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.

The post Sentinel Real Estate Earns 2023 5 Star GRESB Rating appeared first on Sentinel Real Estate Corporation News.

Nova at Green Valley Apartments features numerous amenities, including a heated saltwater pool and spa, cabanas, a poolside pavilion with open air kitchenette and lounge area, a sport and recreation lawn and stunning views of the Rockville Hills.

Sentinel has recently acquired Nova at Green Valley Apartments, a recently completed 281-unit mid-rise apartment community in Fairfield, California. Sentinel purchased the property from the sponsor, The Spanos Corporation ("Spanos"), a leading developer of multifamily communities across the US. Nova at Green Valley represented the opportunity for Sentinel to acquire a well-located newly-built property in a desirable and highly supply-constrained submarket.

Nova at Green Valley Apartments is located within the 132-acre Green Valley Corporate Park, which Spanos was successful in rezoning to allow for multifamily in addition to the commercial uses it had previously been zoned for. The property is also proximate to the interchange of Interstates 80 and 680, giving residents direct access to employment and recreation throughout the Bay Area, including Vallejo, Downtown Napa, Concord, Walnut Creek, San Francisco and Sacramento. Additionally, Nova at Green Valley is served by the highly rated Fairfield-Suisun School District.

"We have enjoyed a long and fruitful relationship with Spanos, having acquired 123 of its communities over the course of nearly 40 years," said Michael Streicker, President of Sentinel. "Nova at Green Valley exemplifies our strategy to acquire well-located properties in submarkets supported by strong fundamentals, including good schools, diversified employment bases, easy access to entertainment and lifestyle amenities, and favorable supply/demand dynamics. During the past 10 years, only two new apartment communities have been delivered to the submarket, and we expect this dearth of new development will support long-term demand at Nova as the submarket continues to grow."

Nova at Green Valley Apartments consists of studio, 1- and 2-bedroom apartments averaging 860 square feet. The upscale interiors feature stainless steel appliances, quartz countertops, wood plank-style flooring, smart lock keyless entry, smart thermostats, side-by-side refrigerators with ice makers, full-sized washers and dryers, 9' and 10' ceilings, walk-in closets, and private patios or balconies. Building amenities include a 24-hour fitness center, a saltwater resort-style swimming pool, spa, fire pit, and sundeck, outdoor grill stations, a gaming room, theater, gourmet demonstration kitchen, lounge, gourmet coffee bar and concierge package system.

The property will also be highly energy efficient, with sustainable elements including rooftop photovoltaic solar panels, solar thermal assist hot water heating, electric vehicle charging stations, LED light fixtures, low emissivity (low-E) windows and Energy Star-certified appliances. The photovoltaic and solar thermal systems are designed to offset common area electric usage and costs and reduce water heating usage and costs, respectively.

Sentinel has been active in the Northern California market throughout its 53-year history and currently owns 5 properties in the area. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

The acquisition received coverage in several publications:
https://www.multihousingnews.com/sentinel-buys-281-unit-bay-area-community/
https://product.costar.com/home/news/shared/421053607
https://www.businesswire.com/news/home/20221221005101/en/Sentinel-Real-Estate-Corporation-Acquires-Bay-Area-Mid-Rise-Apartment-Community

See more of Sentinel's portfolio and learn more about our multifamily assets.

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