Following the events of the still unfolding economic and financial crisis involving Real Estate, there has been a growing awareness of having to formulate proposals and scenarios (in Real Estate) that have the characteristics of socially responsible investments; therefore, in line with the papal Encyclical Laudato Si’, these proposals and scenarios must aim to growth based on a development that is "sustainable" both environmentally and socially. Settlement production processes are starting to carried out in the form of "Impact Investment", a responsible in-vestment related to ethical finance. Based on these premises, this paper will: i) first briefly analyze the nature of an "Impact Investment" and what characterizes and sets it apart from “Traditional Investments”; ii) then, based on the analyses made, it will be possible to identify the elements for formulating a procedure (of the multi-criteria type) aimed at assessing an "Impact Investment" in Real Estate. Lastly, the procedure will be applied to a case study involving a Social Housing initiative in the Municipality of Ladispoli (Rome).

"Impact Investments" in Real Estate: Opportunities and Appraisal / Guarini, Maria Rosaria; Battisti, Fabrizio; Chiovitti, Anthea. - STAMPA. - (2018), pp. 579-592. - GREEN ENERGY AND TECHNOLOGY. [10.1007/978-3-319-78271-3_46].

"Impact Investments" in Real Estate: Opportunities and Appraisal

Maria Rosaria Guarini;Fabrizio Battisti;Anthea Chiovitti
2018

Abstract

Following the events of the still unfolding economic and financial crisis involving Real Estate, there has been a growing awareness of having to formulate proposals and scenarios (in Real Estate) that have the characteristics of socially responsible investments; therefore, in line with the papal Encyclical Laudato Si’, these proposals and scenarios must aim to growth based on a development that is "sustainable" both environmentally and socially. Settlement production processes are starting to carried out in the form of "Impact Investment", a responsible in-vestment related to ethical finance. Based on these premises, this paper will: i) first briefly analyze the nature of an "Impact Investment" and what characterizes and sets it apart from “Traditional Investments”; ii) then, based on the analyses made, it will be possible to identify the elements for formulating a procedure (of the multi-criteria type) aimed at assessing an "Impact Investment" in Real Estate. Lastly, the procedure will be applied to a case study involving a Social Housing initiative in the Municipality of Ladispoli (Rome).
2018
Integrated Evaluation for the Management of Contemporary Cities
978-3-319-78270-6
978-3-319-78271-3
Multi-Criteria decision analysis; impact investment; TOPSIS; socially responsible investments/funds
02 Pubblicazione su volume::02a Capitolo o Articolo
"Impact Investments" in Real Estate: Opportunities and Appraisal / Guarini, Maria Rosaria; Battisti, Fabrizio; Chiovitti, Anthea. - STAMPA. - (2018), pp. 579-592. - GREEN ENERGY AND TECHNOLOGY. [10.1007/978-3-319-78271-3_46].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1175736
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