The joint report predicts assessing a property's exposure will become institutionalized and it suggests next steps for raising awareness. : A report entitled “Climate Risk and Real Estate Investment Decision-Making” just released at the Urban Land Institute’s Europe Conference in London reveals the need for a better understanding of investment risk posed by climate change. The report was co-authored by ULI and Heitman LLC. “Members of the industry are relying on insurance as a mitigator for their risks,” according to Heitman managing director and director of global investment research Mary Ludgin.