(Featuring Tracy Loh, Fellow, Anne T. and Robert M. Bass Center for Transformative Placemaking, Brookings Institution)
The COVID-19 pandemic forced many investors to restructure their agendas. What does it mean to "reset real estate," and what role should investors have in imagining in the future of the world?
https://www.afire.org/podcast/real-estate-reset/
In this new episode of the AFIRE Podcast—the first of a two-part conversation—podcast host and AFIRE CEO Gunnar Branson sits down with Tracy Loh of the Brookings Institution, and co-author of Brookings' "The Great Real Estate Reset: A data-driven initiative to remake how and what we build," to unravel the economic, social, and political trends that have accelerated during the pandemic—and will significantly affect the real estate landscape for years to come.
In order to create change in a major sector in the economy—one which constitutes 43% of all investment assets in the US—it is crucial to look at the fundamentals of the industry, and where they fit into the larger social context. Climate change, social unrest, and other emergent imbalances and crises indicate the need to "reset" the status quo. According to Loh, we must "think bigger about new policies that are more just and prioritize an economy that is more resilient."