Reducing Risk & Increasing Transparency in the Pre-bid Process

Resumen del informe: Real estate transactions move swiftly, and to date, have been a missed opportunity to collect critical sustainability-related information that could influence bid pricing and underwriting. Particularly with the rise in building performance standards regulation and market demand for low-carbon spaces, buyers recognize that building inefficiency and inability to meet such demands put assets at future risk of devaluation or worse – financial stranding.

ULI Greenprint members came together to address the challenges of insufficient information on sustainability performance and climate risk of potential acquisitions at the pre-bid stage, creating a Sustainability Pre-bid Checklist to help the buyer, seller, and broker communities coalesce around consistent sustainability data sharing and improve communication in the pre-bid process. The checklist is relevant for all types of deal structures.