9 - Why are there "buckets of capital focused on ESG"? What is ESG? Why is it important? What do you think the requirements are?

10 - What are Life Sciences? Why those markets? Why do you think Lenders would be interested in these?

Those buildings that meet certaif requirements will get more favorable pricing from certain lender types with buckets of capital focused on ESG," said JLL's Hill. Another trend expected to grow is life science conversions. Life science markets like the San Francisco Bay Area, San Diego and Cambridge, Mass., were particularly active for office refinancing in the past year. CIM Group's Gibbons said several of its office refinance deals last year were in the life sciences sector, including in the Boston area. In some areas, life science tenants have become the primary source of positive office absorption. In 2021, Nuveen financed several life science conversion and lease-up deals. We love the tailwinds/liquidity in the sector and have been fortunate to partner with the right sponsors," Hernandez said. Read the March 2022 issue of CPE