Gary E Pivo

Interests

Teaching

Urban Planning, Real Estate, Sustainable Cities

Research

urban water resources, responsible property investing, affordable housing

Courses

Scholarly Contributions

Chapters

• Pivo, G. E. (2008). Sustainability Through Responsible Property Investing. In Sustainable Investing: The Art of Long Term Performance. London: Earthscan.

Journals/Publications

• Adkins, A. S., Sanderford, A. R., & Pivo, G. E. (2017). How Location Efficient Is LIHTC? Measuring and Explaining State-Level Achievement. Housing Policy Debate, 21.
• Adkins, A., Sanderford, A., & Pivo, G. (2017). How Location Efficient Is LIHTC? Measuring and Explaining State-Level Achievement. HOUSING POLICY DEBATE, 27(3), 335-355.
• Hammer, J., & Pivo, G. (2017). The Triple Bottom Line and Sustainable Economic Development Theory and Practice. ECONOMIC DEVELOPMENT QUARTERLY, 31(1), 25-36.
• Hammer, J., & Pivo, G. E. (2016). When Three Equals One: Triple Bottom Line Economic Development in Theory and Practice. Economic Development Quarterly, 31(1), 11.
• Pivo, G. E. (2014). Unequal access to energy efficiency in US multifamily rental housing: opportunities to improve. BUILDING RESEARCH AND INFORMATION, 42(5), 551-573.
• Pivo, G. E. (2014). Walk Score: The Significance of 8 and 80 for Mortgage Default Risk in Multifamily Properties. J of Sustainable Real Estate, 6(none), 187-210.
• Pivo, G. (2013). The Definition of Affordable Housing: Concerns and Related Evidence. Fannie Mae Commentary.
  More info

  This paper evaluates three critiques of the 30 percent of income criteria typically used to define housing affordability.
• Pivo, G. (2013). The Effect of Transportation, Location, and Affordability Related Sustainability Features on Mortgage Default Prediction and Risk in Multifamily Rental Housing. Fannie Mae Commentary.
  More info

  This paper examines the relationship between certain sustainability features and default risk in multifamily housing. With the exception of housing affordability, the features studied are a function of property location. Dr. Pivo concludes that sustainability features should be given greater consideration in the loan origination process.
• Pivo, G. E. (2013). The Effect of Sustainability Features on Mortgage Default Prediction and Risk in Multifamily Rental Housing. Journal of Sustainable Real Estate.
  More info

  This study examines the relationship between transportation-, location-, and affordability-related sustainability features and default risk in multifamily housing. It finds that sustainability features can be used to improve the prediction of mortgage default and reduce default risk. The study uses 37,385 loans in the Fannie Mae multifamily portfolio at the end of 2011:Q3. The results suggest two implications for practice. First, certain aspects of sustainability can be fostered without increasing default risk by adjusting conventional lending standards. Second, lenders could improve their risk management practices by taking stock of sustainability features when loans originate.
• Pivo, G. E. (2013). Walk Score and Multifamily Default: The Significance of 8 and 80. Fannie Mae Commentary.
  More info

  This paper examines the relationship between Walk Score, a widely available indicator of walkability, and mortgage default risk in multifamily rental housing.
• Pivo, G. (2012). Energy Efficiency and its Relationship to Household Income in Multifamily Rental Housing. Fannie Mae Commentary.
  More info

