take"},{"speaker":"Owen Barrett","startTime":1281.9950000000001,"endTime":1285.805,"body":"money from accredited investors who"},{"speaker":"Owen Barrett","startTime":1281.9950000000001,"endTime":1285.805,"body":"are people with a net worth exceeding"},{"speaker":"Owen Barrett","startTime":1285.805,"endTime":1289.375,"body":"a million dollars, excluding their"},{"speaker":"Owen Barrett","startTime":1285.805,"endTime":1289.375,"body":"primary residence, or they're making,"},{"speaker":"Owen Barrett","startTime":1289.765,"endTime":1292.075,"body":"you know, two to $300,000 a year."},{"speaker":"Owen Barrett","startTime":1292.375,"endTime":1294.7150000000001,"body":"It's not the majority of Americans."},{"speaker":"Owen Barrett","startTime":1294.72,"endTime":1294.795,"body":"Mm-hmm."},{"speaker":"Owen Barrett","startTime":1294.875,"endTime":1296.905,"body":"Most Americans are not"},{"speaker":"Owen Barrett","startTime":1294.875,"endTime":1296.905,"body":"accredited investors."},{"speaker":"Owen Barrett","startTime":1297.775,"endTime":1299.9950000000001,"body":"So, but that one's really nice"},{"speaker":"Owen Barrett","startTime":1297.775,"endTime":1299.9950000000001,"body":"because you can market it."},{"speaker":"Owen Barrett","startTime":1301.03,"endTime":1303.64,"body":"The other option that people have"},{"speaker":"Owen Barrett","startTime":1301.03,"endTime":1303.64,"body":"is something called Regulation"},{"speaker":"Owen Barrett","startTime":1303.64,"endTime":1305.67,"body":"A which is called the Mini IPO."},{"speaker":"Owen Barrett","startTime":1305.69,"endTime":1306.38,"body":"That's a nickname."},{"speaker":"Owen Barrett","startTime":1306.44,"endTime":1311.18,"body":"So the idea was to, and this"},{"speaker":"Owen Barrett","startTime":1306.44,"endTime":1311.18,"body":"came outta Obama's 2012 Jobs Act."},{"speaker":"Owen Barrett","startTime":1312.1100000000001,"endTime":1315.77,"body":"The idea was to offer liquidity"},{"speaker":"Owen Barrett","startTime":1312.1100000000001,"endTime":1315.77,"body":"to small companies, small private"},{"speaker":"Owen Barrett","startTime":1315.77,"endTime":1320.29,"body":"companies in sort of a more cost"},{"speaker":"Owen Barrett","startTime":1315.77,"endTime":1320.29,"body":"effective manner than raising an IPO."},{"speaker":"Owen Barrett","startTime":1320.4,"endTime":1326.4,"body":"And so, now we can market our opportunity"},{"speaker":"Owen Barrett","startTime":1320.4,"endTime":1326.4,"body":"and take money from non-accredited"},{"speaker":"Owen Barrett","startTime":1326.4,"endTime":1328.0800000000002,"body":"investors, take investment from them."},{"speaker":"Owen Barrett","startTime":1328.0800000000002,"endTime":1330.06,"body":"So it's sort of the best of both worlds."},{"speaker":"Owen Barrett","startTime":1330.54,"endTime":1335.43,"body":"The downside is, even though they"},{"speaker":"Owen Barrett","startTime":1330.54,"endTime":1335.43,"body":"tried to, to structure this regulation"},{"speaker":"Owen Barrett","startTime":1335.43,"endTime":1338.97,"body":"A, so it's more cost effective than"},{"speaker":"Owen Barrett","startTime":1335.43,"endTime":1338.97,"body":"an IPO, which it is, you know, it"},{"speaker":"Owen Barrett","startTime":1338.97,"endTime":1342.27,"body":"takes about a year and it takes"},{"speaker":"Owen Barrett","startTime":1338.97,"endTime":1342.27,"body":"hundreds of thousands of dollars."},{"speaker":"Owen Barrett","startTime":1342.8700000000001,"endTime":1343.92,"body":"It's not free."},{"speaker":"Owen Barrett","startTime":1344.3400000000001,"endTime":1349.185,"body":"So we just got our SEC qualification,"},{"speaker":"Owen Barrett","startTime":1344.3400000000001,"endTime":1349.185,"body":"so, at the end of March."