Artificial intelligence is often discussed as a digital phenomenon. It is viewed as code, algorithms, and virtual assistants. However, the reality of AI is deeply physical. Behind every line of generated text and every processed image lies a massive industrial infrastructure of servers, high-voltage wires, and specialized cooling systems. This physical foundation is the new backbone of the global economy.
Corniche Capital, led by David Ebrahimzadeh, has emerged as a key player in this transition. The firm has shifted its investment focus to address the critical shortage of AI-ready industrial space. This strategy recognizes that the most advanced software in the world is useless without a powered, cooled, and connected physical home.
The Surge in High-Density Power Requirements
Traditional data centers were built for cloud storage and basic web hosting. These facilities are no longer sufficient for the AI era. Modern AI chips, such as the latest GPUs from Nvidia, require significantly more electricity. An AI server rack can consume three to four times the power of a standard rack.
This creates a massive burden on the aging electrical grid. Corniche Capital identifies assets that bypass these limitations. They focus on “power-enabled” land—properties with pre-secured access to high-voltage lines and dedicated substations. In early 2026, the firm advanced major projects in New Mexico and South Carolina that exemplify this approach.
The New Mexico site covers over 300 acres, while the South Carolina footprint spans up to 2,000 acres. These sites are not just empty land. They offer 200 megawatts of dedicated power available within a 12-month timeframe. In the current market, speed to power is the primary differentiator between a successful project and a stalled investment.
Critical Infrastructure and Thermal Management
To maintain an AI-ready environment, developers must solve the problem of heat. AI hardware runs hot. Traditional air-based cooling systems are reaching their physical limits.
Corniche Capital integrates advanced cooling solutions into their facility designs. These include liquid-to-chip cooling, which circulates fluid directly near the processors to dissipate heat more effectively. These systems are essential for maintaining the longevity of expensive hardware and reducing energy waste.
Connectivity is the third pillar of this infrastructure. Data must move between servers and users with zero lag. Corniche Capital prioritizes locations near major fiber-optic backbones. This ensures that the massive data sets required for AI training can be moved and processed at peak speeds.
Real Estate as the Ultimate Bottleneck
The supply of land suitable for these high-performance campuses is shrinking. Zoning restrictions and a lack of available grid capacity make it difficult to bring new supply online. This scarcity has turned industrial real estate into a premier institutional asset class.
You are no longer just buying a building. You are securing a critical link to the power grid. Companies that fail to secure these sites now may find themselves locked out of the AI market entirely. Corniche Capital offers flexible structures to solve this, including build-to-suit solutions, joint ventures, and the outright sale of powered land parcels.
A New Class of Institutional Assets
The data center market has matured. It is no longer a niche technology sector. It is now a foundational part of commercial real estate.
- Zero Vacancy: Tier-1 data center hubs are seeing record-low vacancy rates.
- Long-Term Commitments: Hyperscale operators are signing 20-year leases to lock in power capacity.
- Institutional Shift: Capital is migrating away from traditional office space toward energy-backed real estate.
Are you prepared for a future where computing power is the most limited resource?
The growth of the digital economy depends on the physical world. By focusing on power-intensive assets, firms like Corniche Capital are building the foundation for the next decade of technological progress. Securing high-performance space is no longer a technical detail. It is a core business necessity.
