InvenTrust Adapts Sustainability Platform

Neil Soskin says InvenTrust is going about its sustainability goals with “urgency but not wantonly.”

CHICAGO—Neil Soskin hesitates to say it, knowing the goal is an aggressive one.  “But it’s down on paper,” he tells GlobeSt.com, “so . . . .”  And then the SVP of portfolio management for retail REIT InvenTrust Properties Corp. reveals the plan: To reduce portfolio energy use by 20% by 2020.

“That’s the flag we’ve planted in the sand,” he adds, “and the implementation of the GRESB system allows us to start measuring that.” GRESB, of course, is the Global Real Estate Sustainability Benchmark, the independent standard of portfolios’ sustainability progress and, according to its own website, it represents some “850 property companies and funds, jointly representing more than USD $3.7 trillion in assets under management.”