REITs Stepping Up
to Help in COVID

March 31, 2020

REITs Stepping Up to Help in COVID

One of the Fund’s Key Performance Indicators is Community Engagement. We are pleased to see so many of our portfolio companies proactively helping their communities during the COVID-19 global health crisis. Here are just a few examples:


Equinix, Inc. is extending data services for free to qualifying healthcare, education, research, and government services organizations that are providing public relief or other essential services.

QTS Realty Trust is boosting donations to eleven food banks in local communities in response to increased demand created by the crisis. The REIT has also established a program, in partnership with several leading financial institutions, to assist customers who may be experiencing disruption in their business.


Healthpeak Properties, Inc is supporting COVID-19 medical efforts by providing available space to hospitals and tenants at no charge. Vacant suites are being utilized for screening and isolation, and parking lots are being used for drive-through testing.

Ventas, Inc. has established an April rent deferral program for its senior housing tenants. Ventas estimates that the amount of payments deferred under the terms of this program for April could be in the range of $3-9 million.


AvalonBay Communities, Inc. is assisting its residents by waiving late fees, providing flexible lease renewal options at no rent increase, and creating payment plans for residents unable to pay their rent as a result of the crisis. AvalonBay is adopting new, temporary leave policies for its employees and is providing all regular, full- and part-time employees with up to four weeks of emergency paid leave to use in the event they or their families have been materially impacted by the coronavirus.

Essex Property Trust, Inc. has implemented a wide range of policies to protect and support residents, employees, and protect local jobs. Among those are a halt to evictions for 90 days for residents financially impacted by COVID-19, a 90-day freeze on rent increases for lease renewals, and payment plans and waiving of fees for residents unable to pay rent. Essex is also suspending evictions for 90 days for commercial tenants whose businesses have been financially impacted.


Kimco Realty Corp is working quickly to provide facilities in the communities where the REIT operates. Kimco is fast-tracking the approval of drive-thru testing centers, blood drive locations, and school lunch pick-ups, and several of its centers are already offering these services.

The companies highlighted above are held by the Vert Global Sustainable Real Estate Fund as of March 31, 2020 in following amounts: Equinix , Inc 5.22%, QTS Realty Trust 0.59%, Healthpeak Properties, Inc. 2.05%, Ventas Inc. 1.62%, AvalonBay Communities 3.42%, Essex Property Trust 2.49%, Kimco Realty Corp 0.62%.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to change.

Please refer to the Prospectus for full risk disclosures. All data as of March 31, 2020 and subject to change daily.

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