Property Monitoring and Management - ESG issues are raised with partners and property managers in a variety of ways. Even as a minority investor, practices such as local benchmarking requirements are synergistic with portfolio reporting requirements, and data is tracked wherever feasible.
Property Development and Major Renovations - when properties are developed or major renovations take place, numerous factors are considered. In some cases, a property may pursue a green building certification such as LEED, and in others, minimum standards for fit ups and re-furbishments are followed. Tenant Improvement guidelines are also available as a resource for tenants.
Occupier Engagements - Jamestown utilizes high performance or "green" lease provisions in all template leases, with the goal of reducing the perceived "split incentive" between landlords and tenants regarding efficiency improvements. Other provisions facilitate effective data collection for reporting, and serve as a way to start a dialog with a perspective tenant. Additionally, tenant memos and signage regarding best practices and special events such as Earth Hour and Earth Day are also used to engage occupants around sustainability and ESG topics.
Community Engagements Related to Our Properties - Our properties play an important role in their local communities, and assets finds creative ways to engage with and support their local communities. This might be more focused on the tenant population at an office building, or it could mean hosting a weekly farmer's market or e-waste recycling event at a larger property. The form of engagement varies from asset to asset.