Cortland Earns Highest 2024 Ratings from GRESB for Environmental Stewardship, Social Responsibility, and Governance Excellence

ATLANTA, GA - Cortland, a vertically integrated, multifamily real estate investment, development, and management company, has earned its highest ever GRESB scores for Environmental, Social, and Governance (ESG) performance. Both Cortland Growth and Income, L.P. (CGI), an open-end, core-plus fund, and Cortland Enhanced Value Fund V, L.P. (CEVF V), a fully invested closed-end, value-add fund, achieved five-star ratings. This recognition by GRESB, a leading ESG benchmarking organization, highlights Cortland’s leadership in sustainable multifamily real estate and commitment to environmental stewardship, social responsibility, and governance excellence.

This year’s GRESB ratings mark a significant improvement over last year’s two-star ratings for Cortland’s two flagship investment funds. For 2024, CEVF V received the highest score amongst 39 U.S. value-add multifamily funds rated by GRESB, and CGI ranked in the 88th percentile amongst U.S. core multifamily funds. These scoring improvements are attributable to Cortland’s progress across GRESB environmental indicators, including energy, water, waste, greenhouse gas, data monitoring and review, and building certifications.

“Sustainability is crucial to our investors, residents, and associates. Earning these ratings underscores our commitment to leading the market in multifamily investment solutions," said Jason Kern, President of Investment Management for Cortland. "In particular, Cortland’s vertically integrated model and multifamily expertise gives us the opportunity to consistently implement sustainability initiatives across a range of activities, including design, construction, investment, and management of the communities in our fund vehicles.”

Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability, social, and governance topics. GRESB data is used by hundreds of capital providers and thousands of asset managers to benchmark investments across portfolios and to better understand the opportunities, risks, and choices that need to be made as the industry transitions to a more sustainable future.