Recent years have seen a dramatic rise in the prominence of “Social Impact” as a valued component of an investment paradigm’s success among major investors. As one would expect, these value judgements are inherently nuanced, and discussions around basic considerations like carbon footprints and inclusionary hiring practices have become commonplace in recent years. With so many views to consider and without an established, broadly accepted framework, considering Social Impact can be confusing for even the most informed investors.
Social Impact and ESG Considerations in Commercial Real Estate strives to establish a shared understanding of social impact frameworks and apply their concepts both broadly across real estate investing and specifically within the alternative property types on which Virtus focuses. As with any shifting paradigm, we are learning as we go, and aim to approach the challenge with curiosity, humility, and an open mind.
We believe this application of ESG concepts to the unique challenges and opportunities of real estate will help investors of all interest levels deepen their understanding of the interplay between social impact and built space.
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