Kaufman & Company

Everyone’s chasing data center conversions. Most will get burned. Power and water make or break these deals. Not the address. Follow the data. Not the headlines. 🔗 https://medium.com/@danielkaufmanrealestate/data-centers-are-giving-downtown-real-estate-a-second-life-if-you-know-what-youre-looking-for-1ad1ec88b1b5​​​​​​​​​​​​​​​​

Everyone’s chasing data center conversions.

Most will get burned.

Power and water make or break these deals. Not the address.

Follow the data. Not the headlines.

🔗 medium.com/@danielkaufm...

Florida’s housing market isn’t crashing. But D.R. Horton down 65%. 31% fewer homes being built. Pool permits at a 5-year low. Don’t let Tampa Bay fool you. The warning signs are real. Full breakdown: http://danielkaufmanreal.estate/2026/03/03/floridas-housing-market-is-sending-warning-signals-and-most-people-are-ignoring-them/

Florida’s housing market isn’t crashing.

But D.R. Horton down 65%. 31% fewer homes being built. Pool permits at a 5-year low.

Don’t let Tampa Bay fool you. The warning signs are real.

Full breakdown: danielkaufmanreal.estate/2026/03/03/f...

Miami and Dallas will never replace New York and San Francisco. You cannot move an ecosystem. The billionaire who “moves” to Miami still flies to NYC for his board meetings. The obituary writers have been wrong for 30 years. They’re wrong again. https://open.substack.com/pub/danielkaufmanre/p/the-media-has-been-wrong-about-san?r=6grdsr&utm_medium=ios&utm_source=post-publish

Miami and Dallas will never replace New York and San Francisco.

You cannot move an ecosystem.
The billionaire who “moves” to Miami still flies to NYC for his board meetings.

The obituary writers have been wrong for 30 years. They’re wrong again.

open.substack.com/pub/danielka...

New York City Isn’t Going Anywhere: American Express Proves the Point A 55-story, nearly 2-million-square-foot headquarters for 10,000 employees.

JPMorgan built a new HQ at 270 Park Ave.

Now American Express is building a 55-story tower for 10,000 employees at 2 World Trade Center.

High-paying financial and tech jobs aren’t leaving New York. They never were.
open.substack.com/pub/danielka...

The State of the Union Said a Lot. Almost None of It Was About Housing. Two hours. One housing crisis. About four minutes of answers.

Trump spoke for nearly 2 hours. Housing got about 4 minutes. For an industry in the middle of a generational affordability crisis, that silence says a lot. Our full breakdown: medium.com/@danielkaufm...

Where Smart Multifamily Money Is Going in 2026 The data points to some surprising cities — and a few you’d expect

Chasing cap rate alone is still the wrong move in 2026.

The smartest multifamily markets balance yield, tax efficiency, AND livability — because tenants choose neighborhoods, not just apartments.

Here’s where the data actually points → open.substack.com/pub/danielka...

Renting is cheaper than owning in every major U.S. metro, and it’s a market signal, not a lifestyle debate. Mortgage homeowners pay ~36.9% more/month on median, about $548 ($6,576/yr). Even “closest” metros like Phoenix still favor renting. What it means: rate lock-in + affordability gaps are reshaping mobility, renter demand, and underwriting. Daniel Kaufman https://www.tumblr.com/dkaufmandevelopment/808923920034152448/renting-is-cheaper-than-owning-in-every-major-us

Renting is cheaper than owning in every major U.S. metro

Mortgage homeowners pay ~36.9% more/month on median, about $548 ($6,576/yr). Even “closest” metros like Phoenix still favor renting

What it means: rate lock-in + affordability gaps are reshaping mobility

www.tumblr.com/dkaufmandeve...

Kaufman & Company is now the umbrella for our integrated platform across housing + AI infrastructure. What we’re building: • $2B+ in active development/advisory • 10,000+ residential units nationwide • “Project Zero”, modular micro data centers, scaling beyond Detroit • Workforce housing for the missing middle (80–120% AMI) Thesis: the future of real estate sits at the intersection of housing + compute. https://www.openpr.com/news/4394459/kaufman-company-consolidates-2-billion-real-estate-and-ai

Kaufman & Company is now the umbrella for our integrated platform across housing + AI infrastructure.

