The DIA Research Award was presented at a ceremony during the 32nd Freiburg Real Estate Days by Prof. Dr Heinz Rehkugler and Prof. Dr Marco Wölfle, the scientific directors of the Centre for Real Estate Studies (CRES). Her work provides valuable input for a sustainable and future-oriented real estate industry. With the Research Award, the German Real Estate Academy (DIA) honours outstanding scientific work that makes an important contribution to the further development of the real estate industry. The aim is to link research and practice more closely and to promote innovative approaches for the future of the industry. We warmly congratulate Katharina Augustin on the well-deserved recognition for her master's thesis.