Freeway interchanges at dusk

Upcoming Events

Joint Conference on Infrastructure and Real Estate
Center for Real Estate Finance Research
NYU Stern Infrastructure Finance Initiative
April 25, 2018

Infrastructure investment and real estate are closely linked. Infrastructure initiatives are catalysis in the economic development process, often with major external benefits that are reflected in the productivity and returns on both physical and human capital on and accelerating growth. Infrastructure can fundamentally alter the economics of real estate investments, on the one hand, while real estate development creates the need for and value of infrastructure.

This inter-dependence is well understood by investors, policymakers and academics, and there is a rich body of applied research to draw on. For this reason, we have chosen to depart from the standard conference format to drill-down into three recent cases of joint infrastructure-real estate dynamics in order to draw out many of the key lessons. Each case is unique, but many of the lessons can be leveraged into other settings. The insights can encourage innovative solutions to what can seem like complex and sometimes intractable problems. Specific focus on the real estate – infrastructure links will include the New York 2nd Avenue Subway, the Panama Canal Expansion and the Dakota Access Pipeline project.