How Affordable Housing Is Joining the ESG Race

Affordable housing investor Kairos Investment Management Company is advancing its ESG initiatives in 2022. The firm has increased attention to reducing its carbon footprint and providing resident services to its low-income tenants. The two—which together make up the environmental and social elements of ESG, are equally important to the company’s capital partners and residents, according to Jonathan Needell, president and chief investment officer of Kairos Investment Management Company.

“Over the last several years, stakeholders in the sector have become increasingly aware of their carbon footprint, particularly when looking at older buildings with water and electrical systems in multifamily properties,” Needell tells GlobeSt.com. “Through our value-add strategy, KIMC continues to look for assets that can benefit from capital and operational improvements helping to decrease waste, pollution, and energy use.”