FEATURED REPORT: The Case for Social Equity in Real Estate
with funding provided by the Randall Lewis Grant
ULI-LA’s Building Healthy Places Committee developed The Case for Social Equity in Real Estate to underscore the imperative to invest in social equity in our local communities and address the general lack of awareness with regarding how real estate professionals can play a role. The report aims to identify the “case” for focusing on social equity in real estate, demystify the concept of social equity in the context of real estate development, challenging the notion that equitable projects will have a negative impact on return on investment (ROI), and encouraging industry professionals to adopt practices that support social equity and positive legacies in the Los Angeles region—the communities we serve.
Thanks to a generous grant from ULI Trustee Randall Lewis and the insights provided by local leaders and experts, this multi-year research project explored how addressing social equity can improve lives and opportunities for community residents, support individual wellbeing and local economic development, as well as benefit developers’ business by increasing returns on investment.
Key findings are defined in detail among five categories: creating measurable impact, equitable process, community partnerships and outreach, corporate policies and practices, and government interventions.
Thank you to our research team: Rachel Moscovich (Research Lead); Silvia Saucedo, Claudia Carol, and Donald R. Spivak (Research Advisory Committee); Veronica Castro, Eugenia Huang, and Michael Phillips (Research Assistants); Ada Peng, Michael Banner, and Paul Hudson (Peer Advisors).
Special thanks to our interviewees: Robin Billups (The Billups Group), Kecia Boulware (The Michaels Organization), Daryl Carter (Avanth Capital Management), Vanessa Carter (USC Equity Research Institute), Stacy Cumberbatch (Blended Impact Labs), William Lee (Avalon Bay Communities), Steven Lewis, FAIA, NOMAC, LEED AP (ZGF), John Perfitt (Restore Neighborhoods LA), Steve Pontell (National Core), Ed P. Reyes (River LA), Dan Rosenfeld (Land Use Solutions), Tony Salazar (McCormack Baron Salazar), Leandro Tyberg (Primestor Development), Jonathan Watts (KFA Architecture).
LEED and WELL Building Certification Tool
ULI-LA Building Healthy Places and USGBC have partnered to create this dynamic project checklist for clients to self-score and benchmark their respective project targets, ahead of consultant engagement for LEED and WELL Building Standard certifications.
Both organizations are dedicated to the preservation of our environment and the health and wellbeing of the people to ensure that we all work, live and thrive!
View and download a PDF version of the checklist here.