What we’re building:
• $2B+ in active development/advisory
• 10,000+ residential units nationwide
• “Project Zero”, modular micro data centers

www.openpr.com/news/4394459...

Multifamily isn’t dead. It’s repricing. 2026 won’t reward momentum, it will reward disciplined selection. Detroit at 11.42% caps. DC, Denver, Boston leaning stability. Las Vegas & Richmond trying to balance both. Cap rate alone isn’t the thesis. Alignment is. Full breakdown: https://medium.com/@danielkaufmanrealestate/the-best-multifamily-markets-for-2026-and-what-the-data-actually-tells-us-270ef0fd1498

Multifamily isn’t dead. It’s repricing

2026 won’t reward momentum, it will reward disciplined selection

Detroit at 11.42% caps
DC, Denver, Boston leaning stability
Las Vegas & Richmond trying to balance both

Cap rate alone isn’t the thesis. Alignment is

Full breakdown:
medium.com/@danielkaufm...

The AI Data Center Is Leaving Earth Space compute is no longer science fiction. It’s a capital allocation problem.

The AI data center is leaving Earth.

Elon Musk is betting on orbital compute: Space-based data centers, solar-powered, radiatively cooled, unconstrained by grids or water.

AI isn’t model-limited anymore, it’s energy-limited.

This is the next infrastructure war.

open.substack.com/pub/danielka...

US multifamily demand is running into structural limits. Population growth slowed to ~0.5%. Immigration, which supported demand in many states, is no longer a reliable backstop. Meanwhile, supply from the last construction wave is still being absorbed. Not a collapse, a reset. Full take ↓ https://open.substack.com/pub/danielkaufmanre/p/national-multifamily-is-running-into?r=6grdsr&utm_medium=ios&utm_source=post-publish

US multifamily demand is running into structural limits.

Population growth slowed to ~0.5%. Immigration, which supported demand in many states, is no longer a reliable backstop.

Not a collapse, a reset.

Full take ↓
open.substack.com/pub/danielka...

Honored to be featured in @KeyCrewNews on how we’re building Kaufman & Company through a contrarian strategy, vertical integration, and a focus on overlooked markets. Daniel Kaufman The playbook and thinking behind the platform 👇 https://keycrew.co/journal/contrarian-developer-finds-success-in-overlooked-markets-through-vertical-integration/ #RealEstate #VerticalIntegration #ContrarianInvesting

Honored to be featured in the KeyCrew Journal on how we’re building Kaufman & Company through a contrarian strategy, vertical integration, and a focus on overlooked markets.

The playbook and thinking behind the platform 👇
keycrew.co/journal/cont...

San Diego is quietly pulling ahead of other coastal markets, and the reasons aren’t obvious at first glance. Supply constraints, migration trends, and where capital is actually flowing tell a different story. Read the full analysis 👇 https://danielkaufmanrealestatedeveloper.blogspot.com/2026/02/a-tale-of-two-cities-why-san-diego-is.html #RealEstate #SanDiego #MarketAnalysis #RealEstateInvesting

San Diego is quietly pulling ahead of other coastal markets, and the reasons aren’t obvious at first glance.
Supply constraints, migration trends, and where capital is actually flowing tell a different story.

Read the full analysis 👇
danielkaufmanrealestatedeveloper.blogspot.com/2026/02/a-ta...

The broader housing market is slow. The ultra-luxury market isn’t. New post on where high-end real estate is actually moving in 2026 — and why activity in LA, SF, NYC, and Chicago matters more than national averages right now. https://danielkaufmanreal.estate/2026/01/29/ultra-luxury-real-estate-in-2026-where-the-market-is-actually-moving-and-why-it-matters/

The broader housing market is slow.
The ultra-luxury market isn’t.

New post on where high-end real estate is actually moving in 2026 — and why activity in LA, SF, NYC, and Chicago matters more than national averages right now.

danielkaufmanreal.estate/2026/01/29/u...

Build-to-rent just picked up a political tailwind. Trump’s new housing order cracks down on institutional buyers of existing homes, but quietly exempts purpose-built rental communities. That carve-out channels more capital into BTR and reshapes suburban development. Full breakdown: https://open.substack.com/pub/danielkaufmanre/p/build-to-rent-just-got-a-political?r=6grdsr&utm_medium=ios&utm_source=post-publish

Build-to-rent just picked up a political tailwind.

