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 language | English (US) |
|---|---|
| Pages (from-to) | 19-33 |
| Number of pages | 15 |
| Journal | Journal of Real Estate Portfolio Management |
| Volume | 24 |
| Issue number | 1 |
| State | Published - 2018 |
ASJC Scopus subject areas
- Management Information Systems
- Business, Management and Accounting (miscellaneous)
- Finance
- Urban Studies
- Economics, Econometrics and Finance (miscellaneous)