For us, post-investment refers to operating frameworks, which we have discussed previously as follows: Our selection of third-party managers is fundamentally focused on the appropriate mix of executional capabilities and values alignment. We expect that any third party manager would be held to identical standards of our wholly owned management entities, both in terms of ongoing impact performance as well as reporting. In fact, even at the earliest stages of our inception, we partnered closely with third party managers to develop the expectation and habituation of ESG measurement and reporting that has led to our engagement of wholly owned managers and the process of developing and refining projects that have a combined mission- and returns-driven focus. This partnership has led to an active back-and-forth with third party managers on innovation implementation that is consistent with our ESG-focused AC Way framework.
In partnership with all managers, we review ESG/impact report and activities on a quarterly and annual basis to continually improve communication and performance on impact. As a result, we are regularly receiving new points of data and project ideas directly from property managers. We've even designed property improvements which taken into consideration ESG issues. We play an active investment manager role in driving and enabling ESG-related projects of all of our managers, and this engagement has become increasing fluid and productive over time.