Sustainability
0 DAYS TO THE EVENT
Apr 27, 8:00 AM EDT
Convene, 530 5th Avenue, NYC

The NAREIM Sustainability meeting is your opportunity to network with peers and enjoy candid conversations on the realities of scaling and growing the real estate investment management organization of today.

Registration fee: $750

Convene Vaccination Policy, as of April 12, 2022: 

  • Masks: Masks are not required indoors in NYC.

  • Vaccines: All guests need to be vaccinated or show proof of a negative Covid test to enter the Convene space. Convene states guests must show a government issued photo ID with either proof of full vaccination OR a negative COVID test (PCR or Rapid) taken within 48 hours of the event start date. Test results must be accompanied by a digital readout stating the attendee’s full name along with date and time the test was performed. Convene will not accept a physical rapid test as proof of a negative.

  • This policy will be updated regularly according to local, city and state mandates.

attending firms

AEW Capital Management; Alidade Capital; Barings Real Estate Advisors; Berkshire Residential Investments; BlackRock; Blackstone; Clarion Partners; Cortland; eTool Global; GEM Realty Capital; Harrison Street; Inland Institutional Capital; J.P. Morgan Asset Management; KKR; LaSalle Investment Management; Lionstone Investments; Longevity Partners; MetLife Investment Management; Morgan Stanley Investment Management; MultiGreen Properties; New York Life Real Estate Investors; Nuveen Real Estate; Partner Engineering and Science, Inc.; Pennybacker; PGIM Real Estate; Rockpoint Group; RXR Realty; STAG Industrial; STO Building Group; Stockbridge Capital; TA Realty; The CenterCap Group; The Green Cities Company; USAA Real Estate; Vanbarton Group; Virtus Real Estate Capital; Waterton and more

AGENDA

 

Tuesday, April 26

5.30pm: Networking & cooking competition: Institute of Culinary Excellence

As part of the Sustainability meeting, we invite members to join peers for a fun networking evening at NYC's renowned Institute of Culinary Excellence. From 5.30pm members will enjoy cocktails and a tour of the chef school, before getting hands-on competing with peers for the best dish of the evening. 

  • 5.30pm: Networking drinks and chef school tour

    • Institute of Culinary Excellence, 225 Liberty Street (Brookfield Place)

  • 6pm: Sustainability cook-off

  • 7pm: Dinner & drinks

  • 9pm: End of networking

 

 

Wednesday, April 27

8am: Breakfast

8.45am: Welcome Comments: NAREIM Sustainability Committee 

  • Chair: Mona Benisi, Executive Director, Global Head of Sustainability Real Assets, Morgan Stanley Investment Management

  • Co-chair: Jill Brosig, Chief Impact & Sustainability Officer, Harrison Street

 

8.50am: "What's on your mind?" 

  • Session Leader: Arielle Birenberg, Vice President, Head of Portfolio Operations and Sustainability, Stockbridge Capital Group 

  • Session Leader: Lauren Winkler, Senior Director of ESG, The Green Cities Company

Small-group brainstorming:

At easels in groups of no more than 6, NAREIM members will jot down 3 issues top of mind.

Whole-room feedback:

Then, we reconvene the groups to exchange best practices, challenges faced and lessons being learned. 

 

  • Format: 60-mins small-group plus whole-room Q&A

9.45am: Embodied carbon

 

  • Speaker: Henrique Mendonça, Life Cycle Designer, eTool

  • Session Leader: Anne Peck, Vice President, Head of ESG+R, TA Realty 

When it comes to ESG strategies, a majority of firms will focus on Scope 1 and Scope 2 emissions. The Scope 3 emissions associated with embodied carbon, however, bring such monumental challenges as consolidating material and manufacturer environmental product declarations across subcontractors, while tracking and calculating embodied carbon across a project's life cycle. 

 
In getting to net zero, what actions are real estate investment managers taking to reduce embodied carbon and how does this vary by property type? During a short whole-room session, NAREIM members discuss:

  • Strategies around data collection and reporting 

  • DDQ and investor questions on embodied carbon

  • Format: 15-mins presentation, 45-mins whole-room best practices sharing with Q&A

 


10.45am: Break

 


11.05am: Managers-Only Closed Door Session: What do your ESG consultants do for you?

  • Introduced by: Hannah Tillmann, VP of Sustainability, Berkshire Residential Investments

  • Session Leader: Alexander Hlavacek, VP, Inland Institutional Capital

NAREIM member investment managers will work in groups of 4 to identify the ESG consultants that offer the best value to their firms—and where they still need support. Then, during a whole room discussion, participants will work together to create a directory for ongoing use by NAREIM members.

  • Format: 30-mins, small-group exercise followed by whole-room reporting back

11.35am: Business & social change case study: MultiGreen & the impact IRR

  • Speaker: Randy Norton, Founder & Chairman of the Board, MultiGreen

Randy Norton Randy Norton discusses MultiGreen's approach to measuring impact by applying the Impact Rate of Return® (iRR®), a formula created by Howard W. Buffett. MultiGreen applies the proprietary Impact Rate of Return® methodology to estimate, track, analyze, and report on social, environmental, economic, and governance-related impact. Randy provides lessons learned on tracking and measuring the social dimension.

