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Currently, a substantial amount of real estate assets are located in coastal cities vulnerable to the effects of climate change, from catastrophic events such as hurricanes and flooding, to more gradual changes such as sea level rise or extreme heat.Recent research has shown that the impact of real and perceived risks of climate change are already beginning to be reflected in pricing of residential real estate, and commercial real estate may be next.This session will kick off with key findings from a new global research project by Heitman and ULI, Climate Risk and Real Estate Investment Decision-Making. The report shows how investment managers and investors are factoring climate risk into their decision-making and management processes. Key leaders from across the sector will then discuss the actions they are taking to evaluate and manage climate risk and future proof their portfolios
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Speakers:
Lisette van Doorn (moderator), CEO, ULI Europe
Lisette van Doorn, a highly regarded real estate investment professional with experience across Europe, was appointed chief executive of ULI’s European operations in January 2015.
Van Doorn joined ULI from LIRE, her own consultancy business, which advises international institutional real estate investors and fund managers on strategy, organisational optimization and portfolio structuring. Prior to this, van Doorn was country manager for CBRE Global Investors where she managed a €1.6bn portfolio of assets in Italy and fund manager of two shopping centre funds (€ 1.3 billion) with assets in Spain, Portugal and Italy.
Before joining CBRE Global Investors, van Doorn was founding chief executive for INREV, the European association for Investors in Non-Listed Real Estate Vehicles for four and a half years. Van Doorn started her career at ING Investment Management, where she held account manager and assistant controller positions before being made managing director of research & strategy for ING Real Estate Investment Management Europe.
Billy Grayson (moderator), Executive Director, Center for Sustainability and Economic Performance, ULI
As Executive Director for the Center for Sustainability at ULI, Mr. Grayson manages a team leading programs on climate risk and resilience, health and wellness, and building energy and environmental performance. ULI works with members, community leaders, coalition partners, and other key stakeholders to build awareness around sustainability issues in the built environment, and to provide our members with the tools and resources they need to cost-effectively drive sustainability into their projects and operations.
Mr. Grayson has over a decade of experience leading energy and sustainability initiatives in real estate, distribution, and supply chain operations. As Sustainability Director at Liberty Property Trust, Mr. Grayson led a 500+ building initiative that included green building construction, energy efficiency retrofits, and sustainability-focused property management strategies and tenant engagement. As Vice President, Social and Environmental Sustainability for the Electronics Industry Citizenship Coalition (EICC), Mr. Grayson led a global compliance program working with the electronics supply chain to identify and mitigate environmental and human rights risks in their shared supply chain, as well as programs addressing climate change mitigation. As Sustainability Director at WESCO, Mr. Grayson developed an operational sustainability program that reduced energy, water, and waste, and launched a global marketing initiative for WESCO’s sustainability-focused energy technology products and services.
Mr. Grayson holds an MBA and a Masters of Public Policy from the University of Maryland and a Bachelors in Environment, Economics, and Politics (EEP) from Claremont McKenna. He is a LEED AP and former Board member of the Delaware Valley Green Building Council and NAREIT Sustainability Advisory Committee.
Brian Klinksiek, Director of Strategy and Research Operations, Heitman
Brian Klinksiek is Director of Strategy and Research Operations, based in London, and an equity owner of the firm. He is responsible for the global coordination of the research team and the formulation of Heitman’s house view. Brian is also closely involved in the development of global portfolio construction strategies for Heitman and its clients, and is the architect of the firm’s “DECODE” framework for cross-border investment.
Brian has held a range of research roles at Heitman including, most recently, Director of European Investment Research for nine years. Prior to that, he was based in Chicago where he covered the North American logistics market and supported investment activity across other sectors.
Brian received a BA with honors and distinction from Stanford University and an MBA with high honors in finance and economics from the Booth School of Business at the University of Chicago. He is a dual US and UK national.
Lisa Dickson, Associate Principal, Arup
Lisa Dickson is and Associate Principal in Arup’s Boston office and the Director of Resilience for the Americas. She has expertise in translating the risk of climate change into resilient solutions, with a particular emphasis on infrastructure. She has led multiple projects including work for the World Bank, Logan International Airport, Washington D.C., the MBTA, Army National Guard, tech clients and large-scale developers.
In 2017, she presented at a Congressional Briefing on ways to incentivize investment in resilient infrastructure and has been invited to the Pentagon to present on her work related to climate security. She has been a technical advisor on two separate NSF-funded panels focusing on investment-grade performance metrics for resilience, and is a faculty member of an executive-level course on financing resilience offered through MIT’s Sloan School of Management.