This week, we participated as a Collaborating Partner in the Family Office & Private Wealth Real Estate Forum, the leading strategic forum bringing together Family Offices and private capital structures driving the transformation of the real estate sector.
At the panel discussion “Key Strategies to Activate Impact Capital in Housing”, we shared perspectives with leading experts on how to mobilize capital towards affordable housing through stable, measurable, and long-term models.
The session was moderated by Mercedes Valcárcel, PhD, educator and Managing Director of SpainNAB, and featured:
• Pere Esteve Sala, Investor and owner of 97 PAM, and Chairman of the Board of Fundació Nou Lloc
• Raúl Sánchez, PhD, Investment Director at COFIDES – Social Impact Fund (FIS)
• Alejandra Mora Gallego, Operating Partner at ALAS Vivienda Asequible
Some of the key conclusions included:
• Spanish family capital can and should play a leading role in addressing the urgent social housing challenge in Spain. In particular, tackling the most critical current sub-challenge: large-scale housing provision due to the supply deficit, and the long-term preservation of affordable rental housing portfolios — a “preservation” historically overlooked by the real estate and investment sectors.
• Investment in affordable housing rental income is resilient, countercyclical, and wealth-protective. It is defensive against market volatility, supported by some of the strongest demand fundamentals in Real Estate, and operates shielded from regulatory uncertainty.
• The social impact of investing in affordable and social housing is evident and inherent, incomparable to that of other real estate assets, as it directly affects the most important aspects of people’s lives: health, employment, education, and security.
• Formal impact measurement and investor reporting have advanced significantly. Increasingly professionalized measurement frameworks are now becoming one of the strongest levers for accessing sustainable and concessional financing at both the European and global levels.
