AvalonBay Named Global and Regional Sector Leader by GRESB and Awarded Nareit’s 2020 Residential Leader in the Light Award
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) — The Global Real
Estate Sustainability Benchmark (GRESB) has again named AvalonBay
Communities, Inc. a Global and Regional Sector Leader in its 2020
Real Estate Assessment, a benchmark that covers more than 1,000
property companies, real estate investment trusts (REITs), funds,
and developers. For the first time, AvalonBay has also received
5-stars, the highest achievement level recognized by GRESB.
AvalonBay is also the proud recipient of the 2020 Nareit
Residential Leader in the Light Award. This is the highest
achievement for all residential REITs and real estate companies,
and it reflects our commitment to social and environmental
sustainability. The Company also received the award in 2019, 2015,
2013 and 2012.
"AvalonBay’s commitment to corporate responsibility has never
been more important. We are proud to lead the way in environmental,
social and governance performance and honored to receive this
recognition from GRESB and Nareit,” said Timothy J. Naughton,
Chairman and CEO of AvalonBay.
"We are proud to recognize the 2020 Sector Leaders for their
clear commitment and meaningful action to improve their ESG
performance,” says Sander Paul van Tongeren, Managing Director at
GRESB "Your efforts continue to shape the future of sustainability
leadership and play a critical role in accelerating the transition
towards sustainable real assets.”
“We are proud to recognize our members that demonstrate
leadership in the REIT and the publicly traded commercial real
estate industry with their vision, innovation and strategy in
addressing ESG issues,” said Fulya Kocak, Senior Vice President,
ESG issues, Nareit.
AvalonBay’s most recent Corporate Responsibility Report provides
details on the Company’s ESG goals, initiatives and
About AvalonBay Communities, Inc.
As of September 30, 2020, the Company owned or held a direct or
indirect ownership interest in 294 apartment communities containing
86,676 apartment homes in 11 states and the District of Columbia,
of which 19 communities were under development. The Company is an
equity REIT in the business of developing, redeveloping, acquiring
and managing apartment communities in leading metropolitan areas
primarily in New England, the New York/New Jersey Metro area, the
Mid-Atlantic, the Pacific Northwest, and the Northern and Southern
California, as well as in the Company’s expansion markets
consisting of Southeast Florida and Denver, Colorado. More
information may be found on the Company’s website at
GRESB is a mission-driven and investor-led organization
providing standardized and validated Environmental, Social and
Governance (ESG) data to the capital markets. Established in 2009,
GRESB has become the leading ESG benchmark for real estate and
infrastructure investments across the world. In 2020 alone, more
than 1,200 real estate portfolios reported to GRESB covering more
than 96,000 assets. Our coverage for infrastructure includes more
than 540 infrastructure portfolios and assets. Combined, the
reported assets represent US $5.3 trillion AUM. The data is used by
more than 100 institutional and financial investors to monitor
investments across portfolios and navigate the strategic choices
needed for the industry to transition to a more sustainable future.
Learn more at GRESB.com.
Nareit serves as the worldwide representative voice for REITs
and real estate companies with an interest in U.S. real estate.
Nareit’s members are REITs and other real estate companies
throughout the world that own, operate, and finance
income-producing real estate, as well as those firms and
individuals who advise, study, and service those businesses. Nareit
is the exclusive registered trademark of the National Association
of Real Estate Investment Trusts, Inc.®, 1875 I St., NW, Suite 500,
Washington, DC 20006-5413. Follow us on REIT.com.
Copyright © 2021 AvalonBay Communities, Inc.
All Rights Reserved
version on businesswire.com: https://www.businesswire.com/news/home/20210105005079/en/
Mark Delisi Vice President Corporate Responsibility and Energy
Management AvalonBay Communities, Inc. 703-317-4707