Banker Sees REIT Green Bonds as “Natural Byproduct” of Sustainability Commitment

Shawn Cepeda, managing director of debt capital markets at Bank of America Merrill Lynch, joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.

According to Cepeda, sustainability for most companies is comprised of environmental responsibility, social responsibility and corporate governance. When Bank of America Merrill Lynch makes a decision about financing sustainability, “we’re really focused on the environmental element of the sustainability umbrella,” according to Cepeda.

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Advocate Says REITs Can Be Leaders in Real Estate Sustainability

Cliff Majersik, executive director with the Institute for Market Transformation, joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.

The Institute for Market Transformation is a non-profit organization that aims to encourage energy efficiency and green building. Majerisk said the firm believes REITs can be market leaders in promoting sustainable real estate.

Cliff Majersik

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Simon Sustainability Executive Stresses Importance of Properly Explaining Green Leases

Mona Benisi, director of sustainability at Simon Property Group, Inc. (NYSE: SPG), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.

Benisi noted that one of the issues surrounding green leases in the retail sector is that of properly explaining what the contract involves.

“It’s a new topic; it’s evolving, both for landlords and tenants.  I think a big challenge is having proper communication and really explaining what is part of a green lease,” Benisi said.

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REIT Sustainability Executive Sees Progress in Data Collection Methods

John Forester, director of energy and sustainability at REIT Management & Research LLC, joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.

REIT Management & Research is a private company that manages publicly traded REITs. Forester noted that the company has sought to improve the process of collecting and aggregating data across its asset base by investing in a new platform that allows for the collection of information “other than what is typically shown on an invoice.”

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Real Estate Sustainability a “Serious Topic” for Major Investors, Consultant Says

David Stanford, founder and executive managing director of professional services firm RealFoundations, joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.

RealFoundations is a Dallas-based management consultancy firm that specializes in the commercial real estate sector.

Stanford discussed the changes he has seen in the development of sustainability during the last few years.

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GRESB 2014 Survey Shows Improvement in Sustainability in Real Estate Industry

The Global Real Estate Sustainability Benchmark (GRESB) 2014 Survey results released Sept. 4 point to strong improvement in the sustainability performance of the global real estate industry as a whole, according to GRESB.

The survey looked at data from listed property companies and private equity real estate funds around the world. In total, the respondents’ portfolios cover 56,000 buildings with an aggregate value of $ 2.1 trillion.

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