BROADCASTS.com

If you are a real estate investor, you’ve probably thought about climate change and how it may impact your portfolio. We’ve been warned about rising sea levels, storm surges, more severe hurricanes, and more destructive wildfires, but one future risk that hasn’t gotten as much attention is the risk of a water shortage in areas that don’t get much rain or snow. According to a new risk assessment study by the Blackrock Investment Institute, it’s a financial risk that many investors may not be factoring into their portfolios.