Peternell, the company’s vice president of sustainability, said going green can serve as a “competitive differentiator” for REITs. Regency Centers started $240 million worth of development and redevelopment projects in 2014.
With mountains of real estate debt coming due in the next three years, borrowers appear to be taking advantage of favorable market conditions to prepay loans tied to commercial mortgage-backed securities (CMBS).
The CMBS delinquency rate, which includes loans that are 30 days or more past due, fell to 5.66 percent in January, compared with 7.25 percent a year earlier, according to commercial real estate consulting firm Trepp LLC. It marked the 18th monthly decline in the past 20 months.
Kimco issues a corporate sustainability report based on Global Reporting Initiative (GRI) guidelines. Teichman explained the rationale behind using GRI.
Jody Clark, vice president of Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
REIT.com was on hand at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va., to talk with attendees about the future of sustainability in real estate.
HCP is a fully integrated REIT serving the health care industry. It was the first health care REIT selected to the S&P 500 Index. Klaritch outlined a number of sustainability initiatives now underway at HCP.