| Autor: |
Beath, Alexander D., Betermier, Sebastien, Van Bragt, Maaike, Liu, Yuedan, Spehner, Quentin |
| Předmět: |
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| Zdroj: |
Journal of Sustainable Real Estate; 2022, Vol. 14 Issue 1, p75-94, 20p |
| Abstrakt: |
This paper investigates the investment strategy that large Canadian pension funds implement in the private real estate market. Even though they manage just 6% of global pension assets in our data, Canadian pension funds are responsible for 60% of the total value of private real estate deals that directly involve a pension fund. A key component of their strategy consists of internally developing and greening urban properties in core downtown areas. Using a common benchmarking methodology across funds, we show that this impact strategy delivers superior performance net of fees and drives the green development of major city centers. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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