},{"speaker":"Owen Barrett","startTime":1349.2450000000001,"endTime":1352.545,"body":"So we started legally raising"},{"speaker":"Owen Barrett","startTime":1349.2450000000001,"endTime":1352.545,"body":"money and marketing in April."},{"speaker":"Owen Barrett","startTime":1353.055,"endTime":1354.405,"body":"And we're, you know, it's working."},{"speaker":"Owen Barrett","startTime":1354.405,"endTime":1356.595,"body":"It's, it's going, we have"},{"speaker":"Owen Barrett","startTime":1354.405,"endTime":1356.595,"body":"marketing all over the place,"},{"speaker":"Owen Barrett","startTime":1356.595,"endTime":1358.2450000000001,"body":"all over social media channels."},{"speaker":"Owen Barrett","startTime":1358.2450000000001,"endTime":1361.305,"body":"We're bringing in investment, we're having"},{"speaker":"Owen Barrett","startTime":1358.2450000000001,"endTime":1361.305,"body":"webinars, we're talking to investors."},{"speaker":"Owen Barrett","startTime":1361.305,"endTime":1362.085,"body":"I mean, it's really cool."},{"speaker":"Owen Barrett","startTime":1362.0900000000001,"endTime":1366.165,"body":"But I say all that because we're"},{"speaker":"Owen Barrett","startTime":1362.0900000000001,"endTime":1366.165,"body":"at the very early days of our"},{"speaker":"Owen Barrett","startTime":1366.165,"endTime":1369.625,"body":"first Regulation A offering, this"},{"speaker":"Owen Barrett","startTime":1366.165,"endTime":1369.625,"body":"brand new business model of Rayven."},{"speaker":"Owen Barrett","startTime":1370.545,"endTime":1374.4650000000001,"body":"If it's successful, which I hope it"},{"speaker":"Owen Barrett","startTime":1370.545,"endTime":1374.4650000000001,"body":"is, I think it will be We're just"},{"speaker":"Owen Barrett","startTime":1374.4650000000001,"endTime":1378.005,"body":"gonna have Regulation A offering"},{"speaker":"Owen Barrett","startTime":1374.4650000000001,"endTime":1378.005,"body":"after Regulation A offering, you"},{"speaker":"Owen Barrett","startTime":1378.005,"endTime":1379.505,"body":"know, keep buying multifamily."},{"speaker":"Owen Barrett","startTime":1379.505,"endTime":1381.545,"body":"We may go into different asset classes."},{"speaker":"Owen Barrett","startTime":1381.845,"endTime":1385.565,"body":"Industrial is really interesting cuz"},{"speaker":"Owen Barrett","startTime":1381.845,"endTime":1385.565,"body":"they're, you know, huge warehouses"},{"speaker":"Owen Barrett","startTime":1385.625,"endTime":1389.4950000000001,"body":"with a ton of roof space and"},{"speaker":"Owen Barrett","startTime":1385.625,"endTime":1389.4950000000001,"body":"almost none of them have solar."},{"speaker":"Owen Barrett","startTime":1390.035,"endTime":1390.125,"body":"Yeah."},{"speaker":"Owen Barrett","startTime":1390.2250000000001,"endTime":1395.2050000000002,"body":"And so I think for us, if this first one"},{"speaker":"Owen Barrett","startTime":1390.2250000000001,"endTime":1395.2050000000002,"body":"is successful, it's figuring out how to,"},{"speaker":"Owen Barrett","startTime":1395.265,"endTime":1397.605,"body":"how to build this piece out and scale."},{"speaker":"Owen Barrett","startTime":1397.605,"endTime":1400.065,"body":"So we keep buying a lot"},{"speaker":"Owen Barrett","startTime":1397.605,"endTime":1400.065,"body":"of multifamily properties."},{"speaker":"Owen Barrett","startTime":1400.74,"endTime":1403.92,"body":"Then it's also figuring out how to"},{"speaker":"Owen Barrett","startTime":1400.74,"endTime":1403.92,"body":"go to go into different asset classes"},{"speaker":"Owen Barrett","startTime":1403.92,"endTime":1407.4,"body":"because there really are some, some"},{"speaker":"Owen Barrett","startTime":1403.92,"endTime":1407.4,"body":"really interesting asset classes."},{"speaker":"Owen Barrett","startTime":1407.4,"endTime":1408.42,"body":"Industrial's one."},{"speaker":"Owen Barrett","startTime":1408.67,"endTime":1410.68,"body":"Conditioned self-storage is another."