The second publication in BEPN's Critical Issues Series, Value Beyond Cost Savings: How to Underwrite Sustainable Properties, will be published and available at no cost (thanks to the paper's sponsor the Green Building Finance Consortium) to all BEPN registered subscribers for download on Tuesday, April 20, 2010.
The publication presents the key findings and conclusions regarding the valuation and underwriting of sustainable properties from three years of independent research by the Green Building Finance Consortium. It is designed to assist private investors and their service providers in making better financially-based sustainable property investment decisions. The book addresses sustainable property investment decision-making, measuring and evaluating a property's sustainability, establishing the incremental value of sustainable investments (and introduces a novel sustainable property performance framework that directly supports financial analysis, valuation and underwriting), identifies a six-step process for sustainable property financial analysis (including checklists and tools to assist in this analysis), and outlines a process for conducting underwriting/due diligence on sustainable property investments. The book is supported by ten appendices that provide further elaboration and examples.
BEPN's Critical Issues Series focuses on important business issues related to green buildings and sustainable development that can potentially have significant impact on the commercial real estate industry. To promote discussion, you are encouraged to post on this blog (below) all comments and feedback on the book.