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Greystar Recognized as a Top Leader in Sustainability Performance in 2018 GRESB Benchmark

September 24, 2018

CHARLESTON, S.C.--(BUSINESS WIRE)--Sep 24, 2018--Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties, is pleased to announce that it has earned two five-star ratings, three four-star ratings and one three-star rating in the 2018 Global Real Estate Sustainability Benchmark (“GRESB”). Moreover, Greystar Chelsea Co-Investment, LP (“GS Chelsea Co-Investment”) was named Regional Sector Leader for United States Residential (non-listed) and Sector Leader for North America Residential (listed and non-listed). The investment vehicle also ranked third globally for all residential portfolios.

The multiple “Green Star” designations and sector leading rankings demonstrate Greystar’s leading position with respect to environmental, social and governance (“ESG”) performance. In order to achieve a Green Star, a GRESB Assessment participant must meet scoring thresholds in both Management & Policy as well as Implementation & Measurement categories. Since Greystar began participating in GRESB in 2014, the firm has achieved year-over-year score improvements. Reflecting this progress, Greystar Equity Partners VIII, L.P., which is part of the firm’s flagship value-add fund series, has increased its GRESB score over 645% during this period.

“Advancing ESG initiatives across our business and our different investment vehicles remains a top priority at Greystar,” said Bob Faith, Chairman and CEO. “We are honored that our ongoing efforts to increase levels of sustainability performance and disclosure have once again been recognized by GRESB. As a firm, we will continue to work diligently to ensure we are leading the way in implementing ESG best practices that reduce our carbon footprint and meet investor expectations.”

A dedicated ESG Taskforce leads Greystar’s sustainability initiatives, ensuring the firm’s ESG objectives are posted publicly. The ESG Taskforce sets long-term reduction targets for energy, Greenhouse Gas (“GHG”) emissions, water and waste of 5% every five years on a rolling basis or approximately 1% per year. It also tracks and monitors 100% of landlord controlled energy, GHG emissions, water and waste data for its owned assets, which it utilizes to help reduce Greystar’s carbon footprint.

GRESB is an industry-driven organization committed to evaluating the performance of real estate portfolios globally. Its annual assessment evaluates hundreds of real estate companies in such areas as management, policy and disclosure, governance, sustainability, and environmental and social programs. More than 900 property companies and funds, jointly representing more than USD 3.6 trillion in assets under management, participated in the 2018 GRESB Real Estate Assessment. More than 75 institutional and retail investors use GRESB data in their investment management and engagement process to optimize the risk/return profile of their investments.

About Greystar

Greystar is a leading, fully integrated multifamily real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, UK and Continental Europe, Latin America and Asia-Pacific, Greystar operates in over 150 markets globally and is the largest operator of apartments in the United States, managing over 480,000 units, with an aggregate estimated value of over $80 billion. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with approximately $31 billion in gross assets under management including more than $12 billion of developments that have been completed or are underway; $9.9 billion in the U.S. and $2 billion internationally. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005285/en/

CONTACT: Media:

Greystar Public Affairs

Liza Kunkel

Liza.Kunkel@Greystar.com

KEYWORD: UNITED STATES NORTH AMERICA SOUTH CAROLINA

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: Greystar Real Estate Partners

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PUB: 09/24/2018 09:00 AM/DISC: 09/24/2018 09:01 AM

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