Mary Ludgin

Mary Ludgin is a Managing Director at Heitman, where she serves as the firm’s Head of Global Investment Research. She is a partner of the firm and she holds a seat on its investment, valuation and global management committees. Prior to joining Heitman, Mary was an urban planner and she worked in retail site location. She holds an AB from Vassar College and an MA and Ph.D. from Northwestern University. Among her professional affiliations, Mary is a Global Trustee of the Urban Land Institute and she chairs the Institute’s Chicago District Council. She served as Chairman of the Board of the Pension Real Estate Association, President of the National Council of Real Estate Investment Fiduciaries, and President of the Real Estate Research Institute. Mary is a fellow of the Homer Hoyt Institute for Real Estate Research and a member of LAI, the honorary real estate society. She is a docent for the Chicago Architecture Foundation and she served two terms on its board. She is also a member of the board of the Metropolitan Planning Council of Chicago, the Oak Park Economic Development Corporation, and the Downtown Oak Park Association.

Investment in and achievement of environmental, social, and governance (ESG) goals surged in 2020, according to State of Green: ULI Greenprint Performance Report, Volume 12, an annual benchmark report just released by the ULI Greenprint Center for Building Performance.
Some $360 billion of U.S. institutional real estate is in the top 20 percent of locations vulnerable to sea-level rise. Given significant portfolio allocations to gateway markets, institutional real estate portfolios have considerable exposure to climate change. This raises the question as to whether investors have factored in the challenge of rising sea levels alongside the perceived positives of gateway markets.
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