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A new report from two executives at Aviva Investors, the global asset manager that is part of the UK-based Aviva Group, looks at real estate debt as a way to play the transition to a low-emissions or even a no-net-emissions world.
One key source of value here is that the market has thus far been inefficient. That is, as the authors say, “the impact of climate change is not always accurately reflected in real-estate values.”
Market participants, after all, c