Gresb Announces Majority Investment from General Atlantic'S Beyondnetzero Fund to ...


credit:

It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion.

The New York Times reports on GRESB's sale to General Atlantic, which will acquire a majority stake in the company.

GRESB, which is based in New York City and Amsterdam, provides standards and benchmarks for sustainable real estate, and its CEO says the deal will allow the firm to "support the next phase of growth through strategic expansion and product innovation."

The Times notes that real estate is one of the biggest sources of greenhouse gas emissions, and GRESB says its research has shown that carbon emissions from real estate contribute to about 40% of global greenhouse emissions.

"With buildings and real estate accounting for 40% of global greenhouse emissions, data is key to unlocking the opportunity to deliver net-zero, resilient assets," General Atlantic's managing director says in a statement.

GRESB will continue to operate as an independent not-for-profit, and its CEO says the firm plans to "reinvest into the company and continue its ongoing work driving GRESB's growth and impact."

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Ucla Nurse'S Invention May Save Millions of Work Hours

When Veronica Pellegrino was a nurse on an orthopedic unit at UCLA Santa Monica Medical Center, she spent her days opening up to 100 to 150 medication packets per shift "constantly using that...more

Philips Highlights Clinical Evidence at Hrs 2024

Royal Philips Electronics has a new heart-monitoring device on the market that's designed to help doctors spot early signs of a potentially deadly heart attack, stroke, or heart failureand it's all...more

Precision Health Program Grad Motivated by Opportunity to Elevate Patient Voice

"I fell in love with patient safety and quality improvement and since then continued to pursue that path." That's how Consuelo (Coty) Ong describes her path to a master's degree in precision...more

Locus Partners with Children'S Nebraska to Support Virtual Care on Enterprise-Wide Pediatric ...

"Not only does it make fiscal sense, but it's simply better patient care to allow the caregiver and child to remain in a comfortable environment' where they can safely be monitored from home,'" Greg...more

Momentus Capital Closes $171 Million Equitable Prosperity Fund
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Kresge Foundation

Stephen Stephens' father died of cancer when he was 53, and his message to young people has stayed with him. "Always do the right thing son," he tells Fast Company. "That message has always...more

6 Things to Know When Building an Authentic Green Brand

When it comes to sustainability, Entrepreneur says, "it takes more than just lip service." That's because it takes a "thorough commitment to evaluate every aspect of your operation to develop...more

Who Serves Humanity &Amp; Strives to Make the World a Better Place?
Foundation: Indianapolis Foundation

Lynne Arriale's new album, Being Human, is all about "people who exemplify Passion, courage, love, curiosity, and other human qualities," the Florida pianist tells Rita Kohn of the Indianapolis...more

Unoma Okorafor, Co-Founder, Fairview Data Technologies

When Unoma Okorafor started working on her master's degree in computer science at the African University of Science and Technology in Abuja, Nigeria, in the mid-'90s, she had no idea she'd end up in...more

As Some Question Higher Ed'S Value, Colleges Work To Fix The 'Time Trap'

"Time-trap thinking seems logical," writes Lori Carrell in the Los Angeles Times, "but it's short-sighted: Degrees mean real earning power and career growth, and many students do work during...more

As Melinda French Gates Leaves the Gates Foundation, Many Hope She'Ll ...
Foundation: Gates Foundation

Melinda French Gates is stepping down as co-chair of the Bill & Melinda Gates Foundation, which she founded with her ex-husband Bill Gates more than 20 years ago. As part of an agreement made...more





UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.



Federal Government Grant and Assistance Programs


Centers for Independent Living, Recovery Act. | Advanced Technology Program | Native American Housing Block Grants (Formula) Recovery Act Funded | Rivers, Trails and Conservation Assistance | James Madison Memorial Fellowship Program | Recovery Act CORRECTIONAL FACILITIES ON TRIBAL LANDS | Pacific Fisheries Data Program | Environmental Policy and Innovation Grants | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders