Climate Risk and Real Estate: Emerging Practices for Market Assessment
In this report, ULI and Heitman ask the question “how are leading investors factoring market-level climate risk into decision-making?”
Climate Risk and Real Estate: Emerging Practices for Market Assessment demonstrates that leading investors are developing approaches to better understand climate risk at the city or market scale, rather than focusing primarily on risk at the asset level. These investors are striving to better understand both the data and data sources that can help them compare risk at a market level. The report provides ULI members an inside look at what market level metrics these investors are using and how some investors are starting to make decisions on whether to invest or continue investing, in markets particularly vulnerable to the impacts of climate change.
Derived from a series of interviews with leading institutional investors and investment managers, the report explores the current state of the real estate industry while considering the emerging impacts of climate risk and best practices for assessing markets for physical risk and resilience. Research partners Arup and Milliman contribute corresponding ‘deep dive’ analyses from fiscal health and insurance perspectives.
Report Summary: In this report, ULI and Heitman ask the question “how are leading investors factoring market-level climate risk into decision-making?”
Climate Risk and Real Estate: Emerging Practices for Market Assessment demonstrates that leading investors are developing approaches to better understand climate risk at the city or market scale, rather than focusing primarily on risk at the asset level. These investors are striving to better understand both the data and data sources that can help them compare risk at a market level. The report provides ULI members an inside look at what market level metrics these investors are using and how some investors are starting to make decisions on whether to invest or continue investing, in markets particularly vulnerable to the impacts of climate change.
Derived from a series of interviews with leading institutional investors and investment managers, the report explores the current state of the real estate industry while considering the emerging impacts of climate risk and best practices for assessing markets for physical risk and resilience. Research partners Arup and Milliman contribute corresponding ‘deep dive’ analyses from fiscal health and insurance perspectives.
Sponsors & Partners
Arup
Research Partner
Milliman
Research Partner