U.S. Real Estate Impact Investing

PGIM Real Estate

April 2019

Impact investing is a rapidly growing sector in which many institutional investors are increasingly deploying capital. Despite the term ‘impact investing’ being a decade old, the sector is still in its infancy. Progress toward maturation has been made, but the industry is still refining definitions and benchmarks.

In this paper, PGIM Real Estate introduces impact investing in the United States, examines the progress that’s been made in impact investing, explains why impact investments in real estate are important to creating and preserving access to economic opportunity, illustrates how impact investments in real estate can generate measurable social change and financial returns, and measures some of the risks associated with impact investments in real estate.