GRESB COO Says Global Real Estate Sustainability Efforts on Upward Track

Chris Pyke, COO of the Global Real Estate Sustainability Benchmark (GRESB), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Commenting on the 2015 GRESB Survey, Pyke said he was “impressed and surprised” that the entire real estate industry’s sustainability achievements are on an upward track.

“The entire industry, on a global basis, is in motion. They are doing more, achieving higher levels and that is broad-based and sustained,” he said.

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Quick Study: REIT Gains in October Continue Upward Historical Trend

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, noted that REITs continued to outperform the broader stock market during October with solid gains across most property types.

“It was another very strong month,” Case said. The FTSE NAREIT All REITs Index had a total return of 8.7 percent in October. The S&P 500 Index gained 2.4 percent for the month. Looking at year-to-date data, Case pointed out that while the S&P 500 has gained about 11 percent, REIT returns are close to 23 percent.

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