Home Ownership and the Decision to Invest in REITs

Waggle, Doug; Johnson, Don

doi:10.1080/10835547.2004.12089696

Cited by 10 publications

References 21 publications

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Exploring responsible property investing: a survey of American executives

Pivo

2007

Corp Soc Responsibility Env

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Property is an important part of modern economies with signifi cant social and environmental consequences. As a result, practitioners and scholars have begun focusing on the social responsibility and sustainability of property investors. This paper expands that work by examining Responsible Property Investing among investment organizations in the United States. Responsible Property Investing is defi ned as efforts that go beyond compliance with minimum legal requirements to better manage the environmental, social, and governance issues associated with property investing. A survey of senior American executives fi nds that most organizations are going beyond com pliance, implementing management strategies and investing in properties that are consistent with Responsible Property Investment principles. Most executives also place their organization beyond compliance in a Responsible Property Investing stage model. Business concerns are the leading drivers and impediments. Among the various types of organizations studied, pension funds, foundations and endowments lag behind others in implementing Responsible Property Investing. Copyright

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