Vornado Responding to New York’s Changing Energy Regulations

Vornado Responding to New York’s Changing Energy Regulations

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Dan Egan, vice president for sustainability and utilities at Vornado Realty Trust (NYSE: VNO), joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

In 2017, Vornado won Nareit’s Leader in the Light Award in the diversified category. This marks the eighth successive year that Vornado has been recognized by Leader in the Light.

Egan addressed how changes in regulations or incentive programs have impacted Vornado’s approach to sustainability.

Published at Thu, 15 Feb 2018 18:18:00 +0000

Green Leases Encourage Landlord-Tenant Collaboration

Green Leases Encourage Landlord-Tenant Collaboration

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Cliff Majersik, executive director of the Institute for Market Transformation (IMT), joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

IMT is a national nonprofit organization focused on increasing energy efficiency in buildings.

Majersik discussed some of the benefits of green leases. He stressed that they are a “great way for landlords and tenants to work together.” Everybody comes out ahead when the building is more energy-efficient and costs are being shared equitably, he added.

Published at Thu, 15 Feb 2018 15:57:54 +0000

REIT Investors Should Ignore Short Term Volatility

REIT Investors Should Ignore Short Term Volatility

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Calvin Schnure, Nareit’s senior vice president for research and economic analysis, joined Nareit’s REIT Report Podcast to discuss how concerns about inflation and interest rates are affecting the broader markets, and the REIT market in particular.

Schnure observed that recent signs that inflation may be picking up prompted a significant increase in interest rates. This sparked large moves in the broad equity markets in early February.

Published at Thu, 15 Feb 2018 14:20:19 +0000

Office REIT Kilroy Formalizing Process for Sustainability Pilot Projects

Office REIT Kilroy Formalizing Process for Sustainability Pilot Projects

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Sara Neff, senior vice president of sustainability at Kilroy Realty Corp. (NYSE: KRC), joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

Kilroy has been recognized four times for its sustainability initiatives by Nareit’s Leader in the Light Award. Neff stressed that the key to maintaining effective sustainability programs is to undertake a “whole cultural change” at a company.

Published at Wed, 14 Feb 2018 16:20:00 +0000

MSCI Analyst Highlights Broad Spectrum of ESG Issues in Property Sector

MSCI Analyst Highlights Broad Spectrum of ESG Issues in Property Sector

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Mario Lopez-Alcala, vice president and senior analyst at MSCI Inc., joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

MSCI is a financial services company that provides research-based indexes and analytics to investors. MSCI ESG Research covers about 6,500 companies across the world, including approximately 550 property companies.

Published at Thu, 08 Feb 2018 17:21:04 +0000

Wisconsin Students Get Hands-On Approach to REIT Investing

Wisconsin Students Get Hands-On Approach to REIT Investing

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Second-year Real Estate MBA students at the University of Wisconsin-Madison are gaining unique hands-on experience in active portfolio management as they manage a $2 million fund invested solely in REITs. The REIT fund is part of the University of Wisconsin Endowment first established in the late 1990s by three prominent alumni.

The students are enrolled in a special track of the university’s real estate MBA program known as the Applied Real Estate Investment Track (AREIT). It is described by the school as the first program of its kind in the country.

Published at Thu, 08 Feb 2018 18:25:36 +0000

Collaboration Key for Sustainability, Iron Mountain Executive Says

Collaboration Key for Sustainability, Iron Mountain Executive Says

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Kevin Hagen, director of corporate responsibility at Iron Mountain Inc. (NYSE: IRM), joined Nareit for a video interview at Nareit’s 2018 ESG Forum.

Hagen discussed the importance of collaboration on sustainability matters, both internally within the company and externally with tenants, vendors and outside organizations.

Published at Wed, 07 Feb 2018 19:05:00 +0000

Digital Realty Making Progress on Renewable Energy Goal

Digital Realty Making Progress on Renewable Energy Goal

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Aaron Binkley, director of sustainability at Digital Realty Trust, Inc. (NYSE: DLR), joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

Binkley discussed the data center REIT’s goal to power its entire global portfolio with renewable energy. He noted while Digital Realty is making “good progress,” the goal is a moving target due to the company’s continued growth.

Published at Wed, 07 Feb 2018 16:26:04 +0000

RMR Sustainability Executive Sees Heightened Employee Engagement on ESG Matters

RMR Sustainability Executive Sees Heightened Employee Engagement on ESG Matters

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John Forester, director of energy and sustainability at real estate management company The RMR Group Inc., joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

Forester discussed RMR’s continued efforts to keep employees engaged with the company’s sustainability initiatives. He pointed to increased EnergyStar boot camp participation and the company’s national volunteer day as examples of continued employee engagement.

Published at Tue, 06 Feb 2018 18:14:28 +0000

Boston Properties Executive Says Industry Moving Toward ESG Standardization

Boston Properties Executive Says Industry Moving Toward ESG Standardization

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Ben Myers, sustainability manager at Boston Properties, Inc. (NYSE: BXP), joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.

Myers discussed ESG reporting and noted that, in general, the industry is moving toward standardization. However, “there still remains a lot of variability on the social and governance aspects of sustainability,” he noted.

Ben Myers

Published at Tue, 06 Feb 2018 13:40:18 +0000