In the United States, it has been estimated that real estate developers spend $1 trillion annually on four billion square feet of new and replaced buildings impacting 300,000 acres of land, as well as infrastructure. There is growing interest in assuring that real estate developments of the future are more responsible to our communities and natural world in addition to the given economic responsibility of investors and shareholders.
Responsible real estate investment is not philanthropy. As the market evolves, these impact investments are producing competitive short-term and superior long-term financial returns.
Real Estate Developers & Sponsors need to pay attention because the trend is that more and more capital is flowing into Responsible Real Estate Development projects. There is a real societal need for these projects, and more communities are encouraging positive impact development projects and opposing projects with negative impacts. Today, impact-oriented real estate investment funds focus on historic preservation, biophilic design, among other strategies. These strategies have positive human & natural merit in addition to generating competitive returns.
Although land is privately owned in our country, it remains part of the community in which it is located. This aspect can never be eliminated.
Source: responsiblerealestatedevelopment.com