In evaluating potential transactions, we utilize our due diligence processes to assess the degree to which our potential counterparties have integrated environmental sustainability and social responsibility into their operations and management practices in light of their role as long-term stewards of our real estate assets.

In evaluating the real estate underlying a potential acquisition, we obtain customary due diligence reports, sustainability reports, and climate change risk assessments to evaluate risks related to environmental performance and potential environmental exposure or liability, regulatory, and zoning-related risks, as well as the long-term impact of climate change.

Led by members of our Corporate Responsibility Committee, our Finance and Business Development teams are exploring methods to further expand our existing due diligence and underwriting procedures to broaden the scope of community and demographic understanding in advance of an acquisition or investment. Through this effort, we are seeking to better understand the community impact and engagement opportunities presented through a potential transaction.

Last updated: September 8, 2025