REITs go green with new property indexes

TRD New York /
Nov.November 19, 2012 09:00 AM

A joint venture between FTSE Group, NAREIT, and the U.S. Green Building Council has created the first investable green property indexes for both institutional and retail investors, Forbes reported. The collaborative effort involved global market leaders in U.S. real estate indexing, REIT market experts, and environmentally friendly builders.

The indexes, which are currently in their final stages of development, will give investors a structured way to measure the risks and rewards of investing in green property. The indexes will also help property investors introduce principles of sustainability into their portfolios.

The green property indexes will be based on the analysis of more than 14,300 LEED and 18,400 Energy Star projects, with third-party certifications based on their energy consumption and sustainability.

“The new family of green property indexes will be based on the market’s leading benchmark for U.S. real estate, the FTSE NAREIT Index Series, using green data (LEED & Energy Star ratings) from USGBC. The USGBC is a leading non-profit organization known for its development of LEED, a global green building program, and its large diverse community,” the collaborative group said in a statement. [Forbes]Christopher Cameron


Related Articles

arrow_forward_ios
Chicago resi broker will have a different kind of deal to close on “The Bachelorette”

Chicago resi broker will have a different kind of deal to close on “The Bachelorette”

Calling all agents: Reality show casts wide net for “beach junkie realtors”

Calling all agents: Reality show casts wide net for “beach junkie realtors”

Apollo aims for $1B for third real estate fund

Apollo aims for $1B for third real estate fund

VEREIT pays $85M to settle accounting scandal class-action suits

VEREIT pays $85M to settle accounting scandal class-action suits

Columbia Property Trust hires advisor following takeover offer

Columbia Property Trust hires advisor following takeover offer

Forest City’s chief development officer leaves company

Forest City’s chief development officer leaves company

(From back: Max Pixel, Piotr Siedlecki)

Why Canadian retail REITs are “hitting the jackpot”

(Credit from left: Pixabay, Canobielakepark)

For second year, major Hong Kong REIT buys back shares

arrow_forward_ios
Loading...