Trump’s new housing order cracks down on institutional buyers of existing homes, but quietly exempts purpose-built rental communities. That carve-out channels more capital into BTR and reshapes suburban development
open.substack.com/pub/danielka...

The U.S. data center market isn’t about picking a “hot” city anymore. It’s about picking a grid node that can actually scale. Northern Virginia still leads. Dallas is becoming the most balanced Tier-1 market. Phoenix is the fastest-moving growth story. But the real constraint is power. Time to power now matters more than price per acre. Here’s my breakdown of where the real opportunities are for developers and investors: https://medium.com/@danielkaufmanrealestate/top-u-s-data-center-markets-by-the-numbers-and-where-the-real-opportunities-are-69ba6855c079

The U.S. data center market isn’t about picking a “hot” city anymore.

It’s about picking a grid node that can actually scale.

Time to power now matters more than price per acre.

Here’s our breakdown of where the real opportunities are for developers and investors:
medium.com/@danielkaufm...

Texas is racing to become the next data center capital, but Virginia still wears the crown, and being number one comes with real costs. AI is driving giga scale growth. Texas is winning on land, gas, and permitting. Virginia shows the risks, grid strain, environmental pushback, and few permanent jobs. Full analysis: https://open.substack.com/pub/danielkaufmanre/p/texas-is-racing-toward-the-data-center?r=6grdsr&utm_medium=ios&shareImageVariant=overlay

Texas is racing to become the next data center capital, but Virginia still wears the crown, and being number one comes with real costs.

Full analysis:
open.substack.com/pub/danielka...

Kaufman & Company and Kaufman Development have published a new Substack analysis on the real economics of housing affordability, political risk, and why “someone always pays” when rents are regulated. Read the full post: https://open.substack.com/pub/danielkaufmanre/p/affordable-housing-isnt-free-someone?r=6grdsr&utm_medium=ios&utm_source=post-publish

Kaufman & Company and Kaufman Development have published a new Substack analysis on the real economics of housing affordability, political risk, and why “someone always pays” when rents are regulated.

Read the full post:
open.substack.com/pub/danielka...

We’re proud to introduce Kaufman & Company. This rebrand reflects the evolution of our platform into an institutional-grade investment, development, and operating firm focused on real assets, infrastructure, and long-term value creation. Explore what’s next: www.thekaufmanco.com Follow us: @thekaufmanco Daniel Kaufman real estate developer and investor

We’re proud to introduce Kaufman & Company.

This rebrand reflects the evolution of our platform into an institutional-grade investment, development, and operating firm focused on real assets, infrastructure, and long-term value creation.

Explore what’s next:
www.thekaufmanco.com

We’re seeing durable demand, not oversupply, define the data center real estate market in 2026. AI, cloud and infrastructure constraints are reshaping how capital is deployed and how projects get built. Daniel Kaufman real estate developer investor Read our latest analysis: https://www.tumblr.com/dkaufmandevelopment/805813039951659008/data-center-real-estate-in-2026-structural

We’re seeing durable demand, not oversupply, define the data center real estate market in 2026. AI, cloud and infrastructure constraints are reshaping how capital is deployed and how projects get built.

Read our latest analysis:
www.tumblr.com/dkaufmandeve...

AI Data Centers Are Exposing a Problem Real Estate Has Been Ignoring Why electricity, not land, is becoming the binding constraint in the AI buildout

AI data centers are exposing a constraint real estate can’t ignore.

The grid wasn’t built for this pace of demand. Power, not land, is becoming the binding factor, reshaping underwriting, site selection, and risk.

Read our latest Medium analysis ⬇️
medium.com/@danielkaufm...

Measure ULA just crossed $1B in revenue. It’s now the largest dedicated housing funding source in Los Angeles, but it’s also reshaping deal economics, transaction velocity, and where capital gets deployed. The real question is what comes after the first billion. Daniel Kaufman Full breakdown here: https://www.tumblr.com/dkaufmandevelopment/805539560662728704/measure-ula-crosses-1b-a-milestone-with-real

Measure ULA just crossed $1B in revenue.

