Futureproofing Real Estate from Climate Risks: New ULI & Heitman Report Released
September 10, 2019
CNBC recently reported the findings from a groundbreaking study on climate risk and real estate investment decision-making that was released earlier this year by ULI and Heitman, “Future-proofing Real Estate from Climate Risks”. The report concluded that overall the real estate markets “are far from understanding climate risks enough to price them in today … but those who are prepared have the potential to outperform.”
Many assets held by real estate investors are in cities vulnerable to the effects of climate change – ranging from more intense and frequent weather events such as hurricanes, typhoons, and wildfires to more gradual changes such as sea-level rise or shifting weather patterns.
ULI partnered with Heitman, a global real estate investment management firm, to assess the potential impacts of climate change on the long-term viability of real estate assets. Derived from a series of interviews with leading institutional investors, investment managers, investment consultants and others, the report provides members with an inside look at how real estate investors are factoring climate risk into their investment decision-making and management processes.