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ULI Connect: ULI Global Chairman Randy Rowe on the Transportation Revolution

According to ULI Connect: ULI Global Chairman Randy Rowe has developed considerable expertise on autonomous vehicles and their implications for real estate and the built environment. As chairman and founder of Green Courte Partners, a Chicago-based private equity firm, and chairman of the Parking Spot, a parking platform recently acquired by Green Courte, Rowe has been at the forefront of debates about the impact autonomous vehicles—synonymous with driverless cars—will have on real estate investment, city planning and development, and the ability of people and goods to arrive at their destinations safely and efficiently.

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Rowe discussed these issues and more in wide-ranging conversation with Dave Bragg, managing director at Green Street Advisors, a Newport Beach, California–based real estate advisory firm that recently released new research on autonomous vehicles, ride-hailing services, and real estate valuation. Their conversation, available via webinar, touched on several of the key issues for real estate and land use raised by the forthcoming transportation revolution. (Webinar registration is required.)

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Thinking through the long-term consequences of driverless cars on real estate raises a number of counter intuitive ideas, according to Bragg and Rowe. Among those is the possible resurgence of suburban housing markets despite the current trend toward urbanization throughout the world.

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To view the full article from ULI Connect, click here.