by Thomas Stanchak
Today’s owners/operators face a choice: either embrace sustainability now and be well prepared for upcoming changes or delay and struggle to catch up later. Ignoring ESG will become increasingly difficult as demands begin to arrive from multiple sides, including investors, residents, employees, and lenders. Playing catch-up is seldom a strategy for success.
One of the more significant areas of demand for sustainable multifamily properties is on the investment side. A recent report by PwC cites an exponential increase in the asset and wealth management industry’s desire for ESG investments, including assets under management in the US, which are projected to double from $4.5 trillion in 2021 to $10.5 trillion in 2026.
Read Thomas Stanchak’s article in Propmodo.