Real Estate Attorneys Discuss the Impact of Climate Risk in Real Estate

In The News
October 4, 2024

In an article for Law360, real estate investments & transactions partner Peter Alpert and counsel Peter Scherer discussed how climate factors have become pertinent considerations in property decisions. "Clients need to be thinking about how climate risk will impact operations, not just property portfolios," Alpert noted. Similarly, Scherer pointed out that climate risk factors "should already be priced into the insurance markets."

"How investors have been addressing climate risk in their business and real estate decisions mirrors six or seven years ago when the same clients were facing regulation of PFAS, or per- and polyfluoroalkyl substances, under the Comprehensive Environmental Response, Compensation and Liability Act," both Alpert and Scherer added.