A New Framework for Managing Climate Risk

Real estate practitioners can better manage climate risk in their portfolios by incorporating climate change threats including wildfires, hurricanes and excessive heat into their business models, the Urban Land Institute and LaSalle Investment Management reported.

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“We continue to see significant changes, volatility and uncertainty in the space, equity and debt markets that drive commercial real estate values and transaction volumes.” –Jamie Woodwell, MBA Vice President for Commercial Real Estate Research.