Sustaining sustainability in large real estate investment management firms

Dustin C. Read, Andrew R Sanderford

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

In this exploratory paper, we examine real estate managerial decisions; spe- cifically, who is responsible in large real estate in- vestment management for sustaining sustainability at the firm and asset operational level. These de- cisions are distinct from the acquisition of sustain- able buildings. We employ 93 semi-structured in- terviews conducted with professionals at direct lenders, executive search firms, life insurance com- panies, owner-operators, private equity funds, publicly-traded REITs, third-party real estate ser- vice firms, and tax credit syndicators. Results in- dicate five unique approaches to sustaining sus- tainability at the asset and firm level: corporate, property manager, asset manager, and consultant driven, as well as stand-alone strategies. Further, interviewees suggest that the value proposition of sustainability initiatives can be enhanced through management collaboration to leverage unique data streams.

Original languageEnglish (US)
Pages (from-to)19-33
Number of pages15
JournalJournal of Real Estate Portfolio Management
Volume24
Issue number1
StatePublished - Jan 1 2018

ASJC Scopus subject areas

  • Management Information Systems
  • Economics, Econometrics and Finance (miscellaneous)

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