Real Estate &
Sustainability

Building a better tomorrow by capturing the green premium
ESG 03

Commitments & Recognition

We believe that environmental, social and governance best practices can enhance the performance of our clients’ investments both by driving value and decreasing risk.

Our Approach

Analyze

Environmental Factors will drive long-term occupier & investor demand

Price

Expected returns for green and non-green buildings will diverge

Manage

Active management can capture the green premium

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ESG Team

  • David De Vos bw

    David DeVos is Global Head of ESG for LaSalle Investment Management. He is responsible for accelerating our global ESG strategy and objectives, while driving execution on programs in collaboration with senior leadership and various portfolio stakeholders.

  • Elena Alschuler bw

    Elena Alschuler is Vice President of Sustainability for LaSalle’s Americas region. She acts as a central leader for all of the region's sustainability initiatives. She works closely with Portfolio Management on sustainability strategies, as well as Asset Management to develop programs for property-level initiatives.

Asset Level ESG Integration

Acquisitions

JLL Income Property Trust assesses the sustainability of potential acquisitions through a due diligence checklist covering:

  • Energy performance
  • Current and potential certifications
  • Capital needs that present efficiency opportunities
  • Available incentives
  • Local market demand for sustainable buildings

Operations & Management

Improving operational efficiencies is a core tenet of JLL Income Property Trust's Asset Management. Energy & sustainability initiatives include:

  • Ongoing tracking of energy, water and waste use
  • Energy & Sustainability Plan integrated into annual budget
  • Certifications such as LEED and Fitwel
  • Green guide for property managers
  • Energy procurement

Capital Upgrades

JLL Income Property Trust proactively invests in financially accretive projects as a matter of business, and incorporates efficiency into capital upgrades:

  • Low cost & High IRR - Lighting improvements, HVAC controls
  • Solar where profitable, such as in CA, MA, DC
  • Capital plans, e.g. HVAC replacements

Tenants

Tenants account for over 50% of a building’s environmental footprint. JLL Income Property Trust works with tenants on:

  • Green leasing
  • Efficient buildouts & TIs
  • Engagement programs

Case Studies

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Penfield Exterior 02
Apartment

The Penfield

1st apartment community in Minnesota to achieve Fitwel Certification

95 out of 100 Walk Score®

Green roof mitigates stormwater runoff and has a weather station for the local university

Case Study Pioneer Tower
office

Pioneer Tower

Unparalleled mixed-use urban environment with direct access to Pioneer Place, Portland’s #1 shopping destination

Achieved 10% annual energy reduction since acquisition

Convenient access to public transportation and pedestrian walkway

Case Study Pinole Point
Industrial

Pinole Point Distribution Center

Engaged tenants Williams-Sonoma and Amazon to monitor energy consumption.

Achieved ENERGY STAR certification for both buildings demonstrating energy efficiency.