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 language||English (US)|
|Number of pages||15|
|Journal||Journal of Real Estate Portfolio Management|
|State||Published - 2018|
ASJC Scopus subject areas
- Management Information Systems
- Economics, Econometrics and Finance (miscellaneous)