REAL ESTATE TECHNOLOGY
businesswire | November 18, 2020
Parque Arauco S.A. announces that for the fifth consecutive year, it is the only Chilean real estate company in the Emerging Markets Dow Jones Sustainability Index ,Dow Jones Sustainability Chile Index and Dow Jones Sustainability MILA Pacific Alliance Index.
About the Dow Jones Sustainability Index
The Dow Jones Sustainability Index is one of the most rigorous and well respected indices in the world. Its methodology independently evaluates more than 7,300 companies, from 60 industries in more than 40 countries. The focus of the evaluation analyzes the information of over 100 industry-specific questions focusing on economic, environmental and social factors that are relevant to the companies’ success. In the real estate sector some of the most important factors reviewed are corporate governance, risk and crisis management, as well as customer relationship practices. Additionally, climate change, operational eco-efficiency, conservation and environmental efficiency strategy is evaluated. Social factors evaluated include human capital, labor practices, integration and stakeholder engagement.
Manjit Jus, Global Head of ESG Research and Data, S&P Global commented: “We congratulate Parque Arauco for being included in the DJSI Emerging Markets, Chile and MILA Indexes. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet."
Parque Arauco and sustainability management
Parque Arauco has defined its strategic pillars as growth, profitability and sustainability. The Company has a sustainability agenda that is periodically reviewed by a corporate committee made up of top level executives. Additionally, the Board of Directors receives status updates at least three times a year.
In this context, it is possible to mention a few of the recent advancements made in sustainability.
Regarding environmental matters, in 2019, Parque Arauco tripled its use of renewable energy and reduced its carbon footprint by 60%. Also, more than 16,300 cubic meters of water were recycled for garden irrigation and cleaning purposes, and more than 3,700 tons of waste were recycled, which was an increase of 20% from 2018. In social integration matters, the company developed more than 220 fairs, supporting 1,500 entrepreneurs in its shopping centers in 2019. Additionally, Parque Arauco has been recognized for its good labor practices and works with strategic suppliers to promote sustainability practices.
Currently, Parque Arauco has 1,075,500 m2 of total GLA in Chile, Peru, and Colombia. The Company inaugurated its first shopping center in Chile in 1982, entered Peru in 2006 and Colombia in 2008. The company’s assets include 8 regional shopping centers, 1 neighborhood center, 4 premium outlet malls and 17 strip centers in Chile; 6 regional shopping centers, 9 neighborhood centers, 2 premium outlet malls and 3 strip centers in Peru; 3 regional shopping centers and 1 premium outlet mall in Colombia, as well as a land bank to contribute to the company’s future growth plans.
REAL ESTATE TECHNOLOGY
CREC | June 17, 2021
CREC Real Estate, LLC announced today that it has partnered with Rincon Capital Partners to buy NEXTLoft Apartments, a 148-unit Class B+ multi-family property in Bluffton, South Carolina. The transaction's terms were not disclosed.
The three-story, two-building complex is located at 1376 Fording Island Road (or US 278, which gives access to Hilton Head Island) in Bluffton, South Carolina, 20 miles north of Savannah, Georgia. It is part of the Hilton Head/Bluffton/Beaufort metropolitan region. Over the last 20 years, the surrounding area's population has increased by more than 50%, primarily due to an inflow of retirees, generating housing demand for service industry workers who staff the area's resorts, shops, and restaurants.
NEXTLoft, which was constructed in 2000 as an extended stay hotel, had a significant makeover in 2019 and was transformed into a boutique apartment community. The studio and one-bedroom apartments include nine-foot ceilings with crown molding, wood cabinets, stainless steel appliances, and renovated bathroom vanities. The 98% community has a clubhouse, swimming pool, dog park, and a state-of-the-art fitness facility. In addition, CREC and Rincon plan to upgrade the roof, HVAC, and asphalt and install outdoor amenities and security features such as a central outdoor kitchen/grill area, a locker for package deliveries, and a community-wide keyless FOB access system to improve residents' safety.
The building is close to outlet shopping complexes, big-box retail and grocery stores, a public golf course, downtown Bluffton's eateries, boutique shops, and offices.
CREC, which manages more than $1 billion in real estate assets, specializes in multi-family real estate investments in secondary and tertiary cities around the United States. Rincon is a vertically integrated, full-service real estate and property management firm based in Phoenix. CREC and Rincon have previously worked together on three joint projects, two in Tucson and Phoenix.
CREC Real Estate, LLC (CREC) is a private investor in commercial real estate. Based in Columbus, Ohio, the firm invests through institutional funds and private placements and manages more than $1 billion in real estate assets. The firm specializes in the multi-family, hotel, and senior housing sectors in secondary and tertiary locations around the United States, utilizing a value-add strategy. CREC has completed approximately 50 investments throughout 17 states since its establishment in 2001.
Rincon Partners is a full-service, vertically integrated real estate investment and management firm. Rincon is based in Phoenix, Arizona, with acquisition offices in Atlanta, GA, and Dallas, TX, and focuses on opportunistic and value-add multi-family and self-storage commercial real estate.
REAL ESTATE TECHNOLOGY
Cherre | July 23, 2021
Cherre, the leading real estate data management, and analytics platform, announced a new collaboration with HazardHub, a leading provider of comprehensive property risk data, that will enable mutual customers to connect HazardHub's property-level hazard risk data with their other core real estate data sets for more strategic risk analysis, planning, and underwriting decisions.
HazardHub transforms massive amounts of geospatial digital data into simplified risk assessments, allowing stakeholders to make more informed decisions. Perils from the air (wind, hail, tornado, lightning), water (flood, coastal storm surge), earth (earthquake, brownfield, Superfund), and fire are all covered under the company's comprehensive, national coverage for hazards that destroy and damage property (wildfire and fire protection). In addition, mutual clients will be able to integrate HazardHub's more than 100 billion data points on property risk into their centralized data warehouse due to the collaboration with Cherre.
Cherre integrates disparate real estate data into a single source of truth, enabling the company to instantly explore their linked data for fast and actionable insight. Cherre offers the world's largest real estate knowledge graph, allowing clients to discover granular insights, automate workflows, and create models and visualizations.
HazardHub is your property risk insurance policy.
Man-Made. Air. Fire. Water. Earth. HazardHub is the third-generation provider of property-level hazard risk databases in the United States, covering the most dangerous perils. HazardHub converts massive amounts of geospatial digital data into simple answers, providing risk scorecards that can be utilized to make real-world decisions. Our scientific team provides comprehensive and innovative national coverage for risks that destroy or damage property. HazardHub is quickly becoming the industry's go-to provider for property and risk data, with over 30,000,000 results provided to the market.
Cherre is the market leader in real estate data and analysis. We provide accurate property and market information to decision-makers, allowing them to make faster and more informed decisions. Cherre enables clients to evaluate opportunities and trends faster and more accurately by offering a unique "single source of truth" while saving millions of dollars in manual data gathering and analytics costs. Cherre was founded in 2016 and is headquartered in New York City.