Property Value Creation

Property Value Creation

Increase the value of assets through responsible development, management, and capital improvements.

We recognize that our assets and business practices have an impact on the natural environment.  We share a responsibility with our property managers, tenants, and communities to make balanced, responsible decisions that create value for our environment, our society, and our business.

Goals & Objectives

Operations & Resources

Operations & Resources
Operations & Resources

Our operators are the single greatest influence on the performance of our properties. We take great care to appoint, engage, and monitor their activities as well as continually introduce them to best practices and innovative ways to enhance their business operations.

Goal: Reduce energy of like-for-like assets by 20% over their hold period.

Monitoring & Management

To provide our third-party operators and asset managers in the Core Fund with actionable information about asset performance, we utilize a platform to import and monitor energy, water, and GHG emissions.  This platform helps our team target operational efficiencies, address spikes, and prioritize retrofits. A small percentage of assets where we do not have control of energy meters are excluded from data monitoring.  In addition to data monitoring we have developed a sustainability and environmental management system (SEMS) following the ISO 14001 standard. 

Benchmarking & Certifications

Goal: To improve the energy efficiency of properties tracked by 20% over their hold period. 

In order to monitor and manage the resource use at our properties we are using EnergyPrint, a data management solution that evaluates energy and water use in commercial buildings.  By utilizing this platform to gather and analyze the resource consumption at our assets, we are able to effectively prioritize efficiency retrofits and opportunities for savings.  Finally, through ongoing trend analysis, we measure success and financial return of efficiency investments. 

Through utility monitoring we are able to easily benchmark an asset against like-type buildings and measure the success and financial return of efficiency investments.  We also use Energy Star Portfolio Manager to evaluate performance. In 2016 we performed an analysis of all student living and senior housing assets, reviewed their Energy Star Ratings, and prioritized them for certification. At this time, only our student and senior housing portfolios qualify for Energy Star Certification.

Tenant Wellness

Tenant Wellness
Tenant Wellness

The satisfaction and health of our tenants and residents are two of our highest priorities as a firm and are essential to the success of our assets and sustainability goals.

Goal: Achieve 100% coverage of annual third-party tenant satisfaction surveys by 2018.