Realterm today announced that the Airport Logistic Properties (RALP) Investment Vehicle and the Realterm Logistics Income Fund (RLIF) have earned Green Star status in the Global Real Estate Sustainability Benchmark (GRESB) rating.
Every year, GRESB assesses and benchmarks the environmental, social and governance (ESG) performance of real assets around the world and monitors the sector’s progress towards global sustainability goals. Each participant is assigned a peer group determined by a simple set of quantitative rules to provide consistent treatment to all participants. Participants will provide a variety of data, including information on energy consumption, diversity and inclusion practices, governance standards, and more.
In the second year of participating in the GRESB assessment, Realterm’s RALP had an overall score of 78/100, an increase of 18 points from 2020 and three green stars, five points above the peer average. The fund was also placed second in ten in the US core distribution warehouse | Tenant-controlled GRESB peer group. In the first year of participation, the RLIF achieved an overall score of 62/100 and was awarded two Green Stars. All data submitted by Realterm is backed by a third party.
“GRESB is a global standard for environmental, social and governance (ESG) reporting in the real estate sector and we are proud to have achieved Green Star status,” said Realterm’s Director of Corporate Sustainability and Operations. One Kelly Fleming says. “This achievement reflects our mission to prioritize responsible investment, resilience and sustainability efforts throughout our real estate portfolio.”
Companies and funds use GRESB ratings and results to drive efficiency and strategic improvements and compare ESG practices with other peers participating in GRESB. In 2021, the number of GRESB participants increased by 24% to 1,520 real estate funds. The Realterm peer group consisted of 10 other organizations.
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Realterm is a real estate operator with 30 years of experience implementing niche private equity strategies at the crossroads of global supply chains and evolving consumer trends. Realterm currently manages over $ 9 billion in assets through five logistics-oriented private equity fund series. RealtermAirportLogisticsProperties (RALP) is an open-ended fund that invests in high-flow-through (HFT) on-airport logistics real estate across North America. Both the Realterm Logistics Income Fund (RLIF), an open-end core plus fund, and the Realterm Logistics Fund (RLF) series, a closed-end value-added fund series, invest in HFT ground transportation logistics real estate. National; Realterm Europe Logistics Fund (RELF) is a series of closed-end value-added funds that invest in HFT logistics real estate across Europe. Interspace Logistics Parks (ILP) is a series of closed-end opportunistic funds that invest in warehouses and logistics real estate across India’s top industrial markets.
Realterm receives the highest sustainability recognition to achieve Green Star status in 2021 GRESB Evaluator
https://www.dcvelocity.com/articles/53293-realterm-receives-top-sustainability-recognition-achieving-green-star-status-in-2021-gresb-assessmen Realterm receives the highest sustainability recognition to achieve Green Star status in 2021 GRESB Evaluator