Economic Performance
We are triple bottom line-driven and have achieved superior returns on investments that are equally beneficial for people and the environment. As an investment manager, we prioritize the best long-term interests of our investors, employees, residents and communities. In this regard, we believe that ESG issues affect the performance of investment portfolios across asset classes, sectors and regions. Responsible investing guides our decisions throughout our operating framework and permeates all aspects of our business.
Environmental Conservation
High-performing assets contribute to a strong bottom-line as well as our environmental objectives to reduce our energy use, water consumption, waste generation and greenhouse gas emissions. From design through construction, we work diligently to reduce waste of materials and precious environmental resources. Our net zero by 2050 target demonstrates our commitment to taking part in the global effort to stabilize Earth’s climate and serve as a responsible environmental steward for future generations.
Social Contribution
Supporting our tenants and community members is a vital part of our mission. From people-centric design through property management and operations, our goal is tenant satisfaction within an integrated community environment that provides all residents with an opportunity to lead productive, healthy lives. Our community engagement programs and partnerships with forward-thinking civic and industry groups help to address challenges of housing affordability, education, sustainability and responsible development.
Governance Excellence
We strive to lead on ESG matters with our managers, employees, vendors and other stakeholders to promote principals of responsible investing and corporate stewardship. This is an integral part of how we do business, and we seek to influence others by socializing and engaging the key governance issues involved in our projects and in our communities. We value transparent reporting to our limited partners and other stakeholders about Alta Bay’s ESG objectives, goals and performance.
Our vision
“Alta Bay was founded on the belief that housing should do more than meet minimum standards or simply provide shelter. As a hospitality-inspired multifamily platform, we create high-quality, design-forward communities that serve low-income and workforce residents with the same care, intention, and service typically reserved for market-rate housing and luxury hotels. We believe the resident experience is not a cost center or add-on, it is the foundation for connection, stability, and stronger communities.”
– Jereme Thaxton, Founder and CEO
OUR APPROACH
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We are passionate about creating vibrant, sustainable communities that improve the lives of our residents and the neighborhoods in which they live. As the nationwide affordable housing crisis deepens across the country, we are constantly searching for innovative solutions for providing high-quality affordable and workforce housing to those who need it most. Our design-forward approach aims to be both cost-effective while providing exceptional returns for our investors. We are actively engaged in professional industry associations to constantly learn and share insights about how we can collectively solve the challenges related to housing, sustainability and responsible development.
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As a vertically-integrated, private equity real estate firm, we factor ESG principals into decisions on investment opportunities that apply throughout the lifecycle of the assets in our portfolio. This includes striving to obtain relevant market data and industry insights to inform our investment analysis from the time of sourcing through the acquisition, planning, delivery, operation and disposition stages. This process governs both investment theses and operational planning across our companies, helping us to holistically manage risk and drive accretive value to our investments.
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At Alta Bay Capital, ESG is fundamental to who we are. Our approach begins with adherence to our mission, vision and values. ESG principles are discussed by our investment team as each new investment opportunity is identified. Together, our managers evaluate each deal, its risks, and opportunities, while addressing ESG factors throughout each stage of the investment process. Our legal experts, advisors and leadership team review each proposal to ensure it stands up to scrutiny. After an investment opportunity is approved, it is continually monitored by the management team and operational plans are put in place to manage risk throughout the life of the asset. ESG integration and compliance is continually reviewed by Alta Bay’s leadership.
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We strive to lead on ESG matters with our managers, employees, vendors and other stakeholders to promote principals of responsible investing and corporate stewardship. This is an integral part of how we do business; we seek to influence others by socializing and engaging on ESG issues on our projects and in our communities.
OUR APPROACH:
Investing – Transparency in reports with our limited partners and other stakeholders about Alta Bay’s ESG objectives, goals and performance.
Construction – Designing and building our properties with approaches that reduce waste through sustainable methods.
Community Engagement – Actively engaging in civic and industry groups through board positions and volunteering efforts to help solve challenges related to housing affordability, sustainability and responsible development.
Property Management – Monitoring customers satisfaction and providing an environment where tenants can live comfortably and affordably.