},{"speaker":"Owen Barrett","startTime":1410.77,"endTime":1413.98,"body":"So, you know, you see these"},{"speaker":"Owen Barrett","startTime":1410.77,"endTime":1413.98,"body":"huge self-storage facilities"},{"speaker":"Owen Barrett","startTime":1414.15,"endTime":1415.44,"body":"that are climate controlled."},{"speaker":"Owen Barrett","startTime":1415.8300000000002,"endTime":1417.9,"body":"Huge roof space, no solar."},{"speaker":"Owen Barrett","startTime":1418.27,"endTime":1422.045,"body":"So it's just, there's a lot of"},{"speaker":"Owen Barrett","startTime":1418.27,"endTime":1422.045,"body":"obvious places that we can go next,"},{"speaker":"Owen Barrett","startTime":1422.525,"endTime":1426.2150000000001,"body":"but we gotta make sure that this"},{"speaker":"Owen Barrett","startTime":1422.525,"endTime":1426.2150000000001,"body":"first one's successful before we"},{"speaker":"Owen Barrett","startTime":1426.2150000000001,"endTime":1428.385,"body":"start, you know, dreaming too big."},{"speaker":"Tom Raftery","startTime":1429.655,"endTime":1430.055,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1430.395,"endTime":1431.15,"body":"Okay, nice."},{"speaker":"Tom Raftery","startTime":1431.8700000000001,"endTime":1434.3600000000001,"body":"Owen, we're coming towards"},{"speaker":"Tom Raftery","startTime":1431.8700000000001,"endTime":1434.3600000000001,"body":"the end of the podcast now."},{"speaker":"Tom Raftery","startTime":1434.3600000000001,"endTime":1439.52,"body":"Is there any question that I haven't asked"},{"speaker":"Tom Raftery","startTime":1434.3600000000001,"endTime":1439.52,"body":"you that you wish I had or any aspect of"},{"speaker":"Tom Raftery","startTime":1439.525,"endTime":1442.67,"body":"this we haven't touched on that you think"},{"speaker":"Tom Raftery","startTime":1439.525,"endTime":1442.67,"body":"it's important for people to think about?"},{"speaker":"Owen Barrett","startTime":1444.14,"endTime":1447.26,"body":"Yeah, I think you should"},{"speaker":"Owen Barrett","startTime":1444.14,"endTime":1447.26,"body":"be asking why aren't other multifamily"},{"speaker":"Owen Barrett","startTime":1447.26,"endTime":1449.1200000000001,"body":"owners or real estate owners doing this?"},{"speaker":"Owen Barrett","startTime":1449.3300000000002,"endTime":1449.5700000000002,"body":"Right?"},{"speaker":"Owen Barrett","startTime":1449.5700000000002,"endTime":1450.41,"body":"It sounds so obvious."},{"speaker":"Owen Barrett","startTime":1450.41,"endTime":1451.64,"body":"That's the question we get all the time."},{"speaker":"Owen Barrett","startTime":1451.64,"endTime":1452.5700000000002,"body":"This sounds so obvious."},{"speaker":"Owen Barrett","startTime":1452.5700000000002,"endTime":1453.77,"body":"Why aren't other people doing it?"},{"speaker":"Owen Barrett","startTime":1454.3700000000001,"endTime":1456.1100000000001,"body":"The answer is they don't"},{"speaker":"Owen Barrett","startTime":1454.3700000000001,"endTime":1456.1100000000001,"body":"have the expertise."},{"speaker":"Owen Barrett","startTime":1456.14,"endTime":1456.95,"body":"I mean, solar."},{"speaker":"Owen Barrett","startTime":1457.52,"endTime":1458.15,"body":"Just solar."},{"speaker":"Owen Barrett","startTime":1458.15,"endTime":1460.6100000000001,"body":"So we do more than solar, we"},{"speaker":"Owen Barrett","startTime":1458.15,"endTime":1460.6100000000001,"body":"do energy efficiency and solar."},{"speaker":"Owen Barrett","startTime":1461.1200000000001,"endTime":1465.41,"body":"But just thinking, do storage,"},{"speaker":"Owen Barrett","startTime":1461.1200000000001,"endTime":1465.41,"body":"one of those, we don't do storage"},{"speaker":"Owen Barrett","startTime":1465.415,"endTime":1469.52,"body":"generally because we don't buy in"},{"speaker":"Owen Barrett","startTime":1465.415,"endTime":1469.52,"body":"well, so this is, could be changing."