JLL Income Property Trust (NASDAQ: ZIPTMX) in February announced that it has, through the International WELL Building Institute (IWBI), earned the WELL Health-Safety rating for 20 properties within its broadly diversified portfolio of commercial real estate investments.
The WELL Health-Safety rating is an evidence-based, third-party verified rating focusing on operational policies, maintenance protocols, effective communication and engagement, and emergency plans to address a post-COVID-19 environment, now and into the future.
"We are committed to making a positive impact on the communities in which we invest. We're proud to have earned WELL Health-Safety ratings at a number of our office properties and apartment communities," said Allan Swaringen, president and CEO of JLL Income Property Trust. "These ratings provide third-party validation of our commitment to making the spaces our tenants live and work in a healthier, safer place, which is paramount in today's environment. While health and safety is always a priority, our tenants can now feel confident that industry-leading measures are being taken to keep them healthy."
Per IWBI, "The WELL Health-Safety Rating provides a centralized source and governing body to validate efforts made by owners and operators. It leverages insights drawn from the IWBI Task Force on COVID-19, in addition to guidance on the spread of COVID-19 and other respiratory infections developed by the World Health Organization, U.S. Centers for Disease Control and Prevention, global disease control and prevention centers and emergency management agencies.
The process also incorporates recognized standard-making associations such as ASTM International and ASHRAE, and leading academic and research institutions, as well as core principles already established by IWBI's WELL Building Standard, billed as "the premier framework for advancing health in buildings and spaces of all kinds."
Jessica Cooper, chief commercial officer of IWBI, commented: "LaSalle is a global leader in real estate assets. In achieving the WELL Health-Safety Rating for multiple office and residential properties across North America, LaSalle is showcasing leadership to scale the impact of health and well-being where people spend most of their time. IWBI congratulates LaSalle for achieving the rating and extending health benefits across the U.S. and Canada."
JLL Income Property Trust is an institutionally managed, daily NAV REIT with more than $5.9 billion in portfolio assets that manages a diverse field of commercial real estate investments. The WELL Health-Safety Ratings further JLL Income Property Trust's already robust ESG program. The company notes it is the first Daily NAV REIT to receive a Global Real Estate Sustainability Benchmark (GRESB) rating, in which it has earned three stars each of the prior three years. JLL Income Property Trust also earned a perfect management score during its 2021 GRESB evaluation.
Notably, in 2021 The Penfield, a Class A, 254-unit apartment community in St. Paul, Minnesota, was recognized as part of the "Best in Building Health" awards administered by the Center for Active Design's Fitwel program.For more news, projects, and profiles in the smart buildings ecosystem, subscribe to the SBT newsletter and follow us on LinkedIn, Twitter, and Facebook.