ATLANTA--(BUSINESS WIRE)--Gables Residential is proud to announce its recent achievement of a prestigious 5-star sustainability rating, marking a significant milestone in its ongoing commitment to environmental responsibility and corporate excellence. This outstanding accomplishment solidifies Gables Residential as a leader among its industry peers.
The Global ESG Benchmark for Real Estate (GRESB) is a renowned industry tool that assesses over 2,000 companies, real estate investment funds, and developers, encompassing a staggering $7.2 trillion of gross asset value across 75 countries. GRESB's mission is to provide vital insights into environmental, social, and governance (ESG) performance, making it a cornerstone for investors and owners in making informed decisions.
Sue Ansel, CEO of Gables Residential, emphasized, "The GRESB result would not be possible without contributions from every Gables associate. I am proud of what we have accomplished as a company. A strong focus on ESG topics that leads to a high GRESB score demonstrates to current and future investors, as well as lenders, that Gables is well-positioned for value creation and ongoing success while continuing to be good stewards for the communities in which we operate."
Key Achievements for Gables’ Stabilized Portfolio:
- 5-star rating
- Score of 88
The Stabilized Assessment results reflect the following highlights:
- Collection of additional whole building utility data
- Incremental property certifications
- Reduced greenhouse gas emissions and increased recycling results
Key Achievements for Gables’ Development Portfolio:
- 4-star rating
- Score of 93
The Development Assessment results reflect the following highlights:
- Certification of all developments
- Integration of solar energy into more projects, including communities such as The Ashley Gables Buckhead, Gables Vinings Village, and Gables Union Market.
Gables Residential remains committed to advancing sustainability practices and looks forward to continuing its journey toward even greater achievements in the realm of environmental, social, and governance excellence.
About Gables Residential
Gables Residential is an award-winning, vertically integrated, real estate company and privately held REIT specializing in the development, construction, ownership, acquisition, financing, and management of multifamily and mixed-use communities. Gables Residential owns, develops, and manages communities in high-growth U.S. markets such as Atlanta, Austin, Boston, Dallas, Denver, Houston, Seattle, South Florida, Southern California and metropolitan Washington, D.C. Gables also provides third party management services in the Baltimore, Tampa, Phoenix, Seattle, Central and North Florida markets.
Gables manages over 25,000 apartment homes and has received national recognition for excellence in development, construction, management, sales, marketing, training, and benefits. These achievements reflect the impact of Gables’ experienced and dedicated team members, its superior knowledge of the markets served, and its expertise in development and management. For additional information about the company and its real estate portfolio and services, visit http://www.gables.com.