WealthManagement.com recently published an article that explores the question of whether real estate investment trusts (REITs) deserve a place in a Sustainable and Responsible Investing portfolio.
Jennifer Popovec writes, “Many property owners report that commercial buildings with energy efficiency ratings command significantly higher rents, boast higher occupancy rates, and achieve higher sale prices compared to conventional buildings. Likewise, a number of apartment REITs indicate that today’s renter is increasingly interested in living in communities that are “environmentally conscious.”
‘We have observed that the payback from doing green, environmentally focused activities is pretty high in real estate versus other industries,’ says Stephanie Leighton, senior vice president and portfolio manager with Trillium Asset Management.”
You can read the entire article here.