  • Format: 10-mins presentation, 10-mins whole-room Q&A

12pm: Networking Lunch

1pm: ESG Pilot Program case study: Selecting an “S” that emphasizes impact & brand 

 

  • Speaker: Jill Brosig, Chief Impact & Sustainability Officer, Harrison Street

 

Jill Brosig shares how to identify and develop social impact programs bespoke to your investment asset classes and highlights case studies on how Harrison Street selected, created, implemented and measured these programs.
 

  • Format: 10-mins presentation, 10-mins whole-room Q&A

1.20pm: Climate risk & resiliency case studies

  • Speaker: Mona Benisi, Executive Director, Head of Sustainability, Global Real Assets, Morgan Stanley Investment Management

  • Session Leader: Brittany Ryan, Responsible Investment Professional, Nuveen Real Estate

 

Diving into member case studies, NAREIM asks what are the tricks of the trade in terms of resiliency? And what is working in 2022 in terms of resiliency strategies - together with what is not working?
 
Case studies:

  • Mona Benisi discusses how resiliency is being built into one project underway at Morgan Stanley and shares lessons learned from implementation.

  • Brittany Ryan details Nuveen Real Estate’s strategy around resiliency including asset-type variances and challenges and how asset & portfolio managers use the data on a day-to-day basis.

 
Whole room discussion: As a group, members share the approaches taken across different regions of the US, how climate risk analyses impact budgeting and capital plans, and how the process of analyzing climate risk differs by property type. Questions include:

  • How are you using climate risk data in investment decision-making?

  • Which tools are you using and how do you interpret the data? 

  • How are acquisitions, asset and portfolio managers utilizing that data on a day-to-day basis?

  • What lessons have you learned from implementing a climate risk program?

  • How does the process vary by property type? How do you collect data on triple net assets or assets where tenants control the data?

  • Format: 15-mins presentation, 45-mins whole-room best practices sharing with Q&A

2.20pm: Break

 

2.35pm: Business & social change case study: RXR and NYC’s EDC

  • Speaker: Eric A.​ Clement, SVP, Fund Manager, Social Impact & Sustainability Investments, RXR Realty

 

Eric Clement highlights the work he did at NYC's Economic Development Corporation using commercial return investments (rather than tax incentives and grants) to have impact in local communities - and deliver returns back to taxpayers and available for reinvestment.

  • Format: 10-mins presentation, 10-mins whole-room Q&A

2.55pm: Getting to Net Zero - which data and why?

  • Speaker: Tony Liou, President, Partner Energy 

  • Session Leader: Lauren Winkler, Senior Director of ESG, The Green Cities Company

The path to Net Zero or decarbonization is one many investment managers have started to explore and execute. But NAREIM members ask - precisely what data are you incorporating to track progress? Which tools are you using and how are you applying various guidelines and methodologies, such as SBTI and CRREM?
 
During roundtable discussions, NAREIM members focus on the application of Net Zero strategies and the data and reporting underlying it. In small groups, members ask:

  • How are you applying various guidelines and methodologies, including SBTI-CRREM pathway? How are you thinking about achievement roadmaps? 

  • Are you doing net zero audits? Or, are you focused more on procuring 100% renewable energy?

  • What are you doing to engage your local and regional partners to drive forward your strategy? How do you get them to own it?

  • Format: 15-mins presentation, 35-mins small-group discussions followed by whole-room best practices sharing with Q&A throughout

3.45pm End of meeting

LOCATION

Convene

530 Fifth Avenue

New York, NY 10036

NAREIM does not have a hotel room block for the Sustainability Meeting. However the following hotels are located close to Convene:

Nearby hotels:

convene5305th.jpeg

2022 committee members

Chair: Mona Benisi, Morgan Stanley Investment Management

Co-chair: Jill Brosig, Harrison Street

Hannah Tillmann, Berkshire Residential 

Rachel Woolf, Blue Vista Capital Partners

Lauren Winkler, Green Cities Company

Mark Vollmer, New York Life Real Estate Investors

Jessica Long & Brittany Ryan, Nuveen

Bob Geiger & Tony Liou, Partner Engineering and Science

John Seaton, RealFoundations

Arielle Birenberg, Stockbridge Capital Group

Anne Peck, TA Realty

June Munshi, The CenterCap Group

Alexander Hlavacek, The Inland Real Estate Group

Thomas Enger, UBS Real Estate

Past Agendas

NAREIM meetings are open to NAREIM members only and their guests. For further information on attending meeting or other NAREIM discussions, please contact Zoe Hughes, CEO. Please note that any executive who is not a NAREIM member, guest of a member or working in the real estate investment management industry will not be admitted to NAREIM events. NAREIM reserves the right to decline any registration. By registering for NAREIM events, you are consenting to NAREIM’s privacy policy.