


This process often is supported by investment capital that seeks lower-risk returns.

Impact Investing: The Urban Socioeconomic ChallengeĬities with burgeoning populations often experience gradual gentrification of neighborhoods to appeal to middle-class buyers. What must be fixed? What must be built? How will the public and private sectors collaborate to fund the work that needs to be done? Even as we seek answers to these questions, the fundamental assumptions are in flux due to changing commuting patterns and explosive growth in shipping and delivery congestion as e-commerce moves into the mainstream. In old cities, infrastructure is aging, while in new cities the demand for new construction is rising. Urban infrastructure is integral to a city’s growth and productivity, yet it is often taken for granted as it vies with other budget priorities for funding. Infrastructure: Assets Under Increasing Pressure Notably, in Brazil, the demand for arable land comes with the threat of deforestation (Nuveen recently formalized its Deforestation Policy to help forestall this consequence across our agricultural investments). In some regions, this results in water scarcity, erosion and other problems. Urbanization means that formerly productive agricultural land must be converted to commercial and residential areas, putting more pressure on remaining arable land.