  The paper examines the energy efficiency of multifamily rentals in comparison to other housing types and its relationship to household income. It analyzes 2005 and recently released 2009 data from the U.S. Residential Energy Consumption Survey and finds that multifamily rentals were less energy efficient than other types of housing, both nationwide and in every region of the country. Nationwide, in 2009, multifamily rentals averaged 34 percent fewer energy efficiency features than the number found in other types of housing (7.4 vs. 11.2). Multifamily rentals added efficiency features between 2005 and 2009, but the efficiency gap between them and other housing types shrank only slightly. In addition, the paper shows that lower income multifamily renters lived in less efficient units than higher income multifamily renters in 2005 and they fell further behind from 2005 to 2009.
• Pivo, G. E., & Fisher, J. (2011). The Walkability Premium in Commercial Property Investing. Real Estate Economics, 39(2).
• Pivo, G., & Fisher, J. D. (2011). The Walkability Premium in Commercial Real Estate Investments. REAL ESTATE ECONOMICS, 39(2), 185-219.
• Pivo, G. E. (2010). Owner-Tenant Engagement in Sustainable Property Investing. Journal of Sustainable Real Estate, 2(1).
• Pivo, G. E., & Fisher, J. (2010). Income, Value, and Returns in Socially Responsible Office Properties. Journal of Real Estate Research, 32(3).
• Pivo, G., & Fisher, J. D. (2010). Income, Value, and Returns in Socially Responsible Office Properties. JOURNAL OF REAL ESTATE RESEARCH, 32(3), 243-270.
• Pivo, G. E. (2009). Social and Environmental Metrics for US Real Estate Portfolios: Sources of Data and Aggregation Methods. Journal of Property Investment and Finance, 27(5), 481-510.
• Pivo, G. E. (2008). Exploring Responsible Property Investing: A Survey of American Executives. Corporate Social Responsibilty and Environmental Management, 15(4), 235-248.
• Pivo, G. E. (2008). Exploring Responsible Property Investing: a Survey of American Executives. CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 15(4), 235-248.
• Pivo, G. E. (2008). Responsible Property Investing: What the leaders are doing. Journal of Property Investment and Finance, 26(6), 562-76.
• Pivo, G. E. (2008). Responsible property investment criteria developed using the Delphi Method. BUILDING RESEARCH AND INFORMATION, 36(1), 20-36.
• Pivo, G. E. (2008). Responsible property investment criteria developed using the Delphi Method. Building Research & Information, 36(1), 20 – 36.
• Pivo, G. E. (2007). Is There a Future for Socially Responsible Property Investments?. Real Estate Issues/Counselors in Real Estate.
  More info

  Reprinted in Socially Responsible Investing, Institute of Chartered Financial Analysts of India, 2007;Full Citation: Pivo, G., 2005. Is There a Future for Socially Responsible Property Investments? Real Estate Issues. V30, n5: 16-26. ;
• Pivo, G. E., & , M. F. (2007). Doing Good - and Doing Well. Urban Land/Urban Land Institute.
  More info

  ;Full Citation: Floca, M. and Pivo, G., 2007. Doing Good - and Doing Well. Urban Land, VOL 66, n6: 118-120.;Other collaborative: Yes;Specify other collaborative: Collaborative with staff writer.;Type of Publication: Trade Journal Publication;
• Pivo, G. E., & McNamara, P. (2007). Responsible Property Investing. International Real Estate Review/Asian Real Estate Society.
  More info

  ;Full Citation: Pivo, G. and McNamara P, 2005. Responsible Property Investing. International Real Estate Review, v8, 1: 128-143;Other collaborative: Yes;Specify other collaborative: Collaborative with PRUPIM executive.;

Proceedings Publications

• Pivo, G. E., & Wood, D. (2007). Conference Report: Real Estate and Socially Responsible Investment.
  More info

  ;Full Citation: Wood, D. and Pivo, G. 2006. Conference Report: Real Estate and Socially Responsible Investment: New Products, New Investment, New Value. ;Electronic: Yes;Other collaborative: Yes;Specify other collaborative: Collaborative with Boston College staff member;

Presentations

• Stoker, P. A., Pivo, G. E., & Stoicof, A. (2016, Spring). Integrating Land Use Planning and Urban Water Management: Mapping the Connections. Arizona APA Brown Bag Lunch Series. University of Arizona.
• Stoker, P. A., Pivo, G. E., Stoicof, A., Kavkewitz, J., Stoker, P. A., Pivo, G. E., Stoicof, A., & Kavkewitz, J. (2016, November). Integrating Land Use Planning and Water Management: Mapping the Connections. Association of Collegiate Schools of Planning. Portland.
• Pivo, G. E. (2007, 2005-02-01). Responsible Property Investing. 3. UN Environment Program Finance Initiative, Principles for Responsible Investing Expert Panel. Toronto.
  More info

  ;Invited: Yes;Refereed: Yes;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2005-09-01). Socially Responsible Real Estate Investing. 21. Socially Responsible Investment Forum. SRI in the Rockies Conference. Salt Lake City.
  More info

  ;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2006-06-01). Real Estate and Socially Responsible Investment Funds. 19. The Real Estate Roundtable, Energy and Environment Policy Advisory Committee. Washington DC.
  More info

  ;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2006-10-01). Responsible Property Investing: Definition and Value. 18. Socially Responsible Investment Forum. SRI in the Rockies Annual Conference. Colorado Springs.
  More info

  ;Type of Presentation: Panel Discussant (Reporting Research);
• Pivo, G. E. (2007, 2006-11-01). Global Response to Climate Change. 2. Greenbuild 06 International Conference and Expo. Denver.
  More info

