Facilities and Real Estate

Benjamin Keys of the Wharton School explains how climate risk is driving insurer decisions like never before.

Susan Wachter of the Wharton School says that banks are notoriously bad owners for making real estate decisions, since they’re not entrepreneurs and aren’t in a position to actively manage buildings.

Penn Medicine is opening a mental health crisis response center at the former Mercy Philadelphia Hospital, replacing one that closed there in 2020.

Penn Medicine is establishing a community mental health hub at its Hospital of the University of Pennsylvania-Cedar Avenue campus, which will be home to a new crisis response center and provide inpatient and outpatient psychiatric care.

In an Op-Ed, Benjamin Keys of the Wharton School says that homeowners and potential buyers need to pay attention to warning signals about heightened climate risk from private insurers.

Research by Benjamin Keys of the Wharton School found that homes sales volumes fell 20% between 2013 and 2018 in low-lying Florida areas where 70% or more of the land was exposed to six feet of sea-level rise.

In a live virtual discussion hosted by the Wharton School, Joao Gomes, Susan Wachter, and Peter Conti-Brown discussed the collapse of Silicon Valley Bank and whether it could represent the beginning of a larger financial crisis.

A study co-authored by Wharton School researchers found that short-term rentals tend to be concentrated in neighborhoods where rental housing dominates, with the emergence of companies like Airbnb causing units to be shifted away from the standard market.