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1Partners
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Health & Well-being in Commercial Real EstateInsight, Execution and InnovationThe Durst Organization, 4 Times Square, New York City, NY, September 7, 2016
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3Harry EtraDirector, CodeGreen Solutions
InsightModerator: Chris Pyke, Chief Strategy Officer, Aclima 4
5Nils KokCEO, GRESB
How pension funds invest in real estate (and how they should)
Sustainability/ESG Performance
LeadershipRegulationCompanies/Buildings
Regulation provides minimum performance requirementsLeaders are in the right tail, however, the bulk is still in the bellSo, how to move the bell forward (= transformation to net-zero buildings that are safe, healthy, comfortable, connected, socially engaged etc.)
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The need to incorporate non-financial information into real estate investments
929 April 2015 2015 GRESB BVSingapore Training Session
10GRESB Real EstateAssesses the ESG performance of property companies, fund managers and developers
GRESB Real Estate DebtAssesses ESG performance of real estate lenders
GRESB InfrastructureAssesses the ESG performance of infrastructure assets and portfolios
200920152016
- Note how I mentioned Assessment of sustainability performance of real assets - GRESB is no longer only about beyond real estate portfolios We added Debt (in 2015) and Infra (March 2016) to the mix- Same reporting timeline for all three business lines
1029 April 2015 2015 GRESB BVSingapore Training Session
Performance Metrics
Transparency for ESG
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GRESB has become the Global Standard
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A new megatrend to watch health
Transparency for Health & Well-beingWhich companies and funds are promoting health and well-being?
Performance Metrics
Health and well-being policiesLeadership and accountabilityNeeds assessmentStrategies implementationPerformance monitoringRecognition/awards
GRESB Health & Well-being Module
174Property Companiesand Funds
Policies to promote health & well-being
Monitoring health & well-being outcomes
Employees
Monitoring health & well-being outcomes
Tenants & Customers
Bottom line: a significant gap
IntentExpressed through policy
OutcomesExpressed through monitoring
Policies
Monitoring
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25C. Tracy Orleans, PhDSenior Program Officer/Senior Scientist,Robert Wood Johnson Foundation
Health and Place -- At the Core of RWJFs Culture of Health MissionHealth & Well-being in Commercial Real Estate: Insight, Execution and Innovation
The Durst Organization4 Times SquareNew York, NY 10036
Wednesday, December 7, 2016Tracy Orleans, PhD(Sharon Roerty, ACIP/PP/MCRP)Robert Wood Johnson Foundation
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We recognize that health and wellbeing are greatly influenced by where we live, how we work, the soundness and safety of our surroundings, and the strength and resilience of our families and communities. Risa Lavizzo-Mourey and Alonzo Plough, 2016
Ottawa Charter, 1986 Health is created and lived by people within the settings of their everyday life, where they learn, work, play and love.
How our work and our lives come together
I love places and I love exploring places by foot or on my bicycle. And that is where my (real life) and my work converge at the RWJF my job, is to bring together people, place and health.
For 40 years The Foundations slogan has been Improving health and health care. And for 40 years much of our work was focused on clinical care, clinicians and access to care. We still care about all those things but we see them all in a bigger setting now we talk about a culture of health and taking health outside of the clinic. Sharon Roerty
How Healthy is Your Zip Code?
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www.cultureofhealth.org
33Finding metrics that guide, measure and catalyze change
34Gehl Architects work to transform NYCs Urban Plazas
35Gehl Architects: Working to transform NYCs public plazas the power of metrics
36Transforming space not only within buildings -- but also between them
Before the project
89% road space
11% people space
After the projectDesign can change behavior and urban culture
17% improvement in travel time11% increase in pedestrian numbers63% decrease in pedestrian injuries80% fewer pedestrians walking in the roadway74% say Times Square has improved dramatically
38The Revitalization of Bryant Park
39Whitney Austin Gray, PhDSenior Vice President, Delos
ExecutionModerator: Matthew Trowbridge, Associate Professor, University of Virginia, Director, Green Health Partnership40
41Matthew Trowbridge, MD MPH
Associate Professor, University of Virginia, Director, Green Health Partnership
42Anthony RavitzReal Estate & Workplace Services,Google
43Ryan PicarellaPresident & CEO, WELCOA
3 slides, need to get in PP43
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Be a transformative force that improves the health and well being of all working people.
