Income, value, and returns in socially responsible office properties

Gary E Pivo, Jeffrey D. Fisher

Research output: Contribution to journalArticle

75 Citations (Scopus)

Abstract

"Responsible property investing" seeks to address social and environmental issues while achieving acceptable financial returns. It includes strategies such as investing in properties that are ENERGY STAR labeled, close to transit, and located in redevelopment areas. This study examines the financial performance of these types of properties. With few exceptions, over the past 10 years they had net operating incomes, market values, price appreciation, and total returns that were higher or the same as conventional properties, with lower cap rates. The findings reveal that responsible property investing can be practiced without diluting returns and can potentially yield higher profits for developers and investors.

Original languageEnglish (US)
Pages (from-to)243-270
Number of pages28
JournalJournal of Real Estate Research
Volume32
Issue number3
StatePublished - 2010

Fingerprint

Income
Investing
Environmental issues
Investors
Financial returns
Social issues
Financial performance
Market value
Profit
Redevelopment
Developer

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (miscellaneous)

Cite this

Income, value, and returns in socially responsible office properties. / Pivo, Gary E; Fisher, Jeffrey D.

In: Journal of Real Estate Research, Vol. 32, No. 3, 2010, p. 243-270.

Research output: Contribution to journalArticle

@article{6455f88cc1704af59bb42c3d42607994,
title = "Income, value, and returns in socially responsible office properties",
abstract = "{"}Responsible property investing{"} seeks to address social and environmental issues while achieving acceptable financial returns. It includes strategies such as investing in properties that are ENERGY STAR labeled, close to transit, and located in redevelopment areas. This study examines the financial performance of these types of properties. With few exceptions, over the past 10 years they had net operating incomes, market values, price appreciation, and total returns that were higher or the same as conventional properties, with lower cap rates. The findings reveal that responsible property investing can be practiced without diluting returns and can potentially yield higher profits for developers and investors.",
author = "Pivo, {Gary E} and Fisher, {Jeffrey D.}",
year = "2010",
language = "English (US)",
volume = "32",
pages = "243--270",
journal = "Journal of Real Estate Research",
issn = "0896-5803",
publisher = "American Real Estate Society",
number = "3",

}

TY - JOUR

T1 - Income, value, and returns in socially responsible office properties

AU - Pivo, Gary E

AU - Fisher, Jeffrey D.

PY - 2010

Y1 - 2010

N2 - "Responsible property investing" seeks to address social and environmental issues while achieving acceptable financial returns. It includes strategies such as investing in properties that are ENERGY STAR labeled, close to transit, and located in redevelopment areas. This study examines the financial performance of these types of properties. With few exceptions, over the past 10 years they had net operating incomes, market values, price appreciation, and total returns that were higher or the same as conventional properties, with lower cap rates. The findings reveal that responsible property investing can be practiced without diluting returns and can potentially yield higher profits for developers and investors.

AB - "Responsible property investing" seeks to address social and environmental issues while achieving acceptable financial returns. It includes strategies such as investing in properties that are ENERGY STAR labeled, close to transit, and located in redevelopment areas. This study examines the financial performance of these types of properties. With few exceptions, over the past 10 years they had net operating incomes, market values, price appreciation, and total returns that were higher or the same as conventional properties, with lower cap rates. The findings reveal that responsible property investing can be practiced without diluting returns and can potentially yield higher profits for developers and investors.

UR - http://www.scopus.com/inward/record.url?scp=78649416920&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=78649416920&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:78649416920

VL - 32

SP - 243

EP - 270

JO - Journal of Real Estate Research

JF - Journal of Real Estate Research

SN - 0896-5803

IS - 3

ER -