Sustaining sustainability in large real estate investment management firms

Dustin C. Read, Andrew R Sanderford

Research output: Contribution to journalArticle

3 Citations (Scopus)

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

Fingerprint

Sustainable development
Managers
Insurance
Taxation
Real estate investment
Assets
Investment management
Sustainability
Industry
Real estate
Private equity
Insurance companies
Leverage
Real estate investment trusts
Value proposition
Operator
Service firms
Tax credits
Managerial decisions
Life insurance

ASJC Scopus subject areas

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

Cite this

Sustaining sustainability in large real estate investment management firms. / Read, Dustin C.; Sanderford, Andrew R.

In: Journal of Real Estate Portfolio Management, Vol. 24, No. 1, 01.01.2018, p. 19-33.

Research output: Contribution to journalArticle

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