},{"speaker":"Owen Barrett","startTime":1469.8200000000002,"endTime":1475.16,"body":"Historically we haven't evaluated solar"},{"speaker":"Owen Barrett","startTime":1469.8200000000002,"endTime":1475.16,"body":"because we like to buy in cash flowing"},{"speaker":"Owen Barrett","startTime":1475.31,"endTime":1478.3400000000001,"body":"markets, which is usually the Midwest."},{"speaker":"Owen Barrett","startTime":1479.48,"endTime":1483.29,"body":"In order for storage to pencil out"},{"speaker":"Owen Barrett","startTime":1479.48,"endTime":1483.29,"body":"financially, you need a really big delta"},{"speaker":"Owen Barrett","startTime":1483.29,"endTime":1488.81,"body":"between on-peak electricity costs and"},{"speaker":"Owen Barrett","startTime":1483.29,"endTime":1488.81,"body":"off-peak because the storage is, is great"},{"speaker":"Owen Barrett","startTime":1489.0800000000002,"endTime":1492.17,"body":"in the event of a power outage to keep"},{"speaker":"Owen Barrett","startTime":1489.0800000000002,"endTime":1492.17,"body":"your lights on, but the way that you"},{"speaker":"Owen Barrett","startTime":1492.17,"endTime":1495.92,"body":"justify it is you kind of arbitrage the"},{"speaker":"Owen Barrett","startTime":1492.17,"endTime":1495.92,"body":"on-peak and the off peak energy costs."},{"speaker":"Owen Barrett","startTime":1496.25,"endTime":1496.43,"body":"Yep."},{"speaker":"Owen Barrett","startTime":1496.49,"endTime":1499.91,"body":"In the Midwest, you know, in"},{"speaker":"Owen Barrett","startTime":1496.49,"endTime":1499.91,"body":"California on-peak electricity is"},{"speaker":"Owen Barrett","startTime":1499.91,"endTime":1502.3400000000001,"body":"like 60 or 70 cents a kilowatt hour."},{"speaker":"Owen Barrett","startTime":1502.3400000000001,"endTime":1504.71,"body":"Sometimes I think it goes"},{"speaker":"Owen Barrett","startTime":1502.3400000000001,"endTime":1504.71,"body":"over a dollar, which is crazy."},{"speaker":"Owen Barrett","startTime":1504.71,"endTime":1504.77,"body":"Wow."},{"speaker":"Owen Barrett","startTime":1505.0900000000001,"endTime":1508.0900000000001,"body":"And then off peak is"},{"speaker":"Owen Barrett","startTime":1505.0900000000001,"endTime":1508.0900000000001,"body":"like, 10, 15, 20 cents."},{"speaker":"Owen Barrett","startTime":1508.0900000000001,"endTime":1511.18,"body":"So obviously there's a 60 cent gap."},{"speaker":"Owen Barrett","startTime":1511.42,"endTime":1513.49,"body":"That's a huge opportunity to arbitrage."},{"speaker":"Owen Barrett","startTime":1514.15,"endTime":1519.355,"body":"In you know, Nebraska, for"},{"speaker":"Owen Barrett","startTime":1514.15,"endTime":1519.355,"body":"instance, on peak is like 15"},{"speaker":"Owen Barrett","startTime":1519.355,"endTime":1521.5900000000001,"body":"cents, and off peak is nine."},{"speaker":"Owen Barrett","startTime":1522.52,"endTime":1528.43,"body":"So the, the storage costs the same,"},{"speaker":"Owen Barrett","startTime":1522.52,"endTime":1528.43,"body":"but the delta, your opportunity to"},{"speaker":"Owen Barrett","startTime":1528.43,"endTime":1530.05,"body":"arbitrage is just a lot smaller."},{"speaker":"Owen Barrett","startTime":1530.055,"endTime":1532.54,"body":"So we have not figured out a"},{"speaker":"Owen Barrett","startTime":1530.055,"endTime":1532.54,"body":"way to make that pencil out."},{"speaker":"Owen Barrett","startTime":1532.96,"endTime":1537.325,"body":"Now I will say, In the US and"},{"speaker":"Owen Barrett","startTime":1532.96,"endTime":1537.325,"body":"this could be happening elsewhere,"},{"speaker":"Owen Barrett","startTime":1537.325,"endTime":1541.405,"body":"but in the US there's a huge"},{"speaker":"Owen Barrett","startTime":1537.325,"endTime":1541.405,"body":"push for virtual power plants."},{"speaker":"Owen Barrett","startTime":1541.615,"endTime":1542.275,"body":"You know what those are?"