"Transition risks should not be considered in isolation, but embedded directly into property transaction values, REIT price targets, and cost of debt."
Overview
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This session will explore how investors identify transition risks and translate these into appropriately informed price judgements across the real estate capital stack.
Drawing on practical applications by leading institutional investors, the discussion will highlight methods to assess transition risks within diversified portfolios. This morning event will unpack indicators that signal where further due diligence is required, and how to integrate the costs of decarbonization and other impacts of transition risk, such as potential illiquidity, increased cost of capital, and non-compliance penalties into investment decision-making and valuation.
Transition risks should not be considered in isolation, but embedded directly into property transaction values, REIT price targets, and cost of debt to accurately reflect the resilience and long-term financial viability of real estate investments. This event focuses on the approaches to doing so.
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Program
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- 8:45-9:30 | Walk-in and networking breakfast
Breakfast kindly sponsored by Measurabl - 9:30-9:40 | Welcome message
Nina Galbiati, Head of Real Estate Sustainability (NBIM) and Foundation Board Member (CRREM) - 9:40-10:00 | Keynote
The Investor Dilemma: Managing Risk in a Fragmented Market by Andrea Palmer, CEO of CRREM - 10:00-11:00 | Panel
Cutting Through Fragmentation: Investor Perspectives on Real Estate Risk, Transition Challenges, and Valuationn- n
- Nina Galbiati (NBIM)
- Uma Moriarity (Center Square)
- Matt Ellis (Measurabl)
- Giulia Rapisarda (CBRE IM Indirect)
- Ben Myer (BXP)
- Moderated by Vincent Bijleveld (GREEN)
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- 11:00-11:45 | Are we comparing apples to apples?
An interactive session on identifying and harmonizing financially material sustainability KPI’s across the global real estate market.
Maaike Hof, Co-CEO of GREEN - 11:45-12:00 | Takeaways and closing
Michael Izzo, Senior Managing Director of Energy & Decarbonization at Hines
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