GID Investment Vehicle Achieves Top Rank as Regional Sector Leader in 2021 GRESB Benchmark for Second Consecutive Year
GRESB Benchmark Recognizes Real Estate Industry Leaders in Sustainability and ESG
BOSTON, Oct. 28, 2021 /PRNewswire-PRWeb/ -- GID announced today that one of its investment vehicles has achieved recognition as Residential Americas Regional Sector Leader, earning 1st place in the 2021 GRESB Real Estate Benchmark in the U.S. Residential, Multifamily Core Non-Listed Category for the second consecutive year. In addition, a second investment vehicle managed by GID in the same asset class has earned a top ten ranking in its first reporting year.
The GRESB Sector Leader Awards Program recognizes real estate and infrastructure companies and funds and assets that have demonstrated outstanding leadership in sustainability and ESG. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and understand the opportunities, risks, and choices that need to be made as the industry transitions to a more sustainable future.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than $6.4 trillion of assets under management, up from $5.3 trillion the year before.
"Despite the unprecedented challenges we have faced during the last two years, GID's corporate staff and our Windsor property management teams found creative ways to advance our ESG goals," says Greg Bates, GID's President and CEO. "We are proud to be recognized again as a leader in sustainability and will endeavor to raise the bar next year in response to increasingly critical environmental and social issues."
"Our holistic ESG approach is guided by our core values of responsible investments, efficient properties, healthy people, resilient communities, and transparent operations," says Phil Carmody, Vice President, Head of Corporate Programs. "These values are directly tied into GID's mission and incorporated at every level of our operation, preparing us for significant growth with both our ESG platforms and our business goals."
For the fifth consecutive year, GID has been recognized as a leader in sustainability by achieving a GRESB Green Star, demonstrating continued excellence in ESG management and implementation. Since 2016, GID has implemented a broad array of ESG measures across all areas of the company in support of their mission to leverage its investment, development, and management expertise to enhance the communities in which it invests, lives, and operates.
GID's 2020 achievements include:
- Continued LED lighting retrofit program at eight properties, projected to save 562.5 MWh of energy annually, the equivalent of 48 residential homes' energy use each year.
- Achieved 15 ENERGY STAR certifications to recognize its highest performing assets.
- Achieved IREM Certified Sustainable Property certifications for five properties
- Installed smart irrigation systems at three multi-family properties to reduce outdoor water use.
- Continued Diversity and Inclusion Internship program for underrepresented candidates to prepare for a career in the real estate industry.
To learn more about GID's long-term ESG program and to view the 2020 ESG Report, please visit https://www.gid.com/esg/reporting/.
Disclaimer
GID's 2021 GRESB Ranking was awarded on October 1, 2021 by The Global Real Estate Sustainability Benchmark (GRESB) and is based on CY 2020 performance. GID is a Participating Member of GRESB. Fees paid as a Participating Member totaled USD$9,600.
About GID
GID is a privately-held and vertically-integrated real estate company that develops, owns, and operates a portfolio of multifamily, industrial, and mixed-use developments. With corporate offices in Atlanta, Boston, Dallas, New York, and San Francisco, GID is an experienced real estate private equity investor and manager supported by an integrated operating platform and has 60 years of experience across multiple asset classes. GID's existing and under-development properties are valued at over $20 billion.
During its 60-year history, GID has developed, managed or acquired over 79,000 residential units and 32.2 million square feet of commercial space in twenty-four states. The current portfolio includes over 37,000 residential units, 1 million square feet of retail and office space, and 18.8 million square feet of industrial space. More information is available at http://www.gid.com.
Media Contact
Mary Miles, Weinberg Harris & Associates, +1 (443) 614-8013, [email protected]
SOURCE GID
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