},{"speaker":"Owen Barrett","startTime":1542.7250000000001,"endTime":1542.815,"body":"Mm-hmm."},{"speaker":"Owen Barrett","startTime":1542.8200000000002,"endTime":1543.105,"body":"Yeah, yeah, yeah."},{"speaker":"Tom Raftery","startTime":1543.175,"endTime":1546.775,"body":"So, but, but I, I do, because"},{"speaker":"Tom Raftery","startTime":1543.175,"endTime":1546.775,"body":"I've, I've talked about them, a lot of"},{"speaker":"Tom Raftery","startTime":1546.78,"endTime":1550.7350000000001,"body":"conferences, but people listening to the"},{"speaker":"Tom Raftery","startTime":1546.78,"endTime":1550.7350000000001,"body":"podcast, let, let's assume they don't."},{"speaker":"Owen Barrett","startTime":1551.545,"endTime":1551.905,"body":"Okay."},{"speaker":"Owen Barrett","startTime":1552.115,"endTime":1555.005,"body":"So this, this is a fascinating topic."},{"speaker":"Owen Barrett","startTime":1555.4450000000002,"endTime":1557.135,"body":"I, I call it cloud computing for energy."},{"speaker":"Owen Barrett","startTime":1558.035,"endTime":1560.435,"body":"Yeah, that's a great, yeah, that's"},{"speaker":"Owen Barrett","startTime":1558.035,"endTime":1560.435,"body":"a great way to, to frame it."},{"speaker":"Owen Barrett","startTime":1560.535,"endTime":1565.335,"body":"In the US electricity demand has"},{"speaker":"Owen Barrett","startTime":1560.535,"endTime":1565.335,"body":"not really increased since the late"},{"speaker":"Owen Barrett","startTime":1565.335,"endTime":1568.6950000000002,"body":"eighties, early nineties when we started"},{"speaker":"Owen Barrett","startTime":1565.335,"endTime":1568.6950000000002,"body":"putting air conditioning everywhere."},{"speaker":"Owen Barrett","startTime":1569.355,"endTime":1575.545,"body":"So demand has increased, but that's"},{"speaker":"Owen Barrett","startTime":1569.355,"endTime":1575.545,"body":"kind of been offset by improvements"},{"speaker":"Owen Barrett","startTime":1575.545,"endTime":1577.585,"body":"in efficiency and renewable energy."},{"speaker":"Owen Barrett","startTime":1577.585,"endTime":1581.905,"body":"So it's, it's basically flat lined,"},{"speaker":"Owen Barrett","startTime":1577.585,"endTime":1581.905,"body":"but now with the Inflation Reduction"},{"speaker":"Owen Barrett","startTime":1581.905,"endTime":1587.335,"body":"Act pushing electrification and with"},{"speaker":"Owen Barrett","startTime":1581.905,"endTime":1587.335,"body":"the EVs, the US is gonna see massive"},{"speaker":"Owen Barrett","startTime":1587.395,"endTime":1589.655,"body":"demand increase in electricity."},{"speaker":"Owen Barrett","startTime":1590.1950000000002,"endTime":1593.9450000000002,"body":"And what happened in the late eighties"},{"speaker":"Owen Barrett","startTime":1590.1950000000002,"endTime":1593.9450000000002,"body":"and nineties is utilities built a lot"},{"speaker":"Owen Barrett","startTime":1593.9450000000002,"endTime":1598.865,"body":"of gas peaker plants, which are hugely"},{"speaker":"Owen Barrett","startTime":1593.9450000000002,"endTime":1598.865,"body":"expensive, which equates to increases"},{"speaker":"Owen Barrett","startTime":1598.865,"endTime":1602.555,"body":"to rate payers so your electricity"},{"speaker":"Owen Barrett","startTime":1598.865,"endTime":1602.555,"body":"costs go up and they're really dirty."},{"speaker":"Owen Barrett","startTime":1602.675,"endTime":1607.595,"body":"So today, with climate change on"},{"speaker":"Owen Barrett","startTime":1602.675,"endTime":1607.595,"body":"everybody's radar, there's no way that we"},{"speaker":"Owen Barrett","startTime":1607.595,"endTime":1609.4850000000001,"body":"can justify building gas peaker plants."