DR1.1: Composition of the Entity’s Development Projects Portfolio During the Reporting Year

Intent

Portfolio composition information determines the scope of the Development Component, and forms the base for GRESB peer groups. GRESB asims to benchmark participants against similar property types. If that is not possible, property types are aggregated into groups of property types (property sectors).

Requirements

The indicator below is automatically populated by GRESB based on information provided through the reporting entity’s GRESB Asset Portal. Participants can access the Asset Portal via the Assessment Portal menu, section ASSETS.

Note: The table above defines the scope of your 2020 GRESB submission on development projects. It should include new construction and major renovations projects that are in progress at the end of reporting year, as well as projects that are completed during the reporting year. The reporting scope reported above should exclude vacant land, cash or other non real estate assets owned by the entity.

*% GAV represented as the share of the development projects within the entire development portfolio (including both new construction and major renovations)

• Upload file or URL____________

  Indicate where in the evidence the relevant information can be found____

  Provide additional context on how the uploaded evidence supports the entity’s reporting boundaries and portfolio composition (maximum 250 words)

  ________________________

Entities reporting to GRESB are expected to represent the full investable vehicle and thereby must include all direct real estate assets held by the vehicle (i.e., the whole portfolio) at any time during the reporting year, including both completed and ongoing development assets. Note that this also includes assets that are not under the direct development control of the entity and/or assets that are owned under a joint venture.

Refer to section Reporting Scope and Boundaries of this document for guidance on joint ventures.

Participants are required to corroborate information in the table through the upload of supporting evidence in an explicit way, to avoid confusion and room for interpretation. It should be clear from the uploaded document how the table is reconciled with the supporting evidence. Use the open text box to communicate all relevant information necessary to understand the reconciliation. If applicable, specify and clarify any inconsistencies and potential differences between uploaded documents and values displayed in DR1.1.

Note that all fields in DR1.1 (except % of GAV as it remains optional at the asset level) will be automatically populated once the GRESB Asset Spreadsheet is completed and uploaded to the Asset

Evidence: Document upload is mandatory for this indicator, but is used for reporting purposes only. The evidence should sufficiently support each of the values except “% GAV” reported in DR1.1, namely:

• Property Types represented in the portfolio;
• Numbers of assets per Property Type;
• Floor Area per Property Type.

Evidence examples can include, but are not limited to:

• Full audited financial statements with reference to balance-sheet and relevant notes breaking down the entity’s portfolio characteristics;
• Section in entity reporting to investors;
• Audit statements confirming the composition of the portfolio during the reporting year, including acquisitions and dispositions;
• Signed statement from CEO or Senior Management confirming that the portfolio composition reported above is truthful, accurate and complete and it represents the entire portfolio during the reporting year;
• 10K filings.

Multiple documents can be uploaded. For each evidence uploaded, make sure to clearly indicate where (page number, paragraph) the relevant information can be found.

© Copyright 2020 GBCI. All Rights Reserved.