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NEW YORK–(BUSINESS WIRE)–Mar 16, 2021–
Savanna has been acknowledged by two main trade organizations for portfolio-wide efficiency in sustainability and wellness. Savanna formally earned the WELL Health-Safety Rating certification for its whole New York Metropolis portfolio this month and achieved a four- or five-star ranking for all of its portfolio degree submissions to the 2020 Global Real Estate Sustainability Benchmark (“GRESB”) survey, the outcomes of which have been printed in November.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20210316005770/en/
Savanna’s new improvement at 141 Willoughby Avenue in Brooklyn. (Photograph: Enterprise Wire)
“We now have been making a concerted effort over an extended time period to repeatedly improve our ESG program and efficiency, and we take nice satisfaction in each of those current achievements,” stated Peter Rosenthal, Principal, Director of Growth and Chief Sustainability Officer. “Whereas our vertically built-in workforce has labored collectively for a few years to combine sustainability throughout our platform, this previous yr, the well being and wellness element of ESG grew to become a transparent focus through the pandemic. We responded accordingly and labored arduous to make sure that our portfolio was appropriately positioned to accommodate tenants in a post-COVID setting.”
By clearly demonstrating well being and security as a high precedence and introducing many well being and wellness enhancements at its buildings, Savanna certified for the coveted WELL Well being-Security Score on behalf of all of its New York Metropolis properties. Issued by the International WELL Building Institute (IWBI), the WELL Well being-Security Score is an evidence-based, third-party verified ranking for all new and current constructing and area varieties specializing in operational insurance policies, upkeep protocols, stakeholder engagement, emergency plans to deal with a post-COVID-19 setting, and monitoring options of the constructed setting that influence human well being and wellbeing, via seven core areas – air, water, nourishment, mild, health, consolation, and thoughts.
Along with creating tailor-made re-entry plans for every of its properties and implementing quite a few new operational protocols, Savanna additionally made many bodily modifications to its buildings post-pandemic in an effort to handle tenants’ evolving well being and security wants. Upgrades at sure properties included the implementation of touchless constructing entry with smartphone connectivity to turnstiles; vacation spot dispatch elevators; touchless, computerized and anti-microbial fixtures and {hardware} within the restrooms; bi-polar ionization expertise within the HVAC methods; ultraviolet germicidal irradiation; enhanced filtration; and elevated air flow charges.
Savanna has carried out not solely well being and wellness measures but additionally a number of different ESG initiatives, which the agency has been steadily rolling out and enhancing over the previous a number of years. Internally, Savanna takes a holistic, multi-disciplinary method to its ESG platform, which is led by a 7-person workforce comprised of members from the agency’s Investor Relations, Mission Administration, Leasing, Funding, and Building Administration groups.
Members of the ESG Group have overseen the agency’s energetic participation and membership in GRESB, the main ESG and sustainability world benchmark, for almost 10 years. Savanna works with two third-party sustainability consultants, the Power and Sustainability Companies workforce at Jones Lang LaSalle (“JLL”), and Quinn & Companions, in an effort to repeatedly enhance its ESG program on the agency, portfolio, and asset degree. Along with Savanna’s consultants, the ESG workforce has efficiently led the pursuit and achievement of a number of LEED and Power Star certifications throughout the portfolio, the event of complete ESG associated insurance policies and studies, and the completion of asset degree analyses to guage vitality conservation measures.
“Savanna has established itself as a CRE market chief in response to COVID-19 via early adoption of the WELL Well being-Security Score and has additionally built-in ESG and sustainability initiatives into its properties’ daily operations, leading to substantial enchancment in GRESB efficiency,” stated Crissy Haley, Vice President of Power & Sustainability at JLL. “Because the market shifts its focus even deeper to carbon reductions, Savanna has been proactive in creating a method to mitigate its influence and additional its market management.”
As sustainability continues to be extremely valued by each tenants and traders, and as well being and wellness have emerged to take middle stage, Savanna continues to prioritize its dedication to ESG. The workforce is at the moment engaged on creating and implementing a variety of new initiatives for 2021.
About Savanna
Savanna, shaped in 1992, is a vertically-integrated actual property funding supervisor primarily based in New York Metropolis and centered on strategic property investments all through the Metropolis’s 5 boroughs. The agency pursues actual property fairness and debt investments, together with ground-up improvement and main repositioning tasks. Savanna’s fairness investments goal worth add/opportunistic returns by including worth via asset administration and/or property improvement, redevelopment, and repositioning, deploying a workforce of greater than 50 skilled funding, asset administration, building, and leasing professionals. Savanna additionally selectively invests in actual property debt devices which have the potential to generate equity-like returns, together with most popular fairness devices, excessive yield bridge and mezzanine loans, and B-notes. Since 2006, Savanna has invested over $5 billion in whole capital throughout roughly 17 million sq. toes of actual property.
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CONTACT: Media :
Roxanne Donovan (Roxanne@greatink.com)
Eric Waters (Eric.Waters@greatink.com)
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: ENVIRONMENT COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY INFECTIOUS DISEASES REIT INTERIOR DESIGN BUILDING SYSTEMS ARCHITECTURE GENERAL HEALTH HEALTH
SOURCE: Savanna
Copyright Enterprise Wire 2021.
PUB: 03/16/2021 12:00 PM/DISC: 03/16/2021 12:01 PM
Copyright Enterprise Wire 2021.
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