Ethics, Integrity, and Responsibility
are at the heart of our businessWe Strive to Create
a Sustainable and
Positive Legacy
Guided by our commitment to our employees, tenants, and the environment, we have proactively developed a robust ESG policy that aligns with industry best practices.
Our journey to document our practice in ESG has been driven by our objective to incorporate environmental, social, and governance principles into our business operations and processes to ensure that we leave a more sustainable and positive footprint.
Environmental Practices
Our strong emphasis on sustainable practices in both energy utilization and water conservation forms the foundation of our environmental commitment and leads to low energy consumption in construction. We strive to consider these initiatives in all projects, but they will be project-specific.
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Reduced energy consumption and carbon emissions
High-efficiency LED lighting
85% reduction in energy usage
Installation of Energy Star appliances
40% less energy used than non-certified models
Design innovations for AC condensers
Improved efficiency and lifespan of HVAC systems
Upgrading water loops to all-variable-speed water pumps
70%-90% energy efficiency improvement, equivalent to ~100K kilowatts of annual savings in a 20-story building
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Sustainable water management
Low-flow faucets and shower heads
Significant reduction in water consumption
Biannual preventative maintenance inspections
Proactive checks and repair of toilet leaks
Saline-based swimming pool sanitization system
Avoids wasteful water discharge, reduces costs and pool cleaning time by 1-2 hours/day, and cuts monthly chemical use by >50%
Social Practices
We are deeply committed to upholding socially responsible practices that positively impact both our tenants and employees.
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Practices that impact tenants
Class A/B housing at Class B or lower rents.
Affordable luxury living
Regular staff training on Fair Housing policies and the "RUME way"
Creating an inclusive, respectful, and safe living environment
Providing information on financial assistance programs, if needed
Hardship assistance during Covid-19
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Practices that impact employees
Vendor-conducted annual safety inspections and emergency preparedness training
Workplace safety awareness
Celebrating DEI through monthly newsletters, company-wide meetings, and core value staff awards
An environment where everyone is valued and respected
Diversity in hiring, promotions, and retention
43% of staff identify as female and 62% identify as minorities
Our average hourly wage is $28, nearly 300% higher than federal minimum wage
Non-discrimination and fair wage compliance
Extensive property management and people management training and an emphasis on mental health, leadership, and personal growth
A team empowered by a plethora of professional development opportunities
Governance Practices
We practice quality governance grounded in ethics and risk management, and strive to create a culture of integrity and accountability. Our commitment to ethical governance is reflected in our daily operations and decision-making processes.
Actively promote diversity within the leadership team
66% identify as female and 33% as minorities
Regular risk assessments, security testing, systems monitoring, and training and awareness programs
Enhanced data governance and cybersecurity practices
Accurate financial reporting and bribery risk reduction procedures
Ethical business practices
Regular tenant communication, monthly financial reporting to investors, periodic newsletters, and prompt disclosure of conflicts of interest
Enhanced transparency and accountability
Biannual preventative property maintenance inspection programs, tenant screening, pet screening, insurance coverage, contingency planning, and investment diversification
Effective risk management practices
Partner with third party service providers like O'Halloran Ryan PLLC, Anchin, Baker Tilly, ADP, Alterdomus, IQEQ, Gozdecki, Del Giudice, Americus & Brocato LLP
Legal and regulatory compliance
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