NEW YORK--(BUSINESS WIRE)--Sentinel Real Estate today announced that it has earned a 5 Star rating for its performance in the 2023 Global Real Estate Sustainability Benchmark (GRESB) on behalf of Sentinel Real Estate Fund, LP (SREF), which is the highest rating offered by GRESB for distinguished Environmental, Social and Governance (ESG) leadership and performance.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, and this year its ESG Assessments covered more than $8.8 trillion of assets under management. The GRESB 5 Star rating recognizes SREF for achieving a score among the highest 20% of 2,084 participants’ scores in the 2023 Real Estate Assessment worldwide.
“This important distinction reflects Sentinel’s continued efforts to positively impact the environments in which we invest, and we are honored to be recognized as an ESG leader in our industry,” said Nick Stein, Managing Director and Chair of Sentinel’s ESG Committee. “ESG objectives are integrated into all aspects of our real estate operations and investment strategy as a whole, and we are proud of our team’s collective efforts to drive forward long-term solutions for our environment and society.”
SREF achieved the highest overall GRESB score among its peers in the United States of America/Residential: Multi-Family: Low-Rise Multi-Family/Core category, receiving an overall score of 89 out of 100 points. SREF also ranked 3rd out of the 135 participants in the overall Americas Residential sector. Other notable scores in this year’s assessment include 30 out of 30 points for management, outperforming the benchmark average by three points, and a performance score of 60 out of 70, surpassing the benchmark average by 12 points.
Sebastian Roussotte, CEO of GRESB, said, “GRESB Sector Leaders embody the industry’s champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year’s Sector Leaders for their dedication, leadership and commitment to ESG principles and sustainability.”
About Sentinel Real Estate
Established in 1969, Sentinel Real Estate is a New York City-based independently owned real estate investment management firm. The firm currently has nearly $9.5 billion of institutional quality real estate assets under management on behalf of 113 domestic and international clients. Sentinel maintains offices throughout the United States, Amsterdam, Germany and Australia. The firm’s portfolio currently comprises more than 28,000 apartment units and 5.4 million square feet of commercial real estate. Sentinel operates on a vertically integrated platform with 800 employees performing all phases of the investment process, including on-site property management. For more information about Sentinel, please visit www.sentinelcorp.com.
About GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.
