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Progressive analysis is completed to evaluate each investment candidate against a variety of social and environmental criteria. The Fund seeks to invest in companies that:
- Prioritize energy conservation and efficiency programs, particularly companies that have established energy reduction goals over defined periods of time for their least energy efficient properties.
- Evaluate environmental impacts of project siting and location with a preference for urban development and an avoidance of companies that contribute to sprawl through large-scale, greenfield development or impact environmental zones.
- Engage with stakeholders, including tenants, local communities, employees and unions, suppliers and contractors, to address environmental and environmental health concerns.
- Prioritize development that includes green building standards (e.g., LEED/Leadership in Energy and Environmental Design Green Building Rating System®) and exhibit a preference for development that uses non-toxic materials and that attempts to integrate renewable energy systems into project design.
- Have robust policies regarding resource (energy, electricity, water) and waste stream (refuse and wastewater) management systems and use of established reporting protocols for monitoring and improvement.
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we are looking for public real estate companies
that are traded on a stock exchange |
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there are approximately 200 stocks that we would consider
for investment |
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most of our holdings will be Real Estate Investment
Trusts (REITs) |
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a REIT is a company that usually owns and operates
income-producing real estate such as apartments, shopping centers,
offices and warehouses
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 We
break the real estate universe down into local markets |
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there are 60 major metropolitan areas to evaluate |
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supply and demand factors will determine the attractiveness
of the local market |
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to improve our understanding of each local market
we have a travel rotation to cover the U.S. |
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we are more likely to overweight the local markets
that have the best fundamentals |
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 We
identify companies with strong management teams |
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a management team can add value to real estate
and improve its probability of outperformance |
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the management team should have a strategy that addresses
the idiosyncrasies of the local market |
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we seek individuals with a proven track record in this
industry
we will tour their properties and locations and compare them to competing properties
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 We
spread our investments across different sectors |
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we want to build a solid portfolio of strong companies that
we don't need to trade frequently |
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making big sector bets based on short-term events is a difficult
and dangerous way to manage a real estate fund |
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we balance our investments across the different sectors in
a structure that is similar to our benchmark, the NAREIT Equity
REIT Index |
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our success will usually come from our selection
of promising local markets and management teams |
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Our
investment universe is broadly defined as real estate investments