WELCOA will recognize, educate, and provide tools and resources to improve behaviors, cultures, and the organizations we serve.VISIONMISSION
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47Yianice HernandezDirector, Healthy Living by Design, Bureau of Chronic Disease Prevention and Tobacco Control, New York City Department of Health and Mental Hygiene
48Virginia (Gina) FooteDirector of Fund Development, Conservation Law Foundation
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- Mixed-use- Mixed-income- Pedestrian-oriented- Near transit, jobs, and services- Green space and recreation- Healthy food choicesWhat Were Building: Healthy NeighborhoodsLandscape design by CBA Landscape Architects/Photograph Ed Wonsek50
#www.hnefund.org
Subordinate Capital Enhances Returns
CAPITAL STRUCTUREsenior returnsubordinate return
CLASS ACLASS BCLASS C77%16%7%Private InvestorsFoundationsPublicFunds100% repaid prior to any distributions to Class B or Class C51
#www.hnefund.org
HNEF: More than Financial Returns
Access to jobs and economic mobility
Safer, more walkable neighborhoods
Improved health and well-beingImproved health and well-being
Increased real estate valuesIncreased real estate values
Improved tax baseImproved tax base
Lower healthcare costsLower healthcare costs
Reduced GHG emissionsReduced GHG emissions
Reduced VMTReduced VMT
Increased transit ridershipIncreased transit ridership
+ Economic+ Environmental+ Community Returns =Healthy CommunitiesQuality housing for all income levelsQuality housing for all income levels52
#www.hnefund.org
Transformative Neighborhood Development: Dudley Square, Boston
Bruce BollingBuildingDartmouth HotelPalladio BuildingGoodwillHeadquartersSargent PrinceMandela Apts.Tropical FoodsMBTAOrchardGardensWarrenPalmer2201 WashingtonMelnea Hotel &ResidencesHibernianHallEustis FirehouseNortheastern UniversitySouth EndProjects Financed by MHIC in Red53
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54Eleni ReedChief Greening Officer, Office of Facilities Management, GSA Public Buildings Service
InnovationModerator: Nils Kok, CEO, GRESB55
56Kelly WordenProject Manager, Health Research,U.S. Green Building Council
78Health Affairs Whitepaperhttp://insight.gbig.org/the-state-of-health-considerations-in-commercial-real-estate/
79Chris PykeChief Strategy Officer, Aclima
Environmental intelligence for people and the planet.
Chris Pyke, Ph.D. Chief Strategy Officer
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Aclima is harnessing big environmental data to support smarter, more sustainable decision-making. Our sensor networks can be deployed indoors or outdoors on buildings, cars or bus fleets around a city.
In the case of interiors, sensor-enabled performance data enables us to convert buildings from static assets, to dynamic healthy spaces.
To enable investors, owners, managers and occupants to see and utilize buildings at different resolutions - from a portfolio perspective, down to a phone room.
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For companies today, two of the biggest operational assets and costs are a productive, healthy workforce and the buildings which house them.
Our environmental sensor data helps companies optimize the built environment for employees, but also unlocks new opportunities for measuring the environmental impact of their operations in order to support a healthier planet and people.
ACLIMA CONFIDENTIAL AND PROPRIETARY 2016Drivers of change
Research on health, well-being, and cognitive functionCompetitive market dynamicsEnabling technology
New Research
Peer-reviewed findings link building design and operation to health, well-being, and cognitive function.
Commonly experienced carbon dioxide levels affect cognitive function and productivity.
Workplace design shapes engagement, and physical activity.
Exposure to environmental pollutants reduces productivity.
First bullet: Multiple temporal and spatial scales.Second: Management of, for example: Building systemsInterior real estate attributes and layoutWorkspaces (scheduling, densification)
Third: comfort score; broaden out to performance and productivity
Competitive Markets
Green building had a global impact. Green buildings are now business-as-usual in many leading markets.This success means that long-standing labels no longer provide as much competitive differentiation. Leading owners and occupants are looking for new ways to create value.
ACLIMA CONFIDENTIAL AND PROPRIETARY 2016
New Technology
Emergence of low-cost, high quality sensors and supporting information technology.
New sensing technology can make the invisible, visible.
New information technologies can stream data from large networks of distributed sensors.
New analytics can turn complex signals into actionable insights.
First bullet: Multiple temporal and spatial scales.Second: Management of, for example: Building systemsInterior real estate attributes and layoutWorkspaces (scheduling, densification)
Third: comfort score; broaden out to performance and productivity
Sensing across Scales
Inside BuildingsNear BuildingsCity
The Aclima Environmental Intelligence Platform
Flexible hardware with plug & play sensors map thermal comfort, ventilation, light, and indoor emissions.
Scalable platform understands factors driving human health, comfort, and productivity.Unique tools deliver high quality actionable data to inform decision making.Data comes together in the cloud providing scalability to handle complex buildings and global portfolios.
An indoor environmental sensor network in GSAs Washington, DC Headquarters shows significant variation in thermal comfort, ventilation, light, and indoor emissions.
Buildings
First bullet: Multiple temporal and spatial scales.Second: Management of, for example: Building systemsInterior real estate attributes and layoutWorkspaces (scheduling, densification)
Third: comfort score; broaden out to performance and productivity
Carbon MonoxideNitrogen DioxideNitric OxideOzoneCarbon DioxideMethane / EthaneBlack CarbonUltra Fine ParticlesPM 2.5 and PM10-------Sulfur DioxideBenzeneRadiationReference Equipment + Sensors
Aclimas mobile sensing platform integrated with Google Street View Vehicles.
Autonode enables a transformative view of the environment, from the scale of the street to entire cities. 2 X Latitude & LongitudeVehicle Speed and HeadingWind DirectionWind SpeedExternal TemperatureExternal PressureLocation + MeteorologyCities
Game-Changing Transparency
Vehicle-based sensors provide unprecedented insights about environmental factors driving health and well-being in buildings and communities.These insights will inform design, operations, and public policy. ACLIMA CONFIDENTIAL AND PROPRIETARY 2016
ACLIMA CONFIDENTIAL AND PROPRIETARY 2016
LEAD THE CHANGEBy mapping our living world with large-scale environmental sensor networks, we can inform better policy decisions to support critical health protections for ourselves and our world.
William K. Reillyformer Administrator of the EPA and Senior Advisor to TPG CapitalFor more information: aclima.ioACLIMA CONFIDENTIAL AND PROPRIETARY 2016
Health & Well-being in Commercial Real EstateInsight, Execution and Innovation
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