Hersha Hospitality Leveraging its Scale for Social Good
Bennett Thomas, senior vice president for finance and sustainability at Hersha Hospitality Trust (NYSE: HT), participated in a video interview at Nareit’s ESG Forum 2019 at the Hyatt Regency Coconut Point in Bonita Springs, Florida.
Thomas outlined Hersha’s long-standing commitment to environmental and community stewardship— “it’s part of our DNA.”
Hersha’s Earthview sustainability platform has shown “outstanding” results, Thomas said. Those results include a 25 percent reduction in greenhouse gas emissions per occupied room, a 10 percent reduction in water usage, and a 45 percent reduction in waste sent to landfills.
How American Campus Communities Helped Revolutionize Student Housing
American Campus Communities strives to provide a modern, healthy housing environment where students can succeed—especially when a pandemic upends traditional college life.
Remote instruction and other changes to traditional student life due to COVID-19 have made the college experience vastly different this year. While conditions on the nation’s campuses remain unsettled, student housing REIT American Campus Communities, Inc. (NYSE: ACC) believes the current environment underscores the soundness of its business model—providing high quality, modern, healthy housing options that help students succeed.
VICI Sees Pick-up in Demand for Experiential Real Estate Post-COVID
Ed Pitoniak, CEO of VICI Properties (NYSE: VICI), participated in a video interview in conjunction with Nareit’s REITweek: Virtual Investor Conference (held June 2-4).
Pitoniak said that although the pandemic has closed many public spaces, he doesn’t envision customers being any less interested in experiential real estate post-COVID.
“In fact, we see the need and the desire for these experiences potentially being bigger than ever,” he said. “There’s an innate desire among people around the globe…to get out of the house [and] seek the experiences that really bring fulfillment to their lives.”