Financial News
GID Announces 2024 Annual Responsible Investments Report
GID, the US-based real estate investment management firm with over $30 billion in assets under management, has announced the release of its 2024 Responsible Investments Report. The publication provides a comprehensive update on the progress made throughout 2024 and early 2025 on the programs, projects and targets across GID’s Responsible Investments platform.
“We are delighted to share our latest Responsible Investments Report, which highlights the investments and results that advanced both our sustainability goals and performance,” says Philip Carmody, Senior Vice President and Head of Responsible Investments at GID. “As we celebrate GID’s 65th anniversary, this report reflects our mission from the beginning: enhance the communities in which we invest, live and operate.”
In 2024, GID’s commitment to responsible investing was seen through a range of initiatives across its portfolio. By implementing innovative technology, GID closely monitored and reduced energy use, water consumption, and greenhouse gas emissions. GID achieved a 17% reduction in emissions and 20% baseline reduction in energy, meeting its 10-year energy reduction goal for two of its portfolios of multifamily assets ahead of schedule.
In 2024, GID implemented sustainability upgrades such as energy efficient retrofits, electric vehicle charging infrastructure, Green Seal-certified cleaning programs, and effective waste management systems. Additionally, the firm invested in employee well-being and professional development, expanded resident engagement programs and mobilized employee volunteers to contribute over 3,000 hours to community service initiatives.
The report includes other key highlights that showcase a year of substantial progress toward GID’s sustainability objectives, including:
- Earned top-tier GRESB® rankings, including two top-three peer group placements and a 12% score increase for Multifamily Open End Fund I.1
- Recognition of GID’s Multifamily Responsible Investments program as a finalist for the Best ESG Program Award by Multifamily Housing News.2
- Named ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency and the U.S. Department of Energy for portfolio-wide sustainability performance.3
- Honored with the 2024 LEAP Sustainable Fund Award by Healthcare of Ontario Pension Plan.4
- Windsor Communities, GID’s wholly owned property management company that manages all multifamily properties in the firm’s portfolio, ranked #1 for Resident Satisfaction for the fourth consecutive year by Grace Hill’s 2025 Kingsley Excellence Award.5
- 141 multifamily and industrial properties across the portfolio with one of more green building certifications or energy ratings.6
- Continued investment in employee wellness through access to BetterUp Care for mental health and wellness, and Proper Wise for financial guidance.
To view the complete 2024 Annual Responsible Investments Report, visit https://responsibleinvestments.gid.com/
About GID
GID is a privately-held, vertically-integrated real estate company that owns, operates, and/or manages a portfolio of multifamily and industrial assets, and develops multifamily and mixed-use projects across the United States. The firm also operates a credit platform that provides commercial real estate debt solutions for institutional borrowers. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York and San Francisco, and 65 years of experience across multiple asset classes, GID is a seasoned real estate investor and manager with an integrated operating platform. As of March 31, 2025, GID owns and/or manages $30.4 billion of assets under management across 56,000 apartment units and 28 million square feet of industrial and commercial space.7
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2 Multi-Housing News (MHN) recognized GID and Windsor Communities for their commitment to integrating sustainable practices across their real estate business. Winners of the 2024 MHN Excellence Awards were selected by an independent panel of judges based on self-reported data from all nominees for 2023 and 2024. GID/Windsor Communities® paid an entry fee to MHN. Neither GID nor Windsor Communities are affiliated with MHN. More information on the MHN Excellence Awards is provided here. |
3 GID does not pay a fee to ENERGY STAR, a program administered by the U.S. Environmental Protection Agency. ENERGY STAR Partner of the Year award achieved in 2024, and valid for a period of one year. |
4 GID does not pay a fee for the Healthcare of Ontario Pension Plan (HOOPP) LEAP Sustainability Awards, the award is only open to partners of HOOPP. The Sustainable Fund award was earned in 2024 and is valid for one year. |
5 The Kingsley ranking is based on data from January 2024 to December 2024. Windsor Communities pays a service fee to Kingsley for its ongoing survey program. Neither GID nor Windsor Communities are affiliated with Kingsley or its affiliates. More information on the Kingsley Index is located here. |
6 Neither GID nor Windsor Communities are affiliated with any certification awarding bodies or organizations. GID pays prerequisite administration fees to cover application, review, and certification expenses. |
7 AUM is as of 3/31/2025 and is calculated in compliance with the definition for Assets Under Management (“AUM”) prescribed in INREV’s Global Definitions Database and includes the market value of real estate as well as non-real estate assets (including any cash in the vehicle or mandate) and committed but uncalled capital for which GID provides oversight and investment management services (for internal client capital and third-party capital) in the funds as well as “Other GID Accounts,” (as defined below) and accounts for which GID provides asset management services without an equity investment. Other GID Accounts include proprietary accounts and co-investment joint ventures with unaffiliated investors where the latter maintain significant approval rights over the management of these investments. Such investment vehicles are not considered "securities portfolios" or "private funds" for purposes of the Investment Advisers Act of 1940 and are not included in the regulatory assets under management reported in Form ADV Part 1A or Part 2A. As of December 31, 2024, the firm’s regulatory assets under management totaled $4.6B. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250808754713/en/
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gid@berlinrosen.com
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