Spring 2021 Issue - 42
OUTLOOK FOR
Responsible
Property Investment
RON NYREN
How is COVID-19 affecting the triple bottom line?
Members of ULI's Responsible Property Investment Council discuss the impact of the COVID-19
pandemic on real estate investment, strategies for
navigating through economic uncertainty, the rising
profile of sustainability measures, and other trends.
What impact has COVID-19 had on
investing in the triple bottom line-
people, the planet, and profit?
COVID-19 has pushed health
and wellness to the surface. The industry is talking
much more consistently about indoor air quality
and access to nature in buildings. Hotels are pursuing wellness certification to let guests know that
the rooms are healthy and have better air quality.
And guests are willing to pay a premium for those
rooms, whereas a few years ago, that was considered a novelty. There is an opportunity to position
our assets to showcase that they are best in class,
MOLLY McCABE:
taking the environment and sustainability and resilience into consideration. I think COVID has brought
that to the forefront.
JACK DAVIS: We've seen no slowdown in interest in environmental, social, and governance [ESG]
programs from clients or prospective clients; if
anything, interest has accelerated. And when I
reached out to our clients who were working on ESG
programs to help them figure out the implications
of COVID-19, I found that for a lot of them, the ESG
team had become the de facto COVID team, figuring
out how to run the real estate during a new era of
social distancing.
There is an unprecedented amount
of money in the investment markets, and yet there
has been less activity in real estate transactions.
Investors are taking a wait-and-see attitude toward
future space demand, but they are also using this
AMY ERIXON:
Contributing their insights:
Jack Davis, managing director,
RE Tech Advisors, Portland,
Oregon; member, Responsible
Property Investment Council
42
U R B A N LA N D
AFeature_OpnrOutlook_SP21.indd 42
Amy Erixon, principal and
president, global investment
management, Avison Young,
Toronto, Ontario, Canada;
member, Responsible Property
Investment Council
Molly McCabe, chief executive
officer, HaydenTanner, Bigfork,
Montana; cofounder, the Lotus
Campaign, Charlotte, North
Carolina; member, Responsible
Property Investment Council
Bettina Mehnert, president
and chief executive officer,
Architects Hawaii Limited,
Honolulu, Hawaii; member,
Responsible Property Investment
Council
SPRING 2021
3/30/21 1:49 PM
Spring 2021 Issue
Table of Contents for the Digital Edition of Spring 2021 Issue
Spring 2021 Issue - Cover1
Spring 2021 Issue - Cover2
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Spring 2021 Issue - Cover3
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