A New Investor Consensus: The Rising Demand for Healthy Buildings

1 AUM numbers were provided by the company or verified by a reputable source. Currency conversions are based on the conversion rates available on December 31, 2020.

2 Principles for Responsible Investment. (2017). ESG Integration: Social Issues. UNEP Finance Initiative and United Nations Global Compact. Retrieved from

3 Watson, S. (2020). A picture of health. PERE Sustainable Investing: How is the sector measuring up on ESG? Retrieved from

4 Baker, S. (2020). Global ESG-data driven assets hit $40.5 trillion. Retrieved from Pensions & Investments:

5 Hill, R., Binns, A., & Gioia, F. (2021). ‘Green’ SASB – the unlabeled ESG opportunity. Morgan Stanley & Co. LLC.

6 Sadikin, N., Turan, I., and Chegut, A. MIT Real Estate Innovation Lab. (2020). The Finanical Impacts of Healthy Buildings.

7 CBRE. (2016). Wellness in the workplace: Unlocking future performance. Retrieved from

8 PWC. (2011). Millennials at work: Reshaping the workplace. Retrieved from

9 CBRE. (2016). Millennials: Myths and Realities. Retrieved from

10 Lassar, T., Federman, M., & Hammerschmidt, S. (2014). Building for Wellness: The Business Case. Urban Land Institute. Retrieved from

11 Pivo, G., and Fisher, J. D. (2011). The walkability premium in commercial real estate investments. Real Estate Economics, 1-35.

12 Cortright, J. (2009). Walking the Walk: How walkability raises home values in U.S. cities. CEOs for Cities. Retrieved from

13 Nicholls, S. (2004). Measuring the Impact of Parks on Property Values: New Research Shows that Green Spaces Increase the Value of Nearby Housing. Parks and Recreation, 39(3), 24-32.

14 Jeffrey Brodsky, interview by Joanna Frank, December 14, 2020.

15 Vineet Bedi, interview by Reena Agarwal, February 16, 2021.

16 World Economic Forum. (2020). Measuring stakeholder capitalism: Towards common metrics and consistent reporting of sustainable value creation. Retrieved from World Economic Forum:

17 Kallio, J., et al. (2020). Assessment of perceived indoor environmental quality, stress and productivity based on environmental sensor data and personality categorization. Building and Environment, 175.