},{"speaker":"Owen Barrett","startTime":1610.115,"endTime":1617.015,"body":"The only other option is if virtual power"},{"speaker":"Owen Barrett","startTime":1610.115,"endTime":1617.015,"body":"plants take off, so as sort of the grid"},{"speaker":"Owen Barrett","startTime":1617.015,"endTime":1622.655,"body":"hits its limit, instead of turning on a"},{"speaker":"Owen Barrett","startTime":1617.015,"endTime":1622.655,"body":"gas peaker plant and increasing supply,"},{"speaker":"Owen Barrett","startTime":1623.285,"endTime":1629.135,"body":"you basically, the grid sends out messages"},{"speaker":"Owen Barrett","startTime":1623.285,"endTime":1629.135,"body":"to buildings and says, you know, now"},{"speaker":"Owen Barrett","startTime":1629.135,"endTime":1630.875,"body":"is the time for you to curtail demand."},{"speaker":"Owen Barrett","startTime":1630.905,"endTime":1631.865,"body":"You need to cut demand."},{"speaker":"Owen Barrett","startTime":1631.895,"endTime":1635.405,"body":"And the way that you do that is"},{"speaker":"Owen Barrett","startTime":1631.895,"endTime":1635.405,"body":"you flip off buying energy from the"},{"speaker":"Owen Barrett","startTime":1635.405,"endTime":1636.845,"body":"grid or taking energy from the grid."},{"speaker":"Owen Barrett","startTime":1637.355,"endTime":1639.755,"body":"And instead you get it"},{"speaker":"Owen Barrett","startTime":1637.355,"endTime":1639.755,"body":"from your storage system."},{"speaker":"Owen Barrett","startTime":1639.9450000000002,"endTime":1645.405,"body":"So that's important because that's the"},{"speaker":"Owen Barrett","startTime":1639.9450000000002,"endTime":1645.405,"body":"way to make storage more cost effective"},{"speaker":"Owen Barrett","startTime":1645.405,"endTime":1650.6680000000001,"body":"in markets that don't have big deltas"},{"speaker":"Owen Barrett","startTime":1645.405,"endTime":1650.6680000000001,"body":"be between on peak and off-peak."},{"speaker":"Owen Barrett","startTime":1650.673,"endTime":1654.448,"body":"Because in those instances, the"},{"speaker":"Owen Barrett","startTime":1650.673,"endTime":1654.448,"body":"utilities are actually paying"},{"speaker":"Owen Barrett","startTime":1654.448,"endTime":1657.1480000000001,"body":"homeowners to curtail their demand."},{"speaker":"Owen Barrett","startTime":1657.178,"endTime":1659.758,"body":"And so it's, it's another"},{"speaker":"Owen Barrett","startTime":1657.178,"endTime":1659.758,"body":"way to offset the costs."},{"speaker":"Owen Barrett","startTime":1659.758,"endTime":1665.358,"body":"And so, we are keeping a really"},{"speaker":"Owen Barrett","startTime":1659.758,"endTime":1665.358,"body":"close eye on these VPP markets"},{"speaker":"Owen Barrett","startTime":1665.358,"endTime":1667.308,"body":"that are becoming more popular."},{"speaker":"Owen Barrett","startTime":1667.488,"endTime":1672.348,"body":"And we'd love to buy an apartment in"},{"speaker":"Owen Barrett","startTime":1667.488,"endTime":1672.348,"body":"one of these markets and then put a"},{"speaker":"Owen Barrett","startTime":1672.348,"endTime":1677.6580000000001,"body":"storage system in every single unit so"},{"speaker":"Owen Barrett","startTime":1672.348,"endTime":1677.6580000000001,"body":"that we're returning our entire complex"},{"speaker":"Owen Barrett","startTime":1677.6580000000001,"endTime":1679.218,"body":"into basically this huge battery."},{"speaker":"Owen Barrett","startTime":1679.488,"endTime":1679.578,"body":"Mm-hmm."},{"speaker":"Owen Barrett","startTime":1679.778,"endTime":1683.748,"body":"And then we'll get paid when the"},{"speaker":"Owen Barrett","startTime":1679.778,"endTime":1683.748,"body":"grid hits these peak demand moments."},{"speaker":"Owen Barrett","startTime":1683.7530000000002,"endTime":1687.123,"body":"So it's, I mean, that's a"},{"speaker":"Owen Barrett","startTime":1683.7530000000002,"endTime":1687.123,"body":"really cool part of the space."