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Can you do well at the same time as doing good? When you invest, do you have to sacrifice returns in order to have a positive social impact? Those are the big questions at the heart of impact investing, ones that a crisis like the coronavirus pandemic, which has hit real estate hard, throw into stark relief.
Those involved in real estate impact investing say the pandemic has brought to the fore both the resilience and the importance of impact investing.
“Broadly speaking, in times of economic pain, issues of people and planet can often take a back seat as people focus on balance sheets that are shrinking and distress,” Nuveen co-Head of Impact Investing Rekha Unnithan told Bisnow. “Things that might only seem nice to have go on the back burner. But this time, issues of people and planet have continued in importance. People have realised that climate change doesn’t stop, pollution doesn’t stop and crises like COVID-19 have a disproportionate impact on lower-income communities.”
A new report from the Urban Land Institute and PwC found that impact investing in real estate — property investments that look to make positive social impacts that can be clearly identified and measured — has not been derailed by the
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