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$3.3 billion were allocated toward green bonds, $874 million in social bonds and $971 million in sustainability bonds.
Crescent's BFR initial strategy centers around Atlanta, Charlotte, Charleston, and Raleigh.
The funds will help live venues, museums, movie theaters, and restaurants regain their footing following a devastating 2020.
Sale listings increased and the average asking price per square foot rose 5.6% from Q4 2020.
The move is the latest in a string of bold office shifts by top global companies who are rethinking their occupancy strategies post-COVID.
Sustainability-linked bonds and loans are growing in popularity as they link financing terms to investor-favored ESG targets.
Many lenders are still delaying hard decisions.
Have predictions of an overvalued sector come to pass?
"We expect the housing supply shortage to continue to be one of the largest obstacles to inclusive economic growth in the US."
The single-family rental home market is estimated to be valued at around $3.4 trillion.