Gerding Edlen Green Cities II

Green Cities II is the second fund for Gerding Edlen, a full service real estate investment, development and asset management firm founded in 1996. Gerding Edlen is a pioneer in sustainable development and is the leading, private sector developer of green buildings as certified by LEED standards with over 51 certified or registered projects.

The Green Cities II continues the value-added / opportunisitic real estate strategy developed in Fund I, and will focus on developing and retrofitting apartments or office in certain targeted high-growth urban markets. The fund will seek risk-adjusted returns while promoting energy, water and waste efficient green buildings.

Financial description

Gerding Edlen also believes that the market will continue to favor green or LEED Certified real estate driven by both tenant and investor demand. Currently, market demand for green buildings is already beginning to show superior market performance. Perhaps even more so than tenants, property investors are noticing the market move toward green buildings and are even demonstrating a willingness to pay a premium for such properties. In addition to increased tenant demand, owners are procuring green buildings to mitigate the many risks associated with energy-price volatility and increased state and local government regulation, as well as operating savings associated with the new environmental technologies. Gerding Edlen believes this opportunity is only strengthened by the limited supply of green apartment buildings in the marketplace. Gerding Edlen’s deep expertise in sustainable development and re-development provides a key advantage to developing, retrofitting and positioning apartment and office properties in the marketplace.