Resident-Focused Health and Wellness at The Pearl As a privately held real estate developer, owner, and property management company with a heightened focus on health and sustainability, The Tower Companies (Tower) leverages its corporate responsibility team, property management and leasing teams, and third-party commercial brokers to communicate the value of healthy and sustainable building features […]
Bower, The Green Cities Company’s new multifamily property in Boston, MA, opened for leasing in Q3 2020 and prioritized resident health and wellbeing through biophilic design as a key part of its holistic ESG strategy. The two-building, 412,000 sf property with 312 apartments is LEED Gold Certified and received a two-star Fitwel certification, earning 100% of points possible in the Location, Indoor Environment, Dwellings and Shared Spaces categories in addition to being recognized as a 2021 Fitwel Best in Building Health® Award Winner.
A family’s location and housing costs can directly affect their financial well-being and the community at large. To address social equity and equitably represent the communities in which it operates, FCP—a privately held investor of multifamily and office assets—partners with local nonprofits to provide low-cost after-school and summer child care programs.
AXA IM–REAL ASSETS, a leading portfolio and asset manager, focuses on three pillars as part of its ESG strategy: decarbonization, resilience, and building tomorrow. To help the portfolio decarbonize and identify new opportunities to create and enhance value, AXA is piloting new technologies and strategies to later scale to other appropriate properties. Example pilots include Finnish multifamily buildings installing internal and external temperature sensors, fed with weather data and energy prices to support precise heating for each unit. In Sweden, multifamily buildings are being fitted out with solar panels and geothermal groundwater heating to create a more comfortable living environment while lowering energy costs for the owner and tenant.
GID, a real estate developer, owner, and operator, equips its multifamily residents with information and resources to drive responsible behavior. To raise awareness, multiple sustainability events are held throughout the year across the entire portfolio.
At FPA MULTIFAMILY, sustainability is an ongoing practice that constantly evolves as technology advances. FPA Multifamily’s ESG initiatives are driven by the Green Team, which is involved in the beginning stages of any acquisition, ordering an ASHRAE-level energy audit for all properties to determine the best investment projects; oversees project rollout and implementation; and tracks savings. As a multifamily real estate company, FPA Multifamily has substantial opportunities for water conservation projects, achieving savings by replacing toilets, showerheads, faucets, and water-intensive landscaping.
AXA Investment Managers (AXA IM) installed temperature sensors in its Finnish multifamily assets to optimize heating management. In colder-climate winter months, heating costs and use can add up quickly and significantly affect energy savings potential, as well as net operating income and net rental income.
Located in the Mission Bay South neighborhood, 1180 Fourth Street is a 150-unit affordable housing development in San Francisco. Anchored by a University of California, San Francisco, research campus and medical center, the mixed-income, mixed-use area is rapidly evolving. In addition to establishing an architectural identity for the neighborhood, this walkable and transit-oriented development advances long-term health and stability, family housing, and sustainability.
Originally built in 1948, Regent Park is undergoing a decades-long redevelopment from low-income public housing to a mixed-income neighborhood with a focus on community health, economic development, and relocation supports.
The impetus for redevelopment began 25 years ago, stemming both from residents who demanded neighborhood improvements and from the foresight of the Toronto Community Housing Corporation (TCHC), which also recognized the growing need for significant repairs. TCHC is leading the transformation—expected to be complete around 2030—and has prioritized health-promoting features such as parks, athletic grounds, a community center, and the area’s first supermarket. TCHC has also ensured that all original residents have the right to return to Regent Park and that they will be rehoused in an appropriate replacement unit.
High Point is a 129-acre (52 ha) mixed-income redevelopment project in Seattle focused on resident well-being and an enhanced quality of life in the surrounding area.
Health-promoting features at High Point include a community clinic, pedestrian-friendly design, and homes designed to reduce the risk and severity of asthma.