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The relevance of the chosen topic is justified and confirmed by the annual increase in the volume of commercial real estate supply: the price per square meter, the volume of investments and the volume of commissioned buildings in Russia have doubled over the past ten years. A set of measures has been developed to identify common risks associated with investments in the rental business in conditions of economic instability. The research is carried out through general scientific methods of comparative analysis, collection and study of information sources, statistical data analysis and synthesis; a qualitative method of brainstorming was used to identify risks. The theoretical aspects of investments in commercial real estate are considered and differences in the projects “greenfield” and “brownfield”, full, partial and superficial redevelopment are revealed. Despite the fact that investment projects such as greenfield exceed brownfield projects by about two times, the popularity of the latter does not decrease. The advantages of investing in Brownfield projects include a good location, the availability of infrastructure, buildings and structures that can be upgraded for a new purpose. Scales for assessing the probability and degree of risk impact have been developed, and a description and assessment of investment risks have been performed using the example of “brownfield” investments implemented by Priamurye LLC. The identification and assessment of the risks of “brownfield” investments has been carried out. It is noted that “brownfield” projects, despite their attractiveness, are classified as high-risk projects, therefore, the proposed risk assessment algorithm will help investors in the commercial real estate market identify risks at the initial stage and adopt a strategy to minimize them.
Ilinsky et al. (Thu,) studied this question.