Boston, October 18, 2023 – Beacon Capital Partners, a leading private real estate investment firm that owns and operates office and life science properties across the U.S., has been recognized for continued leadership in the 2023 GRESB Assessment. Beacon submitted information for two of its active commingled funds (BCSP 7 and 8) and for a joint venture portfolio. All three investment entities maintained their five-star ratings, received high scores in several categories, and excelled among their peers.
Notable results included:
#1 rankings in two peer comparisons (BCSP 8 in U.S. Office: Corporate / Value-Added category and the joint venture portfolio in Diversified / Opportunistic category )
All three submissions earned a 30 out of 30 score for Management.
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics.
“We are proud and grateful to be recognized by GRESB for our continued progress and leadership,” said Beacon Capital Partners President and CEO Fred Seigel. “In a competitive environment, these efforts are critical to meeting the needs of our tenants, visitors, and employees, and they reflect our commitment to the broader communities in which they live and work.”
The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals, and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.8 trillion of gross asset value, encompassing 2,084 real estate entities, 687 infrastructure assets, and 172 infrastructure funds.
GRESB data are used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks, and choices that need to be made as the industry transitions to a more sustainable future.
“Reviewing the benchmarks for this year, it's evident that the industry's dedication to ESG principles is stronger than ever, as showcased by the continued increase in participation and broader data coverage. We applaud investors and managers in the real assets sector for their resolute pursuit of sustainability,” said Sebastien Roussotte, CEO of GRESB.
About Beacon Capital Partners
Beacon Capital Partners (“Beacon”) is a leading private real estate investment firm, owning and operating office and life science properties across the U.S. The firm has more than a 75-year legacy of successful real estate development, management, and transformation of workplaces. Since 1998, Beacon has raised ten commingled investment vehicles, as well as multiple joint venture vehicles and co-investments, totaling over $19 billion of equity capital commitments from public and corporate pension funds, financial institutions, endowments, foundations, and other U.S. and non-U.S. institutional investors. Today, Beacon has over $14 billion of assets under management and owns and operates a portfolio spanning more than 29 million square feet across 14 U.S. markets. Beacon’s experienced team creates workspaces that inspire creativity, collaboration, and innovation across a broad range of tenants and industries. The team uses disciplined property selection and innovates with design-driven transformation, curated tenant amenities and experiences, and a strong focus on tenant service to create properties that attract today’s tenants. Headquartered in Boston, Beacon has offices and market-focused teams in eight major U.S. cities. Beacon supports building a sustainable and inclusive future. The firm has been recognized as ENERGY STAR Partner of the Year for 12 consecutive years and currently manages over 21 million square feet of LEED office space. Beyond sustainability, Beacon has been designated as a Fitwel Champion, and in partnership with 9 Foundations, launched a healthy buildings program across its portfolio. For more information, please visit www.beaconcapital.com.
About GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.
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