Beacon Capital Partners Earns Four Star Designation in Global Real Estate Sustainability Benchmark (GRESB) Assessment for 2018
Press Release
Boston, MA, December 20, 2018 – Beacon Capital Partners, a leading U.S. office investor, announced that Beacon Capital Strategic Partners VII earned a Green Star in the Global Real Estate Sustainability Benchmark (GRESB). Beacon’s fund also received four out of five stars. This was the first year Beacon participated in the survey.
GRESB is the global ESG benchmark and reporting standard for real assets including real estate and infrastructure, covering over $3.6 trillion of assets worldwide. GRESB administers annual assessments that include an assessment of sustainability performance of real asset investments which is determined by the industry and investors.
“We have long been focused on energy efficiency and sustainability at our properties, having been recognized as Energy Star Partner of the Year for seven consecutive years, and obtaining LEED certification for buildings representing over 44 million square feet. The GRESB assessment reflects these efforts, as well as our progress on broader ESG initiatives,” Fred Seigel, President, and COO. “We are proud of the outcome of our first year of participation in the GRESB assessment and are focused on continuous improvement.”
About Beacon Capital Partners
Beacon Capital Partners is a tenant-focused private real estate investment firm with over a 70-year legacy of successful real estate development, ownership, and management. Beacon invests in high-quality office properties in core urban markets with highly-educated workforces. Our hands-on approach transforms these properties for today’s tenants, with innovative design, state-of-the-art connectivity, modern amenities, and award-winning sustainability and risk management initiatives. From Fortune 100 firms to the leading innovative and growth companies, our tenants are proud to call our distinctive workplaces home.
Beacon has raised over $13 billion in equity for nine investment vehicles since 1998 from a diverse investor group including endowments, foundations, public, private, and foreign pension funds, financial institutions, and sovereign wealth funds. This equity has fueled over 150 office investments with a projected total value of over $38 billion (including leverage and JV partner equity). For more information, visit www.beaconcapital.com.
About GRESB
GRESB is the global environmental, social, and governance (ESG) benchmark for real assets. Working in collaboration with the industry, GRESB defines the standard for sustainability performance in real assets, providing standardized and validated ESG data to more than 70 institutional investors – representing over USD 18 trillion in institutional capital. In 2018 a record 903 property companies and funds participated in the GRESB Real Estate Assessment, the Infrastructure Assessment covered 75 funds and 280 assets, and 25 portfolios completed the Debt Assessment.