Transcription of Economic Impacts - nebf.com
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Economic Impacts - nebf.com
NEBF and NEAPE conomic Impacts of Real Estate InvestmentsJUNE 2021 CONTENTSA cknowledgements .. 2 Executive Summary .. 3 Introduction .. 5 Background .. 8 Real Estate Investment Managers in the Study .. 13 Economic impact Methodology .. 18 Economic impact Results..25 Conclusion..33 Appendices .. 34 ACKNOWLEDGEMENTSNEBF and NEAP engaged Alec Josephson, senior economist, and president of Pinnacle Economics, to prepare this Economic impact analysis. Pinnacle Economics specializes in measuring Economic , fiscal and socioeconomic Impacts and its earlier, extensive work with BentallGreenOak, AFL-CIO Housing Investment Trust and Ullico using input-output modeling to measure the Impacts of real estate investments established a framework and methodology for this report. NEBF and NEAP are grateful for the analyses, contributions, comments and inputs provided by the real estate investment managers and their staff who participated in this report, including AFL-CIO Building Investment Trust (BIT), AFL-CIO Housing Investment Trust (HIT), ASB Real Estate Investments (ASB), BentallGreenOak, National Real Estate Advisors (National), and Ullico.
total impacts of NEBF’s and NEAP’s real estate investments in more than 835 projects across 33 states, created $14.4 billion in economic activity (or output) for communities throughout the U.S. As shown in Table 1, the total economic impacts for workers and business owners amount to $7.1 billion in labor
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