BREAKOUT SESSION: The Data Center Boom
The growth in AI and demand for processing have pushed data centers to the front of the line for many CRE investors and lenders. But data centers have a number of characteristics that make them distinct from other forms of commercial real estate, including the importance of power supply, the speed with which the technology is changing, and the sheer size of many deals. Panelists share their insight on this sector, including the opportunities and challenges in getting data center deals done.
Speakers
Speakers
Andrew Kaskel is a senior managing director of Capital Markets and Head of Data Centers Advisory at Walker and Dunlop, based in New York City. In his role, he will partner with Walker and Dunlop's Institutional Capital Markets team across the country to finance the development and ownership of data centers and other digital infrastructures. Throughout his career, Mr. Kaskel has successfully completed more than 50 data center financings totaling over $15 billion in total transaction value. Prior to joining Walker and Dunlop, Mr. Kaskel served as a managing director at DH Capital, which was acquired by Citizens Bank. There, he was responsible for advising digital infrastructure companies and investors. Mr. Kaskel earned his bachelor’s degree in business administration from Iona University.
Tim Stoner is the Senior Managing Director and Head of Capital Markets for Affinius Capital and is responsible for all Affinius Capital’s commercial real estate finance activities for the investment portfolio, and he is a member of the firm’s Credit Investment Committee. His team's primary area of focus includes sourcing third party debt for the company’s acquisition and development transactions. Additionally, he has the role of Chief Operating Officer of the company’s credit program. Since joining Affinius Capital, Tim has completed over $50 billion of transactions. Tim received his Bachelor of Business Administration in Real Estate and Entrepreneurship from Baylor University and his Master of Land Economics and Real Estate from Texas A&M University.
