ESG considerations matter to most real estate fund investors
The vast majority of investors in unlisted real estate funds consider a vehicle's ESG characteristics before investing, new research found.
The Investment Intentions Survey 2024, produced by real estate investment bodies ANREV, INREV and PREA found 79% of investors in non-listed funds have factored ESG considerations into their investment process. The survey took in the views of real estate investors and fund of funds managers with close to $900 billion of assets under management.
However, ESG and climate change did not make it into the top three risks expected to impact investment. These were interest rate policy, inflation and geopolitics.