It’s now the largest dedicated housing funding source in Los Angeles, but it’s also reshaping deal economics, transaction velocity, and where capital gets deployed.

The real question is what comes after the first billion.

www.tumblr.com/dkaufmandeve...

2026 is about discipline, conviction, and long-term positioning. Fewer deals. Higher conviction. Capital deployed where demand is durable and downside is protected. Our latest post outlines how we’re thinking about the year ahead. https://www.tumblr.com/dkaufmandevelopment/805034395752923136/2026-a-year-of-discipline-conviction-and — Kaufman Development Daniel Kaufman real estate developer investor Maine California Los Angeles Florida New York Massachusetts

2026 is about discipline, conviction, and long-term positioning.

Fewer deals. Higher conviction. Capital deployed where demand is durable and downside is protected.

Our latest post outlines how we’re thinking about the year ahead.
www.tumblr.com/dkaufmandeve...

— Kaufman Development

Why the Midwest Keeps Winning on Affordability How income growth and disciplined supply are reshaping demand away from the coasts

The Midwest keeps winning on housing affordability, and it’s showing up in real demand, wage growth, and disciplined new development.

We shared our perspective at Kaufman Development in our first Medium post of the year:
medium.com/@danielkaufm...

A look at what’s next. Daniel Kaufman As part of our 2026 project preview, we’re introducing Project Zero, our Detroit-based prototype micro data center, built using our innovative modular construction platform. Designed for speed, scalability, and next-generation digital infrastructure. Contact us for additional details and early discussions. https://www.dkaufmandevelopment.com/contact.html

As part of our 2026 project preview, we’re introducing our Detroit-based micro data center, built using our innovative modular construction platform.

Designed for speed, scalability, and next-generation digital infrastructure.

Contact us to learn more: www.dkaufmandevelopment.com/contact.html

Architecture, refined. A preview of The Strandline, our next generation of bespoke residences in Los Angeles, designed with intention, material honesty, and a focus on livability. Multiple projects launching in 2026. Contact us for early access and additional details: https://www.dkaufmandevelopment.com/contact.html Daniel Kaufman

Architecture, refined.

A preview of The Strandline, our next generation of bespoke residences in Los Angeles, designed with intention, material honesty, and a focus on livability.

Contact us for early access and additional details: www.dkaufmandevelopment.com/contact.html

The Housing Market’s Next Reckoning — and Where Real Opportunity Still Exists Why the next housing correction will be driven by affordability, geography, and investor selectivity

The next housing correction won’t look like 2008 — and that’s the risk.
Affordability, not speculation, is now the constraint, and outcomes will be wildly uneven by market.
Where opportunity still exists:
medium.com/@danielkaufm...

Los Angeles is running a real-time experiment in housing policy. Measure ULA, the “mansion tax,” is unlocking affordable housing funding while reshaping deal economics and investor behavior. Daniel Kaufman Full analysis on the Kaufman Development blog: https://www.tumblr.com/dkaufmandevelopment/803096697567936512/the-mansion-tax-is-reshaping-los-angeles-housing

Los Angeles is running a real-time experiment in housing policy. Measure ULA, the “mansion tax,” is unlocking affordable housing funding while reshaping deal economics and investor behavior.

Full analysis on the Kaufman Development blog: www.tumblr.com/dkaufmandeve...

Happy Chanukah to all who are celebrating. Eight nights of light, resilience, and hope. Daniel Kaufman real estate developer

Happy Chanukah to all who are celebrating. Eight nights of light, resilience, and hope.

California doesn’t have one affordable housing crisis. It has several. LA is fixing entitlement risk. SF and the Bay Area are tackling the capital stack. Both matter, neither works alone. Our latest Kaufman Development post breaks down why alignment is the real constraint. Read here: https://www.tumblr.com/dkaufmandevelopment/802754115220422656/two-californias-two-housing-strategies-one Daniel Kaufman

California doesn’t have one affordable housing crisis. It has several.

LA is fixing entitlement risk. SF and the Bay Area are tackling the capital stack. Both matter, neither works alone.

Read here:
www.tumblr.com/dkaufmandeve...