JLL Income Property Trust Receives Prestigious Nareit Sustainability Award in 2024
On December 16, 2024, JLL Income Property Trust was recognized with the esteemed Nareit "Leader in the Light" award for its exceptional commitment to sustainability and environmental practices. This recognition is a testament to the institution's ongoing efforts to foster responsible investment in the real estate market, enhancing their portfolio while being mindful of ecological impact.
The award ceremony took place during the REITworld 2024 Annual Conference, marking the 19th annual event of its kind. Nareit, the National Association of Real Estate Investment Trusts, bestows these awards upon firms that exhibit exemplary leadership in sustainable practices, social responsibility, governance, and transparency. The evaluation for this prestigious accolade is based on the GRESB Annual Real Estate Assessment, alongside responses to additional questions that are reviewed by a knowledgeable panel of judges.
This year's conference also saw the introduction of a new category specifically for public non-listed REITs (PNLR), commonly known as NAV REITs, where JLL Income Property Trust emerged as the proud recipient of the PNLR "Leader in the Light" award. In a statement following the award presentation, Allan Swaringen, President and CEO of JLL Income Property Trust, shared, "We believe sustainability initiatives can drive value and mitigate risk, and we integrate these principles in our portfolio construction, acquisitions, and asset management activities, resulting in a tailored approach to each property in our portfolio. We are honored to be the first NAV REIT to receive this prestigious award, and thank Nareit for their leadership in driving more environmentally sound practices in the industry."
Highlighting the ongoing dedication of REITs to embrace sustainable frameworks, Steven A. Wechsler, President and CEO of Nareit, commented, "Significant steps are being taken by REITs to implement sustainable, transparent practices that strengthen resilience, add investor value, and positively impact communities. We are proud to be part of an industry committed to sustainability, with our members leading the way in driving those initiatives."
Jessica Long, Senior Vice President of Environmental Stewardship & Sustainability at Nareit, also expressed enthusiasm, stating, "We are thrilled to recognize our members who have set the standard for advancing sustainability practices in their buildings and local communities and who are driving meaningful impact."
As a daily NAV REIT, JLL Income Property Trust manages a diversified portfolio comprising high-quality residential, health care, industrial, grocery-anchored retail, and office properties spread across multiple locations in the United States. With its remarkable growth and strategic implementation of sustainability practices, it remains dedicated to expanding its breadth and entering into the global real estate market.
Nareit serves as the global representative for REITs and other real estate firms, promoting and acknowledging the achievements within the sector through its annual awards program. The organization highlights the exemplary contributions of its members and industry professionals, particularly regarding sustainability and social responsibility in real estate.
For further information regarding JLL Income Property Trust and their extensive property portfolio, you can visit their website at www.jllipt.com. The firm is also under the management of LaSalle Investment Management, a recognized leader in real estate investment.
In conclusion, the recognition received from Nareit signifies JLL Income Property Trust's unwavering commitment toward sustainability, setting a benchmark for the industry while shaping a brighter, more responsible future in real estate investment.
The award ceremony took place during the REITworld 2024 Annual Conference, marking the 19th annual event of its kind. Nareit, the National Association of Real Estate Investment Trusts, bestows these awards upon firms that exhibit exemplary leadership in sustainable practices, social responsibility, governance, and transparency. The evaluation for this prestigious accolade is based on the GRESB Annual Real Estate Assessment, alongside responses to additional questions that are reviewed by a knowledgeable panel of judges.
This year's conference also saw the introduction of a new category specifically for public non-listed REITs (PNLR), commonly known as NAV REITs, where JLL Income Property Trust emerged as the proud recipient of the PNLR "Leader in the Light" award. In a statement following the award presentation, Allan Swaringen, President and CEO of JLL Income Property Trust, shared, "We believe sustainability initiatives can drive value and mitigate risk, and we integrate these principles in our portfolio construction, acquisitions, and asset management activities, resulting in a tailored approach to each property in our portfolio. We are honored to be the first NAV REIT to receive this prestigious award, and thank Nareit for their leadership in driving more environmentally sound practices in the industry."
Highlighting the ongoing dedication of REITs to embrace sustainable frameworks, Steven A. Wechsler, President and CEO of Nareit, commented, "Significant steps are being taken by REITs to implement sustainable, transparent practices that strengthen resilience, add investor value, and positively impact communities. We are proud to be part of an industry committed to sustainability, with our members leading the way in driving those initiatives."
Jessica Long, Senior Vice President of Environmental Stewardship & Sustainability at Nareit, also expressed enthusiasm, stating, "We are thrilled to recognize our members who have set the standard for advancing sustainability practices in their buildings and local communities and who are driving meaningful impact."
As a daily NAV REIT, JLL Income Property Trust manages a diversified portfolio comprising high-quality residential, health care, industrial, grocery-anchored retail, and office properties spread across multiple locations in the United States. With its remarkable growth and strategic implementation of sustainability practices, it remains dedicated to expanding its breadth and entering into the global real estate market.
Nareit serves as the global representative for REITs and other real estate firms, promoting and acknowledging the achievements within the sector through its annual awards program. The organization highlights the exemplary contributions of its members and industry professionals, particularly regarding sustainability and social responsibility in real estate.
For further information regarding JLL Income Property Trust and their extensive property portfolio, you can visit their website at www.jllipt.com. The firm is also under the management of LaSalle Investment Management, a recognized leader in real estate investment.
In conclusion, the recognition received from Nareit signifies JLL Income Property Trust's unwavering commitment toward sustainability, setting a benchmark for the industry while shaping a brighter, more responsible future in real estate investment.
Topics General Business）
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