Make an impact.
Marcus Partners believes that the ethical and responsible consideration of environmental, social, and governance factors is imperative for the long-term success of our firm and its investments.
This belief has been a central tenet of our business since the firm was founded. We are proud of our accomplishments in this arena to date and seek to continually improve upon existing practices.
Our ethical framework leads us to adhere to a number of ESG-related guidelines in the course of our investment, development, and management efforts. We seek to implement these guidelines through a variety of activities that we have accomplished, which include but are not limited to those outlined here.
Environment.
Consider and apply sustainable practices that enhance property value.
> Installed largest rooftop solar array within the Solar Massachusetts Renewable Target (“SMART”) program
> Current portfolio includes more than 1.5M square feet of LEED Certified assets and 1M square feet of solar roofs
> Promote energy conservation through diverse operational improvements, including green lease clauses
> Continually elevating sustainability efforts at our ground-up projects, including a 100% electric multifamily project in Metro Boston
Social & DEI.
Promote health, well-being, and equitable outcomes.
> Partnerships with organizations that broaden opportunities for underrepresented groups
> Internship program with a focus on increasing opportunities for underrepresented groups in the commercial real estate industry
> Numerous philanthropic / volunteer initiatives
> Annual MPCares program provides all team members supplemental funds to donate to nonprofit or family-in-need of their choosing
Governance.
Uphold high standards of accountability & transparency, honoring fiduciary responsibility above all.
> Operating firm-level Executive Advisory Committee to provide insights and expertise on operations, evolution, and strategic matters
> Firm’s partnership structure provides long-term succession planning framework and business continuity for decades to come
> Robust internal compliance framework
> Ongoing cybersecurity education and investments
> Engage high-quality third-party auditors, accountants, and legal counsel
We have the opportunity to leverage our investments to create a new generation of real estate.
Innes Apartments: Creating Housing for All
Like many public housing developments, Innes was constructed in the 1950s and suffered from decades of delayed modernization. The capital resources necessary to update the public housing development far exceed the limited public funds available to bring it up to current standards. A first of its kind public-private partnership was formed in recognition that residents deserve safer, more accessible, and updated homes. The eight deteriorating Innes apartment buildings have been demolished as part of this redevelopment to make way for a new 300,000 SF, state of the art community that will open in 2024. The newly reconstructed Innes Apartments will provide new homes for the current residents of 96 units of public housing at the site, an additional 40 units of new middle-income opportunities for new families and 194 market rate apartments. We saw an opportunity to contribute to addressing the current housing crisis in the Commonwealth of Massachusetts and participate in a public-private partnership that will hopefully serve as an example for future efforts. This project represents a commitment to preserve and improve existing affordable housing, while creating additional workforce and market-rate housing in a transit-oriented, mixed-income development.
14 South Hunt Road: Stewardship
14 South Hunt Road is a fully leased, 432,000 SF industrial manufacturing build-to-suit in Metro Boston that will be fully operational in early 2025. The facility is being designed to support the user’s goal of being Net Zero by 2030, with the electrification of processes and equipment, implementing considerable energy efficiency measures, and obtaining electricity from renewable energy sources. Additionally, the new facility provides the opportunity for the user to stay in the community that they have operated in for so many years. Through our community engagement efforts, we created a scholarship program to foster the next generation of leaders in STEM fields, HVAC, and sustainability.
Foundry at Drydock: Community First
Through our community engagement for Foundry at Drydock, a 262,000 SF life science project in Boston’s Seaport, we announced a significant commitment to help fund the Boston area and greater New England expansion of the nonprofit BioBus. Aboard BioBus mobile laboratories and in community labs, K-12 and college students who have traditionally been underrepresented in the scientific community work alongside scientists on hands-on experiments and kick-off a lifetime of science engagement. While the sciences are a significant contributor to the Commonwealth of Massachusetts economy, our aim is to help ensure all kids, particularly those from underrepresented groups, are exposed to STEM careers and opportunities.
