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Shorenstein Highly Ranked in 2015 GRESB Assessment

San Francisco firm maintains ‘Green Star’ rating, ranks 2nd among U.S. peers in Office investment sector and in top echelon of all global participants

 

San Francisco, CA – October 21, 2015 – Shorenstein Properties LLC, a private real estate investment firm and fund sponsor engaged in the ownership of high quality office and mixed-use properties nationwide, has been ranked in the top 15 percent of 707 global participants in this year’s GRESB (Global Real Estate Sustainability Benchmark) assessment

The firm improved its sustainability performance in 2015, achieving an overall score of 78/100 and elevating it to second place among a peer group of 22 other major investors active in the ownership of U.S. office properties and 14th among 155 North American investors in all commercial real estate sectors.  The average score for Shorenstein’s peer group was 59/100. 

 “We take very seriously our responsibility as stewards of our buildings and the broader environment,” said Stan Roualdes, Executive Vice President, Shorenstein Properties.  “Sustainability is not just a competitive edge or an optional business strategy – it’s a collective obligation,” he added.

Globally, Shorenstein ranked 27th out of 145 global investors in office properties and 82nd in the full ranking of 707 investors.

GRESB is an investor-driven sustainability assessment for real estate portfolios covering $2.3 trillion in assets globally.  This is the second year Shorenstein has participated in GRESB and, in its first year it received GRESB’s Green Star, the highest designation the group awards and a rating it retains in 2015. 

For more information about Shorenstein’s sustainability program, visit: www.shorenstein.com/sustainability.

 

About Shorenstein Properties LLC

Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm active nationally in the ownership and management of high-quality office properties, with offices in San Francisco and New York.  Starting in 1992, Shorenstein has sponsored eleven closed-end investment funds with total equity commitments of $7.9 billion, of which Shorenstein committed $648.5 million.  Shorenstein uses its integrated investment and operating capabilities to take advantage of those opportunities which, at the particular time in the investment cycle, offer the most attractive risk-adjusted returns.  Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures.  These funds have invested in properties totaling 56.7 million square feet in transactions with a gross investment value in excess of $13.4 billion.