Logistics Property Company, LLC (“LPC”), a modern logistics real estate developer, investor, and manager headquartered in Chicago, Illinois, has participated in the 2023 GRESB Development Benchmark for LPC Logistics Venture Two, LP’s (“Venture II”), LPC’s second develop-to-core fund. LPC is pleased to announce that Venture II has been recognized as Regional Sector Leader for non-listed Americas Industrial and has ranked first in its peer group, Americas / Industrial: Non- Listed, Non-Refrigerated / Core category. With this ranking, Venture II has earned a Green Star designation with a GRESB four-star rating for outstanding performance in environmental stewardship, social responsibility, and governance (ESG) and sustainable development practices, ranking Venture II properties in the top 40% of all GRESB participants, regardless of property type or region.
Each year, GRESB (Global Real Estate Sustainability Benchmark) assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. GRESB Assessments are guided by what investors and the industry consider to be material issues in sustainability performance of asset investments and are aligned with international reporting frameworks, goals, and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.8 trillion of gross asset value, encompassing 2,084 real estate entities, 687 infrastructure assets and 172 infrastructure funds.
“The strategic integration of GRESB into LPC’s sustainable pathway has provided us with ethical considerations and long-term value creation principles, which in turn supports our ability to effectively mitigate risk, enhance performance, and align our portfolio with a robust and sustainable future.” said Jim Martell, Chief Executive Officer at Logistics Property Company.
“We are proud to be named a GRESB Regional Sector Leader and our assessment score is a testament to the excellence in sustainable management, teamwork, integration, and expertise across the company. stated Elena Daniel, Senior Vice President and Head of Environmental, Social and Governance, Logistics Property Company. “We are grateful to everyone who has contributed to this achievement.”
“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.” stated Sebastien Roussotte, Chief Executive Officer of GRESB.
In recent years, there has been increased demand for sustainability-focused real estate construction and operation, as well as a call for increased transparency into the efforts put forth by companies as they adopt ESG-centric business practices, all leading to the adoption of new strategic GRESB reporting processes. LPC’s commitment to GRESB and ESG reporting will continue to be guided by industry leading practices and principles, which are further highlighted in the 2022 ESG Report.
GRESB is an industry-driven organization committed to assessing the environmental, social, and governance (ESG) performance of real estate portfolios (public, private, and direct) around the globe. The dynamic benchmark is the international standard by which institutional investors engage with their investments and improve the sustainability performance of real estate portfolios.
About Logistics Property Co.
Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties. The group is led by a diverse management team that averages more than 25 years of experience and has developed more than 56.7 million square feet of logistics buildings since 1995. LPC is headquartered in Chicago with more than 75 employees strategically located across eight offices. Its portfolio currently comprises 55 buildings across 23.9 million square feet in key logistics markets across North America with an estimated end value of more than $4.3 billion. For further information, please visit logisticspropco.com and follow @logisticspropco.
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.
About GRESB Sector Leaders
GRESB Sector Leaders are the best performers by sector and region from across the GRESB Assessments. The entity with the top score, as well as the entities with a score within 1 point of the top score in a category are recognized as Sector Leaders. For more information on GRESB Sector Leaders, please see: 2023 Real Estate Assessment Results.