Responsible Investments at GID

Footnotes

1. GID pays a fee to submit individual investment vehicles to GRESB. Annual rankings are shown in ascending order ending in 2025. GRESB rankings are for the 2025 results. These results were provided by GRESB on October 1, 2025. The data included in these results includes the period from January 1, 2023, through December 31, 2024. Details on the real estate assessment and scoring can be found here.

   The GRESB Star rating is based on the vehicle’s GRESB score (out of 100) and its quintile position relative to all participants in the GRESB Assessment. Top quintile results earn a GRESB 5 Star rating, and bottom quintile results earn a GRESB 1 Star rating.

   • All multifamily portfolios (Joint Venture I ($14B multifamily portfolio), Joint Venture II ($3.4B multifamily portfolio), and Open-End Vehicle I ($3.8B open-end multifamily vehicle)) are in the GRESB peer group: United States, Non-Listed, Residential: Multi-Family, Core. 41 total entities.
   • Colony Commerce Center ($760M industrial portfolio) and Industrial Joint Venture I ($810M industrial portfolio) are in the GRESB peer group: United States, Non-Listed, Industrial: Distribution Warehouse: Non-Refrigerated Warehouse, Core. 30 total entities.
   • Evergreen ($1.5B industrial portfolio) is in the GRESB peer group: United States, Non-Listed, Industrial, Value-added. 19 total entities.

   GID provides asset management services to Evergreen and Colony Commerce Center. However, these assets are owned by La Caisse, and GID maintains no equity investment in these properties.

   Values included represent year-end 2025 (12/31/2025) and are reported to GRESB. ↩ ↩

2. Energy use reduction is measured using energy use intensity and pertains to multifamily assets in Joint Ventures I and II, excluding assets under construction. ↩
3. Greenhouse gas (GHG) emissions reduction is measured using GHG emissions intensity and pertains to multifamily assets in Joint Ventures I and II, excluding assets under construction. ↩
4. The waste-diversion rate is a measurement of total waste diverted from landfill by either recycling or composting and is expressed as a percentage of total waste disposed. Unlike our other metrics, waste diversion is reported as an absolute figure and is not a function of portfolio size. ↩
5. GID does not pay a fee to Green Lease Leaders, which is administered by the Institute for Market Transformation and the U.S. Department of Energy. The Green Lease Leaders Award was achieved for our multifamily portfolio in 2025 and for our industrial portfolio in 2024, and each award is valid for a three-year period. ↩ ↩
6. GID does not pay a fee for Healthcare of Ontario Pension Plan’s (HOOPP) LEAP Sustainability Awards; the award is only open to partners of HOOPP. The Technology and Innovation Award was earned in 2025 and is valid for one year. ↩ ↩
7. Winners of the 2025 Multi-Housing News (MHN) Excellence Awards are selected by an independent panel of judges based on self-reported data from all nominees for year-end 2024 and year-end 2025. GID-Windsor Property Management Company paid an entry fee to MHN. More information on the MHN Excellence Awards is provided here. GID-Windsor Property Management Company is not affiliated with MHN. ↩ ↩
8. Assets under management (AUM) is calculated in compliance with the definition for AUM prescribed in the European Association for Investors in Non-Listed Real Estate Vehicles’ (INREV) Global Definitions Database and includes the market value of real estate as well as non-real estate assets (including any cash in the vehicle or mandate) and committed but uncalled capital for which GID provides oversight and investment management services (for internal client capital and third-party capital) in the funds as well as “Other GID Accounts” (as defined below) and accounts for which GID provides asset management services without an equity investment. Other GID Accounts include proprietary accounts and co-investment joint ventures with unaffiliated investors, where the latter maintain significant approval rights over the management of these investments. Such investment vehicles are not considered “securities portfolios” or “private funds” for purposes of the Advisers Act and are not included in the regulatory AUM reported in Form ADV Part 1A or Part 2A. As of December 31, 2025, the firm’s regulatory assets under management totaled $5.8 billion. ↩
9. NAV represents GID and affiliates’ invested capital as both GP and LP but excludes GID wholly owned investments and employee feeder funds. ↩
10. As of December 31, 2025, GID’s regulated vehicles comprise 12,171 multifamily units. ↩
11. As of December 31, 2025, GID’s regulated vehicles comprise 4.7 million square feet of industrial space. ↩
12. Includes GID and its wholly owned property management company, Windsor Property Management Company. As of December 31, 2025, GID has 124 supervised employees. ↩
13. As of December 31, 2025, GID’s regulated vehicles operate in 29 markets. ↩
14. GID and Windsor Property Management Company are not affiliated with any certification-awarding bodies or organizations. GID pays prerequisite administration fees to cover application, review, and certification expenses. ↩ ↩
15. Data represents current building certifications for sustainability from across GID’s multifamily and industrial properties. ↩
16. GID does pay a fee as an IREM Member Organization and for IREM CSP certification review. However, no fee was paid for consideration in the Resource Efficiency category of the Jackson Control Sustainability Awards. More information on the awards can be found here. ↩
17. National Multifamily Housing Council (NMHC) is a nonprofit organization that advocates for certain policies and standards in the apartment industry. Rankings are from the NMHC 2025 list published on its website based on 2025 data. Owners. Managers. ↩ ↩
18. The Grace Hill Excellence Award ranking is based on data from January 2025 to December 2025. Windsor Property Management Company pays a service fee to Grace Hill for its ongoing survey program. GID-Windsor Property Management Company is not affiliated with Grace Hill or its affiliates. More information on Grace Hill and the Kingsley Index is located here. ↩ ↩
19. Grace Hill, a national surveying system that measures resident, employee, and client experience, ranked Windsor Property Management Company as winner of the Grace Hill Excellence Awards Elite 5. This award was given by Grace Hill to Windsor Property Management Company for exceeding the Kingsley Index in resident satisfaction. Windsor Property Management Company pays Grace Hill a fee to survey prospects and residents. More information on the Grace Hill Excellence Awards Elite 5 can be found here. ↩
20. Windsor Property Management Company pays a service fee to the Online Reputation Assessment (ORA). The score has been developed by J Turner Research and is the multifamily industry standard for measuring and benchmarking a property’s online reputation. GID-Windsor Property Management Company is not affiliated with J Turner. Ranking as of 2025. More information on the ORA survey is provided here. ↩
21. Winners of the 2025 National Apartment Association (NAA) Excellence Awards are selected by an independent panel of judges based on self-reported data from all nominees for year-end 2024. GID-Windsor Property Management Company is a member of the NAA and paid an entry fee for this award. More information on the NAA Excellence Awards is provided here. ↩
22. Winners of the 2025 Multifamily Executive Magazine (MFE) Awards are selected by an independent panel of judges based on self-reported data from all nominees. GID-Windsor Property Management Company paid an entry fee to MFE. More information on the MFE Awards is provided here. GID-Windsor Property Management Company is not affiliated with MFE. ↩