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Housing REITs Launch ESG Innovation-Focused Fund

Essex, UDR combine efforts through RET Ventures to drive sustainability, financial returns.

By Paul Bergeron | April 25, 2022 at 11:01 AM

Multifamily REITs Essex Property Trust and UDR have announced the first closing of a new fund focused on ESG to be managed by RET Ventures 

With $80 million of investor capital commitments, the fund will seek to support ESG solutions for the housing industry, including technologies that improve both the environmental and social outcomes of new developments and existing properties.

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