Morgan Stanley Real Estate Investing

Morgan Stanley Real Estate Investing (“MSREI”) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. As of December 31, 2021, MSREI manages $55 billion of real estate assets worldwide on behalf of its clients.

As part of Morgan Stanley Investment Management (“MSIM”), MSREI shares MSIM’s alignment to ESG by promoting, encouraging and developing solutions that contribute to sustainable development and building operations. MSIM is a signatory to the United Nations Principles for Responsible Investment (“UN PRI”) and has adopted Environmental, Social and Governance (“ESG”) Principles at an organisational level, in keeping with the UN PRI. It is important to MSREI that the environmental footprint of assets is managed in a way that reduces negative impacts while maximizing efficiency and value to their clients and the communities in which it operates.

Created a Sustainability Framework to promote ESG practices across its business

Launched updated Environmental Management System (“EMS”) to incorporate ESG throughout the investment lifecycle (1)

Funds seeking to participate in the Global Sustainability Real Estate Benchmark (“GRESB”), where appropriate

“We are focused on minimizing the environmental impact whilst enhancing the financial performance of our assets. We recognize that the Real Estate sector has an important role to play in climate change mitigation and adaptation, and we are excited to collaborate with fellow members to progress sustainable practices within the sector.” Mona Benisi, Head of Sustainability for Global Real Assets, Morgan Stanley

(1) This page includes certain information on the sustainability practices and track record of Morgan Stanley, MSIM and MSREI at an organisational and investment team level, which may not necessarily be reflected in the portfolio or practices of a particular fund. Please refer to the offering documents of any fund prior to investment for details on how, and the extent to which, the relevant fund takes sustainability considerations into account on a binding or non-binding basis.