},{"speaker":"Owen Barrett","startTime":1687.173,"endTime":1690.803,"body":"But it's just beginning, like"},{"speaker":"Owen Barrett","startTime":1687.173,"endTime":1690.803,"body":"that's gonna be a huge next 10,"},{"speaker":"Owen Barrett","startTime":1690.803,"endTime":1692.363,"body":"20 years, it's gonna be massive."},{"speaker":"Owen Barrett","startTime":1692.983,"endTime":1693.2730000000001,"body":"Yeah."},{"speaker":"Owen Barrett","startTime":1693.278,"endTime":1693.323,"body":"Yeah."},{"speaker":"Owen Barrett","startTime":1693.593,"endTime":1696.863,"body":"But going back to the question"},{"speaker":"Owen Barrett","startTime":1693.593,"endTime":1696.863,"body":"that you should have asked, why,"},{"speaker":"Owen Barrett","startTime":1697.2530000000002,"endTime":1698.5430000000001,"body":"why is nobody else doing this?"},{"speaker":"Owen Barrett","startTime":1698.5430000000001,"endTime":1701.363,"body":"And you know, it's because real estate"},{"speaker":"Owen Barrett","startTime":1698.5430000000001,"endTime":1701.363,"body":"companies are real estate companies."},{"speaker":"Owen Barrett","startTime":1701.393,"endTime":1702.863,"body":"They're not clean tech companies."},{"speaker":"Owen Barrett","startTime":1702.863,"endTime":1709.103,"body":"So there's a huge amount of momentum"},{"speaker":"Owen Barrett","startTime":1702.863,"endTime":1709.103,"body":"to, to get real estate companies"},{"speaker":"Owen Barrett","startTime":1709.103,"endTime":1711.683,"body":"to decarbonize and a lot of 'em"},{"speaker":"Owen Barrett","startTime":1709.103,"endTime":1711.683,"body":"are coming out with net zero"},{"speaker":"Owen Barrett","startTime":1711.683,"endTime":1714.383,"body":"commitments that, you know, are"},{"speaker":"Owen Barrett","startTime":1711.683,"endTime":1714.383,"body":"just, they're absolutely meaningless."},{"speaker":"Owen Barrett","startTime":1714.383,"endTime":1715.943,"body":"They're just promises on paper."},{"speaker":"Owen Barrett","startTime":1716.153,"endTime":1717.383,"body":"There's no plan to get there."},{"speaker":"Owen Barrett","startTime":1717.7730000000001,"endTime":1719.603,"body":"But that pressure is gonna get stronger."},{"speaker":"Owen Barrett","startTime":1720.053,"endTime":1723.593,"body":"And so what I think is gonna happen"},{"speaker":"Owen Barrett","startTime":1720.053,"endTime":1723.593,"body":"is real estate companies are going to"},{"speaker":"Owen Barrett","startTime":1723.598,"endTime":1727.7930000000001,"body":"have to start building out their, you"},{"speaker":"Owen Barrett","startTime":1723.598,"endTime":1727.7930000000001,"body":"know, their, their ESG departments,"},{"speaker":"Owen Barrett","startTime":1727.7930000000001,"endTime":1730.823,"body":"their sustainability departments,"},{"speaker":"Owen Barrett","startTime":1727.7930000000001,"endTime":1730.823,"body":"their energy management departments."},{"speaker":"Owen Barrett","startTime":1730.823,"endTime":1735.428,"body":"It's just, it's, the only way for this to"},{"speaker":"Owen Barrett","startTime":1730.823,"endTime":1735.428,"body":"happen is real estate companies somehow"},{"speaker":"Owen Barrett","startTime":1735.428,"endTime":1741.188,"body":"need to get more expertise in-house with"},{"speaker":"Owen Barrett","startTime":1735.428,"endTime":1741.188,"body":"energy efficiency and renewable energy."},{"speaker":"Owen Barrett","startTime":1741.448,"endTime":1744.848,"body":"So I think that's, you know, it's a huge"},{"speaker":"Owen Barrett","startTime":1741.448,"endTime":1744.848,"body":"opportunity for people if they wanna like"},{"speaker":"Owen Barrett","startTime":1744.848,"endTime":1747.348,"body":"get ahead of future employment patterns."},{"speaker":"Owen Barrett","startTime":1747.348,"endTime":1748.3680000000002,"body":"I think that's gonna be a big one."},{"speaker":"Tom Raftery","startTime":1749.088,"endTime":1750.4080000000001,"body":"Nice, nice, nice."},{"speaker":"Tom Raftery","startTime":1750.413,"endTime":1750.678,"body":"Cool."