of development assets have or are planned to obtain a green rating
* Includes all development projects in Funds 5-8 currently owned in various stages of completion.
Environmental
Carmel takes our role as environmental stewards seriously and we manage environmental risks in our projects and in our daily operations through a multi-pronged approach.
We expect to seek certifications for all new developments across our portfolio. We believe that aligning our buildings with sustainability certification standards provides more efficient, healthier communities, and may create additional value through reduced utility costs, higher occupancy rates and premium rents, while also supporting higher retention and satisfaction of residents.
Current Developments*
97%
Future Developments
100%
seek to obtain green building certifications, or equivalent
Note: While Carmel Partners believes ESG+R factors can enhance long-term value, Carmel Partners does not pursue an ESG-based investment strategy or limit its investments to those that meet specific ESG criteria or standards. Any such considerations do not qualify Carmel Partner’s objectives to maximize risk-adjusted returns.