11.S949
Sustainable Real Estate: Economics and Business

The real estate industry plays a crucial role in achieving sustainable goals locally and globally. The operation and construction of buildings account for more than 35% of energy use and account for nearly 40% CO2 emissions. Technology, climate science, and regulation have developed dramatically in recent years. Real estate investors and market players are increasingly putting sustainability at the center of their investment approach, including discarding investments that present high sustainability-related risks and launching green and low-carbon investment products. This course is designed to provide students deep insights into the tension and synergy between sustainability and the real estate industry. The course will answer questions such as:

• Why does sustainability matters to the real estate industry?
• How can the real estate sector contribute to sustainability while being profitable?
• What are the investment and market opportunities for sustainable real estate products?

This course integrates the economic analysis and business strategy of sustainable real estate at three levels: (1) buildings as the basic physical assets of sustainable real estate, (2) cities as the context of sustainable real estate where individual buildings interact with the built environment and urban systems; (3) portfolios as a pool of sustainable real estate investment vehicles in capital markets.

We look forward to seeing you in our classroom!