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- Title
Understanding Sustainability in Real Estate Investing: Environmental issues can impact clients' real estate investments in myriad ways. Planners can help investors make decisions that will optimize long-term outcomes.
- Authors
Adams, Samuel
- Abstract
This article explores the relationship between environmental issues and real estate investments, and how financial planners can assist investors in making sustainable choices. It emphasizes the connection between economic decisions and sustainability in the real estate sector, highlighting the environmental and social impacts of real estate activities such as energy consumption, greenhouse gas emissions, waste production, and the need for affordable housing. The article also addresses the risks posed by climate change and the opportunities for investors to promote sustainability while adding economic value. Strategies for reducing risk in real estate, such as building resilience to climate change, are discussed, as well as the importance of energy efficiency and emissions reduction in buildings. The article also touches on the affordability crisis in housing and the need for more affordable homes. It concludes by highlighting the commitments made by companies to reduce their emissions and the growing importance of decarbonizing the economy. The article further emphasizes the significance of considering sustainability and climate change in real estate planning, particularly in relation to retirement destinations and insurance costs and availability. It suggests that investors can prioritize opportunities in urban areas with high walk, bike, and transit scores, or invest in funds that focus on transit-oriented development. The article also mentions the importance of energy efficiency and offers suggestions for reducing utility costs. Ultimately, it underscores the need for financial planners to reassess assumptions and assist clients in making well-informed decisions regarding their real estate assets.
- Subjects
REAL estate investment; INVESTORS; REAL property; REAL estate investment trusts; INTEREST rates; HOUSING; INSURANCE companies; PORTFOLIO managers (Investments)
- Publication
Journal of Financial Planning, 2024, Vol 37, Issue 6, p42
- ISSN
1040-3981
- Publication type
Article