Matt speaks with Mark Preston, Executive Trustee and CEO of Grosvenor, on this week’s episode. Grosvenor is a 340 year-old family office and commercial property business in the UK, owned by the Grosvenor family. Their young patriarch and Chair, Hugh Grosvenor, is the Duke of Westminster.
Matt reflects that this kind of business longevity is nearly unrelatable in the real estate investment business, where the time horizon is so often three, five, or at max, fifteen, year holds.
Mark delves into what long-termism means from Grosvenor’s perspective, particularly around the issues and responsibilities surrounding carbon and community benefits for property owners.
He emphasizes that while there is growing opportunity to invest in environmentally sound real estate, it is imperative to do so, if investors and developers are going to be responsible citizens. These long-term real estate investments and developments have the potential to make a significant impact socially and environmentally — as well as financially. Mark emphasizes that long-termism is less about planning to buy and own a property for 350 years than it is about building a positive and durable reputation.
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Hamid Moghadam | Co-Founder, Chairman and CEO of Prologis
Sharon Wilson Géno | President of the National Multifamily Housing Council (NMHC)
Alice Carr | CEO of April Housing
Francis Najafi | Founder and Chief Executive Officer of Pivotal Group
Doug Weill | Co-Founder and Co-Manager of Hodes Weill & Associates
Steve Kimmelman | Founder, CEO and Executive Chairman of Redwood Living
Gary Beasley | CEO and Co-Founder of Roofstock
Brad Inman | Founder of Inman
Michael Covarrubias, Chairman and Co-CEO of TMG Partners | Cyrus Sanandaji, CEO of Presidio Bay Ventures
Mark Zandi | Chief Economist at Moody’s Analytics
Daniel Radek | President of First Washington Realty
Deb Harmon, Co-Founder and Co-Chief Executive Officer of Artemis | Anar Chudgar, Co-President of Artemis
Amanda Fajak, President of Walking the Talk | Larry Krema, Managing Director of ZRG
Rick Caruso | Founder and Executive Chairman of Caruso
Stephanie Biernbaum, Chief People Officer of Hines and Doug Holte, CEO of EXP by Hines
Scott Rechler | Chairman and CEO of RXR
Colin Connolly | President and CEO of Cousins Properties
Caroline Johns | Director of Sustainability at Pembroke
Brad Dockser | CEO and Co-Founder of GreenGen
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