UN ’s New Report on Responsible Property Investing
Today, multiple posts are required just to stay on top of the good news onslaught.
Earlier this year, I put out a bunch of posts about the good work of the Responsible Property Investing Center and why it is so critical for spreading the principles of triple bottom line investing within commercial real estate.
Now, we’ve learned through Dr. Gary Pivo, that the UN has just issued a new, stronger report cataloging the many successes institutional investors have enjoyed applying the principles of responsible property investing. It also urges the rest of the investment real estate community to work harder to adopt its Principles for Responsible Investment.
Still mulling over whether triple bottom line investing would make a difference to your portfolio’s returns? Then you should definitely take a look. I think the terms ‘triple bottom line’ or ‘environmental, social, and governance’ tends to trip up some of our old school colleagues.
When you read through the principles plus the examples of day to day actions most of the signatories are taking across their portfolios, however, it becomes pretty clear: RPI simply represents good management practices.
Already have some experience with applying responsible property investing across your asset portfolio? By all means, speak up! The rest of us would love to hear about it.
“Green” Real Estate Expert to Speak in Las Vegas in May
SAN FRANCISCO, CA - Of the thousands of sustainability consultants, contractors, and capital providers for green real estate transactions in the United States, Galley Eco Capital LLC is quite unique. Lisa Michelle Galley, the firm’s Managing Principal, is in a league of her own, being one of a handful of commercial real estate finance specialists in the nation with focused expertise on green real estate projects. Galley will be sharing her expertise at the 2008 Global Real Estate Investment & Deal-Making Summit in Las Vegas, Nevada on May 15 and 16 as a speaker on two different topics. The event is being hosted by the International Real Estate Trade Organization, a network that connects local real estate experts and companies to the global marketplace.
Because of her specialized experience in underwriting green real estate transactions, Galley has spoken at numerous conferences and events for companies and associations, as well as her own green real estate finance and investment seminars. This upcoming speaking engagement at the new Palazzo Resort is a particularly important one for Galley because of the emphasis on green finance and investment issues. This year’s summit will feature a half-day preconference session titled “Global Green Building & Socially Responsible Investing.” In this session, government and industry leaders will assemble to address global sustainability issues and their effect on the financing, development, and operation of properties around the world.
Galley’s presentations will take place on the afternoon of May 16 and are called “Capital for Green and Socially Responsible Developments” and “Green Building – Finance and Trends.”
Galley Eco Capital’s key differentiator is the ability to help commercial real estate developers and investors quantify the value-added from a green property transaction upfront. With a hands-on approach to implementing underwriting green buildings, deep knowledge of the capital markets and applying customized financial strategies, Galley’s company has gained superior knowledge through real-world case studies, which results in her institutional investor and developer clients achieving better returns with less risk than when using typical underwriting approaches. The focus is kept on each facet of the green investor’s success.
About Lisa Michelle Galley
Lisa Michelle Galley is the Founder and Managing Principal of Galley Eco Capital, LLC. Galley Eco Capital is a green real estate financial services consultancy dedicated to helping green investors optimize their green and socially responsible investments.
For more information about Lisa Michelle Galley and Galley Eco Capital, visit www.galleyecocapital.com. For more details about the summit, visit www.globalrealestatesummits.com.
» Original Press Release [PDF] (1)
