DALLAS, July 17,
2024 /PRNewswire/ -- GID Industrial is excited to
announce that our Industrial Value Fund has earned the Sustainable
Fund Award from one of its investment partners, Healthcare of
Ontario Pension Plan ("HOOPP"), for its sustainable leasing
initiatives. GID Industrial has distinguished itself by integrating
green clauses that require energy efficiency, sustainable tenant
fit-out design criteria, cost recovery for capital improvements,
and utility data sharing across its properties.
"This award highlights GID's commitment to implementing green
leasing practices through coordination with our tenants," said
John Hopkins, Director of Portfolio
Management at GID Industrial. "In addition to benefiting the local
environments in which GID operates, GID's leasing practices create
more sustainable and productive spaces for our tenants."
HOOPP is dedicated to sustainable investing and to ensuring that
environmental, social, and governance ("ESG") factors are fully
integrated into its analysis, strategy, and asset management
practices. HOOPP's recognition of GID Industrial's sustainable
leasing practices is consistent with the pension plan's commitment
that its investments are reflective of its sustainable investing
beliefs.
GID Industrial remains committed to implementing sustainability
initiatives across its portfolio and looks forward to demonstrating
sustainability leadership through our green leasing practices. This
award serves as an inspiration for the company to further its
efforts in creating a more sustainable future.
For more information about GID and its ESG program, please visit
- https://esg.gid.com/.
Additional information on HOOPP and the LEAP program, please
visit – 2024 Leap Awards
Disclaimers:
1) Neither GID nor the clients it manages
are considered to be ESG-focused. Notwithstanding the foregoing, as
determined appropriate and in its sole discretion, GID takes
certain ESG-considerations into account in the selection,
management and investment decisions related to portfolio
investments; however, the type of considerations and the weight
given to such considerations may vary from investment to investment
and remains subject to GID's discretion, fund investment
objectives/constraints and any underlying fiduciary duties.
2) The Award was given in June 2024,
following a review period of approximately 3 months. GID did
not pay a fee to the investor for participation in this award.
HOOPP is an investor in the closed-end GID Industrial Value
Fund.
About GID
GID is a privately-held, vertically-integrated real estate
company that owns, operates, and/or manages a portfolio of
multifamily and industrial assets, and develops mixed-use projects
across the United States. The firm
also operates a credit platform that aims to provide commercial
real estate debt solutions for institutional borrowers. With
corporate offices in Atlanta,
Boston, Dallas, Dubai, New
York and San Francisco, GID
is an experienced real estate investor and manager supported by an
integrated operating platform and has 60+ years of experience
across multiple asset classes. As of March
31, 2024, GID owns and/or manages $29.0 billion of assets under management across
55,000 apartment units and 26 million square feet of industrial and
commercial space1.
1Assets Under Management is calculated in compliance
with the definition for Assets Under Management ("AUM") prescribed
in INREV's Global Definitions Database. GID's AUM includes capital
for which GID provides oversight and investment management services
in the funds as well as proprietary accounts, joint ventures, and
accounts for which GID provides asset management services without
an equity investment ("Other GID Accounts"). Other GID Accounts are
not categorized as funds and are not included in regulatory assets
under management or reported in dollars in custody and are not
considered "clients" on GID's ADV Part 1. As of December 31, 2023, the firm's regulatory assets
under management totaled $3.8b and
include 10,312 multifamily units, 1.4M industrial square feet, and 106 supervised
employees.
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SOURCE GID Real Estate