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THE PATH · LANDOWNERS

From land to power-ready site, one step at a time.

Here's exactly what happens, what you decide, and what your land can be worth at each stage. You can stop, sell, or partner whenever it makes sense.

Paid on resultsConfidential, NDA-firstNationwide

AT A GLANCE

Five steps. Exits at every one.

0

Assess & Control

SRL 0 → 1[weeks]. Timelines depend on the utility, jurisdiction, and site.

We find out if your land qualifies.

What happens

  • We look at where your land sits relative to existing electrical infrastructure.
  • We check zoning, access, and title basics.
  • You get a plain answer: yes, not yet, or no, and why.

You do

  • Share the address or parcel number.

We do

  • The research and the explanation.

Gate to advance

Your land shows real power potential, and we agree on next steps in writing.

Risks we manage

  • Spending on sites with no viable power path
  • Misreading zoning or access constraints
  • Unclear ownership or title issues

Your exits at this step

Megawatt (MW)Site Readiness Level (SRL)Entitlements

Value at this step

Today's value is based on land sales near you. Most land is still priced by the acre. Power changes that.

0
1
2
3
4

Illustrative, not to scale.

[$ / acre range, raw land in target markets]

Internal

Raw land in target markets

Anywhere DC transaction comps, detail under NDA.

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

1

Reserve Power

SRL 1 → 2[months]. Timelines depend on the utility, jurisdiction, and site.First success fee is earned here, and only if the reservation is confirmed.

We hold your land's place in line with the utility.

What happens

  • Utilities can only serve so much new demand. A capacity reservation is the utility confirming that power is set aside for your site, subject to its rules.
  • We submit the load request and manage utility correspondence.
  • You receive a written summary of what the utility confirmed.

You do

  • Provide site access for surveys if needed.
  • Approve the reservation package.

We do

  • Prepare and submit the utility load request.
  • Negotiate reservation terms within utility process.
  • Deliver the utility confirmation package.

Gate to advance

The utility confirms a reservation for your site.

Risks we manage

  • Reservation terms that don't match your goals
  • Collateral or minimum-demand surprises
  • Queue position uncertainty

Your exits at this step

Capacity bandInterconnection queueLarge-load tariff

Value at this step

Land with reserved power is priced by the power, not just the acres.

0
1
2
3
4

Illustrative, not to scale.

[$ / MW range, land with reserved capacity]

Internal

Land with reserved capacity

Anywhere DC transaction comps, detail under NDA.

≈ $64K → $600K / acre

Reported

One reported Virginia assembly, ~18 months after entitlement

A single reported example; not typical and not a forecast.

HB Capital, Land 2026 · 2026

Significant premium

Published

Powered land vs. non-powered land

Qualitative; varies by region and market.

Cushman & Wakefield, 2026 Data Center Development Cost Guide · 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

2

Deliver Power

SRL 2 → 5[months]. Timelines depend on the utility, jurisdiction, and site.Success fee: Power Delivered

We bring the power to your property.

What happens

  • The approvals, rights-of-way (easements), and utility construction are handled at the same time, not one after another.
  • We coordinate entitlement, easement, and utility scheduling in parallel.
  • You receive confirmation when power is available at the site.

You do

  • Grant easements as required.
  • Stay informed on major decisions.

We do

  • Manage parallel entitlement and utility construction paths.
  • Track equipment lead times and schedule risks.
  • Deliver energization confirmation.

Gate to advance

Power is available at the site.

Risks we manage

  • Sequential delays between entitlement and construction
  • Long-lead transformer and switchgear risk
  • Easement or ROW disputes

Your exits at this step

FeederSubstationEnergization date

Parallel paths

Entitlement, easement, and utility construction run at the same time — not one after another.

Entitlements

  • → Zoning
  • → Land use
  • → Permits

Utility

  • → Service design
  • → Equipment
  • → Construction

Site

  • → Easements
  • → ROW
  • → Access

Value at this step

Power-delivered land trades at a step-up from reserved-only values.

0
1
2
3
4

Illustrative, not to scale.

[$ / MW range, land with delivered power]

Internal

Land with delivered power

Anywhere DC transaction comps, detail under NDA.

2–4× industrial land

Reported

Entitled, power-ready land vs. standard industrial values

Varies enormously by market and entitlement status.

HB Capital, Land 2026 · 2026

[ground lease range, $ / acre / yr or $ / MW / yr]

Internal

Ground lease

Anywhere DC transaction comps, detail under NDA.

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

3

Place the User (Lease or Sale)

SRL 5 → 5[months]. Timelines depend on the utility, jurisdiction, and site.Success fee: End User Placed

We find the company that needs your site.

