The influence of energy considerations on decision making by institutional real estate owners in the U.S

Christensen, PH; Robinson, SJ; Simons, RA

The influence of energy considerations on decision making by institutional real estate owners in the U.S

Christensen, PH

Robinson, SJ Simons, RA

Permalink

Publication Type:: Journal Article
Citation:: Renewable and Sustainable Energy Reviews, 2018, 94 pp. 275 - 284
Issue Date:: 2018-10-01

Closed Access

	Filename	Description	Size
	1-s2.0-S1364032118304118-main.pdf	Published Version	1.17 MB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Christensen, PH https://orcid.org/0000-0002-1676-8570	en_US
dc.contributor.author	Robinson, SJ	en_US
dc.contributor.author	Simons, RA	en_US
dc.date.issued	2018-10-01	en_US
dc.identifier.citation	Renewable and Sustainable Energy Reviews, 2018, 94 pp. 275 - 284	en_US
dc.identifier.issn	1364-0321	en_US
dc.identifier.uri	http://hdl.handle.net/10453/129473
dc.description.abstract	© 2018 Elsevier Ltd Large bodies of literature investigate the energy and resource impact of green buildings on consumers, environment, rent and society. However, little research exists that examines the habits and decision-making preferences of owners who operate and invest in these buildings. Industry interviews with senior-level representatives of U.S.-based institutional real estate owners (e.g. REITs, Pension Funds, Opportunity Funds, and Investment Managers) were conducted to assess energy reporting, data tracking, labeling preferences and upgrade decision making. The interviews revealed that EnergyStar and GRESB are primary reporting outlets, with LEED also relevant. Energy tracking mechanisms were quite disparate, ranging from custom built systems, EnergyStar Manager, third party providers or limited tracking. Upgrades were primarily driven by cost-benefit analysis and not sustainability-related motivations. This research shows that energy efficiency and tracking mechanisms have become the norm for institutional owners and investors.	en_US
dc.relation.ispartof	Renewable and Sustainable Energy Reviews	en_US
dc.relation.isbasedon	10.1016/j.rser.2018.05.061	en_US
dc.subject.classification	Energy	en_US
dc.title	The influence of energy considerations on decision making by institutional real estate owners in the U.S	en_US
dc.type	Journal Article
utslib.citation.volume	94	en_US
utslib.for	0905 Civil Engineering	en_US
utslib.for	1299 Other Built Environment and Design	en_US
utslib.for	09 Engineering	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	94	en_US

Abstract:

© 2018 Elsevier Ltd Large bodies of literature investigate the energy and resource impact of green buildings on consumers, environment, rent and society. However, little research exists that examines the habits and decision-making preferences of owners who operate and invest in these buildings. Industry interviews with senior-level representatives of U.S.-based institutional real estate owners (e.g. REITs, Pension Funds, Opportunity Funds, and Investment Managers) were conducted to assess energy reporting, data tracking, labeling preferences and upgrade decision making. The interviews revealed that EnergyStar and GRESB are primary reporting outlets, with LEED also relevant. Energy tracking mechanisms were quite disparate, ranging from custom built systems, EnergyStar Manager, third party providers or limited tracking. Upgrades were primarily driven by cost-benefit analysis and not sustainability-related motivations. This research shows that energy efficiency and tracking mechanisms have become the norm for institutional owners and investors.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/129473