  ;Invited: Yes;Type of Presentation: Professional Organization;
• Pivo, G. E. (2007, 2007-02-01). Responsible Property Investing. 16. Kennedy Associates Real Estate Counsel. Phoenix.
  More info

  ;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2007-02-01). Responsible Property Investing. Green Cities 07, Australasian Conference and Expo, Property Council of Australia and Green Building Council of Australia. Sydney.
  More info

  ;Invited: Yes;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2007-02-01). Responsible Propety Investing. 17. Institutional Real Estate, Inc., Visions, Insights, and Perspectives. Phoenix.
  More info

  ;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2007-06-01). Update on RPI. 15. The Real Estate Roundtable, Energy and Environment Policy Advisory Committee. Washington, DC.
  More info

  ;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2007-09-01). CSR and Real Estate. 13. BOMA National Advisory Council Meeting. Phoenix.
  More info

  ;Invited: Yes;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2007-11-01). Green Buildings: Evidence for Investors. 14. Institutional Real Estate, Inc., Dealmakers Summit. Phoenix.
  More info

  ;Invited: Yes;Type of Presentation: Invited/Plenary Speaker;
• Pivo, G. E. (2007, 2007-11-01). RPI: What the Leaders are Doing. UNEP FI Property Working Group. New York City.
  More info

  ;

Others

• Pivo, G. E., Sanderford, A. R., Smith, K., Jensen, L., Abu-Khalaf, A., Santos, S., & Zhong, L. (2016, June). Gap Analysis of Affordable Housing in Pima County, Arizona. Family Housing Resources. http://capla.arizona.edu/sites/default/files/faculty_papers/Gap%20Analysis%20of%20Affordable%20Housing%20in%20Pima%20County_Printable%20without%20Map%20Folio.pdf
• Pivo, G. E., & Arabi, M. (2015, June). Breaking Out of Silos. UWIN Urban Water Innovations Network Website. https://erams.com/UWIN/818/
• Pivo, G., & An, X. (2015, March). Default Risk of Securitized Commercial Mortgages: Do Sustainability Property Features Matter?. RERI Working Papers. http://www.reri.org/research/working.cfm
• Hammer, J., McCullough, M., Pivo, G., & Goldstein, I. (2014, January). The Triple Bottom Line Tool: Version 1.0. US Economic Development Administration. http://www.tbltool.net
  More info

  The Triple Bottom Line Tool helps optimize and communicate investment alignment with economic, environmental, and social performance– what's referred to as the triple bottom line or TBL.
• Hammer, J., Pivo, G. E., & McCullough, M. (2012, June). The Triple Bottom Line Tool: Beta Version. US Economic Development Administration. http://www.tbltool.org
• Pivo, G. E. (2009, November). Owner-Tenant Engagement in Responsible Property Investing: A report by the UNEP Finance Initiative Property Working Group. UN Environment Programme Finance Initiative. http://www.unepfi.org/publications/property/index.html
  More info

  Successful Responsible Property Investment strategies often depend on owner-tenant cooperation. This report presents several stories from leading property organizations that are committed to sustainability and responsible investing on innovative ways to promote better cooperation between owners and tenants.
• Pivo, G. E. (2008, October). Building responsible property portfolios: a review of current practices by UNEP FI and PRI signatories. UNEP Finance Initiative and Principles for Responsible Investment. http://www.unepfi.org/publications/property/index.html
• Pivo, G. E. (2008, October). Responsible Property Investing: What the Leaders are Doing. UN Environment Programme Finance Initiative. http://www.unepfi.org/publications/property/index.html
• Pivo, G. E. (2007). AAU Interdisciplinary Task Force Report.
  More info

  ;Your Role: Participated during initial phases of the study;Full Citation: American Association of Universities Interdisciplinarity Task Force, October 2005. Report of the Task Force ;Other collaborative: Yes;Specify other collaborative: Committee member;
• Pivo, G. E. (2007). Patient Capital and School Trust Real Estate Programs.
  More info

  ;Full Citation: Pivo, G. 2006. Patient Capital and School Trust Real Estate Programs, Lincoln Institute of Land Policy Working Paper WP07GP1. Published as a joint venture by the Lincoln Institute of Land Policy and The Sonoran Insitute.;
• Pivo, G. E. (2007, July). CEO Briefing. Responsible Property Investing: What the Leaders are Doing. UN Environment Programme Finance Initiative. http://www.unepfi.org/publications/property/index.html