Responsible investment practices

ESG considerations can positively effect the performance of real estate investments in more ways than one.

ESG Mission Statement

Belay is committed to adopting and implementing sustainable and responsible investment practices in a manner that is consistent with both Belay’s investment philosophy in addition to our fiduciary responsibilities to our investors. Belay recognizes the importance of considering environmental, social, and governance (“ESG”) considerations as part of our investment process and policies.

In our role as an investment manager, we believe that ESG considerations can positively affect the performance of real estate investment portfolios to varying degrees across property types, geographies, vintages, and over time. Belay has a fiduciary mindset and a long-term sustainable approach to investing. We believe ESG integration, managed appropriately, contributes to enhanced long-term returns and reduced risks. Belay takes into account ESG considerations at the company level, investment manager level, operating partner level, and the property level.

Belay promotes sustainable and responsible investing by incorporating key environmental, social, and governance considerations into our business management, operating partner selection, investment analysis, and due diligence. Belay’s ESG Policy has been incorporated into our investment process in the following ways (i) Investment Philosophy, (ii) Implementation, and (iii) Monitoring.

Belay’s Managing Principals benefit from, on average, 27 years of dedication to the real estate industry and share a conviction that actively mentoring operating partners through their growth and evolution as fiduciaries serves to strengthen their respective platforms which in turn, translates to better anticipated investment performance. Thus, Belay has established a mentoring program that is integral to the hands-on asset management process. Relationship building and mentoring of our operating partners require the close attention of Belay’s most senior professionals. It draws upon the firm’s keen understanding of the objectives of institutional investors as well as experience in all facets of real estate investing, business development, and operations.

  1. (i) Investment Philosophy
    1. Belay is committed to incorporating the following principals into its investment considerations:
      1. We will incorporate ESG considerations into investment analysis and decision-making processes.
      2. We will seek appropriate disclosure on ESG considerations by the entities through which we invest.
      3. We will promote acceptance and implementation of ESG considerations within the investment industry.
  2. (ii) Implementation
    1. Operating partner selection
      1. Relevant ESG sections/questions within our due diligence questionnaire
      2. Belay’s 5 P Operator Assessment will include an ESG Category and Scoring
    2. Asset selection and ESG assessment
      1. Environmental impact assessment goals (LEED certified; LED installation; low flow toilets; etc.)
  3. (iii) Monitoring
    1. Periodic monitoring of ESG performance
      1. Operating Partners’ ESG impact
      2. Property level ESG impact