“We believe this recognition reflects the emphasis that Gables places on the importance of sustainability and the overall progress being made in the multifamily sector”, said Sue Ansel, President and Chief Executive Officer of Gables Residential.
Atlanta, Georgia (PRWEB) September 17, 2012
In 2011, eleven of the world’s largest pension asset managers, representing $1.4 trillion in assets under management, joined forces to create the Global Real Estate Sustainability Benchmark (“GRESB”). The GRESB Foundation executes an annual survey to scrutinize the sustainability of fund managers in the real estate industry. The goal is to simultaneously create shareholder value and reduce the sector’s substantial carbon footprint, by creating more transparency in the environmental sustainability of real estate investment managers. Together with the main industry associations (including EPRA, INREV, NAREIT and PREA), survey invitations were sent to property management companies and real estate fund managers around the globe, to assess their environmental impact and performance.
The results of the 2012 survey were recently released, consisting of sustainability data gathered from almost 450 property management companies and funds around the world, providing aggregate information for 36,000 properties, representing $1.3 billion in global assets under management. Gables Residential (http://www.gables.com) was named a Regional Sector Leader in the Residential category, identifying its best practices and sustainability performance and illustrating progress for the real estate industry.
“Gables is proud to be recognized as the Regional Sector Leader in the Residential category,” said Sue Ansel, President and Chief Executive Officer of Gables Residential. “We believe this recognition reflects the emphasis that Gables places on the importance of sustainability and the overall progress being made in the multifamily sector.”
By using information collected by GRESB, institutional investors will be able to compare the environmental performance of individual property investments with their environmental real estate targets. The intention is that this benchmarking will serve as a catalyst for environmental engagement in real estate investments. Survey results will form the basis for a collective effort towards a more resource efficient institutional real estate industry.
To review the 2012 GRESB survey results or to view the scorecards please visit http://www.gresb.com.
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About Gables Residential
With a mission of Taking Care of the Way People Live, Gables Residential has received national recognition for excellence in the management, development, acquisition and construction of luxury multi-family communities in high job growth markets. Gables Residential owns, develops and manages multi-family communities and mixed-use developments in Atlanta, Austin, Dallas, Houston, South Florida, Southern California, and metropolitan Washington, D.C. Additionally, it has third-party management operations in the Chicago, New York, Boston, Phoenix, Central and North Florida, and Washington State markets. Gables Residential enjoys a healthy portfolio with approximately 37,000 apartment homes under management, including a corporate-owned portfolio of 54 stabilized communities comprising approximately 14,000 apartment homes. An additional 8 communities are under development/lease-up, comprising approximately 2,500 apartment homes. Gables also has the ability to develop another 2,000 apartment homes through its shadow pipeline of undeveloped land owned. For more information please visit http://www.gables.com.
GRESB is an industry-led organization committed to rigorous and independent evaluation of the sustainability performance of real estate portfolios. GRESB works in tandem with institutional investors and their portfolio managers to identify and implement sustainability best practices in order to enhance and protect shareholder value.