},{"speaker":"Tom Raftery","startTime":1751.188,"endTime":1755.478,"body":"Owen, if people would like to know more"},{"speaker":"Tom Raftery","startTime":1751.188,"endTime":1755.478,"body":"about yourself or any of the things"},{"speaker":"Tom Raftery","startTime":1755.478,"endTime":1758.3880000000001,"body":"we talked about in the podcast today,"},{"speaker":"Tom Raftery","startTime":1755.478,"endTime":1758.3880000000001,"body":"where would you have me direct them?"},{"speaker":"Owen Barrett","startTime":1759.858,"endTime":1762.018,"body":"So they can find"},{"speaker":"Owen Barrett","startTime":1759.858,"endTime":1762.018,"body":"me on LinkedIn, Owen Barrett."},{"speaker":"Owen Barrett","startTime":1762.068,"endTime":1765.968,"body":"And then our company is"},{"speaker":"Owen Barrett","startTime":1762.068,"endTime":1765.968,"body":"Rayven with a Y R A Y V E N."},{"speaker":"Owen Barrett","startTime":1766.1480000000001,"endTime":1771.268,"body":"Our website is join rayven.com and all"},{"speaker":"Owen Barrett","startTime":1766.1480000000001,"endTime":1771.268,"body":"of our social handles are at Join Rayven."},{"speaker":"Tom Raftery","startTime":1772.838,"endTime":1773.258,"body":"Perfect."},{"speaker":"Tom Raftery","startTime":1773.3780000000002,"endTime":1773.678,"body":"Perfect."},{"speaker":"Tom Raftery","startTime":1773.683,"endTime":1774.998,"body":"I'll put those links in the show notes."},{"speaker":"Tom Raftery","startTime":1775.6580000000001,"endTime":1776.798,"body":"Owen, that's been fantastic."},{"speaker":"Tom Raftery","startTime":1776.798,"endTime":1777.938,"body":"Really, really interesting."},{"speaker":"Tom Raftery","startTime":1778.178,"endTime":1779.828,"body":"Thanks a million for coming"},{"speaker":"Tom Raftery","startTime":1778.178,"endTime":1779.828,"body":"on the podcast today."},{"speaker":"Owen Barrett","startTime":1780.848,"endTime":1781.748,"body":"Yeah, thanks for having me."},{"speaker":"Tom Raftery","startTime":1782.227,"endTime":1784.117,"body":"Okay, we've"},{"speaker":"Tom Raftery","startTime":1782.227,"endTime":1784.117,"body":"come to the end of the show."},{"speaker":"Tom Raftery","startTime":1784.807,"endTime":1785.9470000000001,"body":"Thanks everyone for listening."},{"speaker":"Tom Raftery","startTime":1786.787,"endTime":1789.6970000000001,"body":"If you'd like to know more about"},{"speaker":"Tom Raftery","startTime":1786.787,"endTime":1789.6970000000001,"body":"the Climate Confident podcast,"},{"speaker":"Tom Raftery","startTime":1789.877,"endTime":1795.607,"body":"feel free to drop me an email"},{"speaker":"Tom Raftery","startTime":1789.877,"endTime":1795.607,"body":"to Tom raftery@outlook.com."},{"speaker":"Tom Raftery","startTime":1796.1770000000001,"endTime":1798.607,"body":"Or message me on LinkedIn or Twitter."},{"speaker":"Tom Raftery","startTime":1799.171,"endTime":1802.891,"body":"If you like the show, please, don't"},{"speaker":"Tom Raftery","startTime":1799.171,"endTime":1802.891,"body":"forget to click follow on it in your"},{"speaker":"Tom Raftery","startTime":1802.891,"endTime":1807.421,"body":"podcast application of choice to get new"},{"speaker":"Tom Raftery","startTime":1802.891,"endTime":1807.421,"body":"episodes as soon as they're published."},{"speaker":"Tom Raftery","startTime":1808.0510000000002,"endTime":1810.991,"body":"Also, please don't forget to"},{"speaker":"Tom Raftery","startTime":1808.0510000000002,"endTime":1810.991,"body":"rate and review the podcast."},{"speaker":"Tom Raftery","startTime":1811.201,"endTime":1813.901,"body":"It really does help new"},{"speaker":"Tom Raftery","startTime":1811.201,"endTime":1813.901,"body":"people to find the show."},{"speaker":"Tom Raftery","startTime":1814.8010000000002,"endTime":1816.8410000000001,"body":"Thanks, catch you all next time."}]}