Stoneweg U.S., LLC (“Stoneweg US”), a leading asset manager for multifamily real estate, is proud to report that the portfolio it manages for Varia US Properties AG’s, a Swiss publicly traded multifamily real estate company (“Varia US”), scored 87 points and 4 stars according to the last 2024 GRESB results publication.
The portfolio managed by Stoneweg US ranked 3rd in the “US Listed Multifamily” category, improving from 4th in 2023 and 8th in 2022. Stoneweg US’ commitment to sustainable asset management has played a significant role in elevating Varia US’ GRESB performance, driving a substantial year-over-year improvement in several key areas of the portfolio’s overall score.
“Our firm’s performance for Varia US in sustainable asset management within the multifamily sector is a testament to our unwavering commitment to long-term value,” said Patrick Richard, CEO of Stoneweg US. “We are dedicated to integrating sustainability into every facet of our operations, from responsible development to optimizing asset performance. By prioritizing both environmental stewardship and financial returns, we aim to deliver exceptional value to residents and investors alike while shaping a more sustainable future for the communities we serve.”
For the second time in a row, Varia US 2024 GRESB outperformed the peer average (2024: 81/100, 2023: 79/100).
Guided by Stoneweg US, Varia US has made notable year-on-year progress in key areas, including risk assessment and asset-level data for greenhouse gas emissions, water consumption and waste production and diversion. Improved like-for-like landlord-controlled energy performance by 4.5%, reduced Scope 1 & 2 GHG emissions by 4%, and achieved ENERGY STAR Performance Certification for 60% of the portfolio, significantly outperforming benchmarks and demonstrating the company’s leadership in energy efficiency and sustainability.
The firm also saw significant scoring improvements in key areas such as risk assessment and asset-level data related to greenhouse gas emissions, water consumption, and waste reduction. In 2023, Stoneweg US, representing Varia US, produced 27 MWh of renewable energy—triple the amount from the previous year—through investments in onsite renewable energy generation. The company continues to prioritize decarbonization and increase asset value through such sustainability initiatives.
Ongoing Commitment to Achieving ESG Targets
In addition to these notable rankings, Stoneweg US has made considerable progress in specific sustainability efforts on behalf of Varia US. The company has steadily increased its portfolio of sustainable building certifications, engaging site staff, asset management, and residents to ensure these certifications deliver value to the assets.
In partnership with Stoneweg US, Varia US has set ambitious portfolio ESG improvement targets including a 20% reduction in energy consumption and water usage (intensity-based) by 2033, and a 50% reduction in greenhouse gas emissions, all using 2023 as the baseline year. Varia US has aligned with the Science Based Target Initiative, aiming for net zero emissions by 2050.
Thomas Stanchak, managing director of sustainability at Stoneweg US, commented, “We are proud to have played a pivotal role in advancing Varia US’ sustainability efforts, reflected in our significant year-over-year GRESB improvements. Our ongoing focus on renewable energy, resource efficiency, and emissions reduction is driving real progress. Stoneweg US remains committed to achieving these goals while creating value for both residents and investors and reinforcing our leadership in sustainable multifamily real estate.”
The 2024 GRESB results underscore Stoneweg US’ continued leadership in sustainable asset management and commitment to long-term responsible investing.
Stoneweg US is a multifamily real estate investment firm located in the heart of downtown St. Petersburg, FL, with a portfolio valuation of approximately $2 billion comprised of ~11,000 units. Focusing on asset optimization through sustainability, climate resilience, and proven value-add strategies, the company invests in and develops sustainable communities to drive healthy returns and enhance the resident experience.