What happens

  • A lease means a company rents your land (or a building on it) for a long term. A sale means you transfer ownership.
  • We introduce qualified operators and structure terms.
  • You choose the path that fits your goals.

You do

  • Review offers and approve terms.
  • Sign lease or sale documents.

We do

  • Market the site to qualified data center users.
  • Structure lease, option, or sale terms.
  • Support negotiation and closing.

Gate to advance

A lease or sale is signed.

Risks we manage

  • Counterparty credit risk
  • Lease terms that limit future flexibility
  • Sale timing vs. market conditions

Your exits at this step

Powered landCapacity band

Value at this step

Finished data centers trade at institutional values — context for what a placed site can become.

0
1
2
3
4

Illustrative, not to scale.

[ground lease range, $ / acre / yr or $ / MW / yr]

Internal

Ground lease

Anywhere DC transaction comps, detail under NDA.

[$ / MW range, land with delivered power]

Internal

Land with delivered power

Anywhere DC transaction comps, detail under NDA.

≈ $12.0M / MW

Derived

Recent stabilized facility trade (72 MW for ~$860.6M)

$860.6M ÷ 72 MW. A single transaction, not a market average.

Capright, Data Center Market Update, Sept 2026 · Sep 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

4

Realize & Hold

SRL 5 → 5Ongoing

Income, a sale, or a long-term stake. Your choice.

What happens

  • The site generates income, trades as a stabilized asset, or supports long-term compute deployment.
  • You may recapitalize, sell to an institutional buyer, or hold.
  • Modular and edge compute options may apply for smaller formats.

You do

  • Choose hold, recap, or exit strategy.

We do

  • Support recapitalization or sale processes.
  • Advise on long-term hold structures.

Gate to advance

Stabilized asset or long-term position established.

Risks we manage

  • Market timing for institutional sales
  • Tenant credit over long lease terms
  • Technology obsolescence for self-operated assets

Your exits at this step

Offramp

Value at this step

Stabilized facilities trade at institutional multiples — for context only.

0
1
2
3
4

Illustrative, not to scale.

≈ $12.0M / MW

Derived

Recent stabilized facility trade (72 MW for ~$860.6M)

$860.6M ÷ 72 MW. A single transaction, not a market average.

Capright, Data Center Market Update, Sept 2026 · Sep 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

EXIT MATRIX

Your options by step

StepHoldSellPartner / JVLease
1Wait for better utility conditionsSell with reserved capacityJoint venture on upside—
2Retain land; monitor marketSell power-ready landJV to build powered shellGround lease for income
3Keep leased income streamOutright sale to operatorRemain in partnershipLong-term ground lease
4Long-term income or stakeRecap or full exitCo-invest in expansionSale-leaseback

What could my land be worth with power?

Illustrative estimator. Not an appraisal, offer, or projection of returns.

Site-specific ranges are shared in your briefing.

Internal transaction comps are required before this estimator can show numbers.

Talk it through with our team

Values shown are market comparables and illustrative ranges from cited third-party sources and Anywhere DC transaction experience. They are not an appraisal, an offer, a projection of returns, or investment advice. Actual outcomes depend on site, utility, jurisdiction, market conditions, and negotiated terms. Utility capacity and timelines are determined by utilities and are not guaranteed.

YOUR MEETING

What we'll cover in your meeting

  • A plain review of your land.
  • What we'd expect at each step.
  • Your options.
  • How we're paid.

What to bring

  • Address or parcel number
  • Any survey or title documents
  • Your goals

Frequently asked questions

Is this an appraisal?
No. The ranges on this page are market comparables and illustrative examples. They are not an appraisal, an offer, or a projection of what your land will sell for.
Do I pay anything to find out?
No. Step 0 is screening at no fee. Our success fees are earned only when defined utility milestones are reached.
Do I have to sell?
No. At every step you can hold, partner, lease, or sell. We document each option so you can choose what fits your goals.
What if the utility says no?
We tell you plainly and explain why. You owe nothing for a no-go at screening. If the site warrants monitoring, we can hold and revisit.
Who sees my information?
Your parcel details stay confidential. We share site information with qualified counterparties only under NDA and with your approval.
How long does it all take?
It depends on the utility and jurisdiction. Each step shows a typical duration band. We never promise a single date.

About you

Values shown are market comparables and illustrative ranges from cited third-party sources and Anywhere DC transaction experience. They are not an appraisal, an offer, a projection of returns, or investment advice. Actual outcomes depend on site, utility, jurisdiction, market conditions, and negotiated terms. Utility capacity and timelines are determined by utilities and are not guaranteed.

Start with a confidential briefing.

Thirty minutes. No obligation. Detail under NDA when you're ready.