Environmental, Social, and Governance (ESG)
Insurers and investors adopt new models to calculate how the changing climate will affect long-term asset values.
The wave of interest in well-being in the United Kingdom is expected to translate into significant investment over the next three years, according to ULI research released in the report Picture of Health: The Growing Role of Wellbeing in Commercial Real Estate Investment Decision-making. The report was released this month at an event in Birmingham, England, by the ULI U.K. Sustainability Forum to highlight the rise of well-being investment in commercial buildings.
Georgia Tech’s Eco-Commons project demonstrates cutting-edge sustainable building concepts in partnership with the Kendeda Foundation. Members of ULI Atlanta were recently included in a hard-hat tour of the site, which is under construction.
Industry leaders speaking at the recent ULI Asia Pacific Summit said that green financing and new building materials are helping them make their developments more sustainable without hurting their bottom line.
Flush from Amazon’s selection of Arlington County, Virginia, for a new headquarters facility, three “titans” of the real estate scene in the Washington, D.C., metropolitan region took a moment to celebrate at the ULI Washington Trends Conference. To put all of this into perspective were John “Chip” Akridge III, founder and chairman of Akridge; Thomas “Tom” Bozzuto, chairman and cofounder of the Bozzuto Group; and Bryant Foulger, chairman of Foulger-Pratt.
A new report from ULI and Heitman, a global real estate investment management firm, points to the pressing need for greater understanding throughout the industry of the investment risks posed by the impacts of climate change. Climate Risk and Real Estate Investment Decision-Makingexplores current methods for assessing and mitigating climate risk in real estate, including physical risks such as catastrophes and transitional risks such as regulatory changes, availability of resources, and attractiveness of locations.
The ULI Greenprint Center for Building Performance, a worldwide alliance of leading real estate owners, investors, and financial institutions committed to reducing carbon emissions across the global property industry, has announced the addition of three new members: Kilroy Realty, the Howard Hughes Corporation, and Morgan Creek Ventures.
As part of a wide-ranging panel on adapting development to new technologies, held at the ULI Japan Fall Conference in Tokyo in November, industry leaders discussed using e-commerce data to drive development decisions, adapting Japan’s traditional banking sector for the future, and creating a more innovative startup culture.
We are late in the current cycle, and real estate investors are focusing on the potential risks as much as, if not more than, the rewards on offer, according to investors and investment managers discussing global capital markets at the 2018 ULI Asia Pacific Summit in Hong Kong.
The surveys and interviews for the Emerging Trends in Real Estate® 2018report were complete; the data had been compiled, and the reports had been written. Then, for some of the major U.S. Sun Belt cities, everything changed. Historic storms raged across the Gulf Coast and the Caribbean, destroying property and lives and upending all the forecasts and predictions for property markets in the Southeast. Investors and developers were sent scrambling to reassess their analysis and financial models.