G is for governance

Environmental, social and governance (ESG) factors are increasingly important to investors, but each has its own particular issues of which investors need to be aware.

In an interview in the September 2020 issue of Institutional Real Estate Americas, Jennifer Stevens, co-founder and managing partner of Alliance Global Advisors, discusses the issue of governance.

“In my experience, governance is reflective of elements that relate to organizational structure, oversight, culture, transparency and alignment of interest. Being a good fiduciary is a reflection of good governance,” says Stevens.

She notes that governance has always been a critical part of manager assessment and investment due diligence by limited partners and consultants. And when it comes to best practices for transparency and reporting of real estate investments, Stevens says communication is cri