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Value Beyond Cost Savings - Green Building Finance Consortium

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<strong>Value</strong> <strong>Beyond</strong> <strong>Cost</strong> <strong>Savings</strong>: How to Underwrite Sustainable Propertiescritical to separate the concept of public and private value when evaluating a sustainableinvestment decision from a private sector perspective. This does not mean that publicvalues and benefits cannot be considered by the private sector when making investmentdecisions, but only that such decisions should be made with a clear understanding of thedifferences between private and public values.D. ConclusionsRapid regulator, space user, and investor change regarding sustainability requiresunderwriters and valuers to increase their knowledge base and improve their practices toappropriately value and underwrite properties with sustainable features and certifications.Fortunately, due to the qualitative nature of traditional methods and practices, the realestate industry is well positioned to meet the challenges to underwriting and valuation.8

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