The post Sentinel Real Estate Earns 2023 5 Star GRESB Rating appeared first on Sentinel Real Estate Corporation News.
]]>Sentinel Real Estate Fund, LP Ranks First in its Peer Group for Participation in the 2023 GRESB Real Estate Benchmark Assessment. NOVA at Green Valley Apartments, an SREF property, features rooftop solar panels.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, and this year its ESG Assessments covered more than $8.8 trillion of assets under management. The GRESB 5 Star rating recognizes SREF for achieving a score among the highest 20% of 2,084 participants’ scores in the 2023 Real Estate Assessment worldwide.
"This important distinction reflects Sentinel's continued efforts to positively impact the environments in which we invest, and we are honored to be recognized as an ESG leader in our industry," said Nick Stein, Managing Director and Chair of Sentinel's ESG Committee. "ESG objectives are integrated into all aspects of our real estate operations and investment strategy as a whole, and we are proud of our team’s collective efforts to drive forward long-term solutions for our environment and society."
SREF achieved the highest overall GRESB score among its peers in the United States of America/Residential: Multi-Family: Low-Rise Multi-Family/Core category, receiving an overall score of 89 out of 100 points. SREF also ranked 3rd out of the 135 participants in the overall Americas Residential sector. Other notable scores in this year's assessment include 30 out of 30 points for management, outperforming the benchmark average by three points, and a performance score of 60 out of 70, surpassing the benchmark average by 12 points.
Sebastian Roussotte, CEO of GRESB, said, "GRESB Sector Leaders embody the industry's champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year’s Sector Leaders for their dedication, leadership and commitment to ESG principles and sustainability."
News coverage:
https://www.businesswire.com/news/home/20231004711075/en/Sentinel-Real-Estate-Earns-2023-GRESB-5-Star-Rating
Learn more about Sentinel's ESG efforts, which includes our latest ESG report.
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]]>The post Managing Director Nick Stein Quoted in The Commercial Observer appeared first on Sentinel Real Estate Corporation News.
]]>Taking the balanced perspective of markets that experienced significant rent growth during the pandemic, but have since normalized, he observed "It's not necessarily that those markets are performing badly or even badly relative to other markets. It's just that they were so strong relative to other markets before, and that outperformance is not there."
Read the full article: The Commercial Observer
Sentinel has been actively acquiring and managing multifamily assets for its investors since 1969. Learn more about Sentinel's Portfolio.
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]]>The post Managing Director Nick Stein Quoted in CoStar Article appeared first on Sentinel Real Estate Corporation News.
]]>Read the full article: Apartment Industry Enters Final Stretch of 2022 Facing More Headwinds Than Last Year
Sentinel has been actively acquiring and managing real estate properties for its investors since 1969. Learn more about Sentinel’s Portfolio.
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]]>The post Managing Director Nick Stein Quoted in GlobeSt. Article appeared first on Sentinel Real Estate Corporation News.
]]>Read the full article: Are CRE Price Drops Coming?
Sentinel has been actively acquiring and managing real estate properties for its investors since 1969. Learn more about Sentinel’s Portfolio.
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]]>The post Sentinel’s Approach to ESG Featured in NAREIM Dialogues appeared first on Sentinel Real Estate Corporation News.
]]>You can read the entire article on page 30 of the publication here: A Holistic Approach Drives ESG Results
Sentinel believes that environmental, social responsibility and corporate governance (ESG) factors can have an impact on investment performance and must be considered when evaluating real estate investment opportunities and managing real estate assets. Learn more about Sentinel's Sustainability.
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