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Climate risk and real estate investment decision-making  

Published on 02 Dec 2019

A report released in 2019 by Urban Land Institute and Heitman details the potential risks and implications of climate change on the real estate sector. Furthermore, the report makes a call to investors and investment managers to come into action and work towards better solutions in the future, for which the report presents a number of thinking paths.

Firstly, the report aims to give property investors a better understanding of climate risk and its real estate investment implications. As such, types of climate risk and their potential impact on real estate are explained.

Secondly, the research addresses the state of current practice for assessing and mitigating climate risk in real estate as well as highlighting best practices across the industry. From the examples it becomes clear that, nowadays, climate risk insurance is used as the main protection for asset value.

Finally, it is acknowledged that climate risk insurance alone is insufficient to mitigate the risk of devaluation in the future. As such, investors and investment managers need to find effective solutions. The report touches upon a number of potential solutions:

  • Mapping physical risk for current portfolios and potential acquisitions;
  • Incorporating climate risk into due diligence and other investment decision-making processes;
  • Incorporating additional physical adaptation and mitigation measures for assets at risk;
  • Exploring a variety of strategies to mitigate risk, including portfolio diversification and investing directly in the mitigation measures for specific assets; and,
  • Engaging with policymakers on city-level resilience strategies and supporting the investment by cities in mitigating the risk of all assets under their jurisdiction.


Summarised by Barbara Maltha-Koppelman, ESG Committee member

Coming of age: the rebirth and renewal of the non-listed real estate industry 2019  

Published on 18 Nov 2019

This paper sets out the evolution of the industry from 2004 to the present, evaluating the catalysts driving the re-birth, renewal and coming of age of the industry and the changes participants and products in non-listed real estate have experienced during this period.

Management Fees and Terms Comparison Study 2019  

Published on 12 Nov 2019

The Management Fees and Terms Comparison Study 2019 compares the fees and cost structures of non-listed real estate investment funds in Europe and Asia Pacific with a focus on total expense ratios (TERs) and real estate expense ratios (REERs). The report is based on the regional studies conducted by INREV and ANREV during 2018.

Finance, Operations and Technology Round Table 2019 presentations  

Published on 24 Oct 2019

INREV Finance, Operations and Technology Round Table 2019 was held on the 17 October in Berlin. Together with around 70 senior finance, technology and reporting specialists we discussed how the latest technology trends are impacting your organisation. 

Advanced Tax Round Table 2019 presentations  

Published on 23 Oct 2019

INREV Advanced Tax Round Table 2019 was held on the 16 October in Berlin. This half-day event updated delegates on current tax developments, how they impact fund structuring and changing national rules that challenge tax planning.

INREV North American Conference 2019 presentations  

Published on 22 Oct 2019