Essex Property Trust and UDR, Inc. are Lead Investors in ESG Innovation-Focused "Housing Impact Fund" Launched by RET Ventures
The fund will focus on improving the environmental and social impact of residential properties
Industry-leading multifamily REITs Essex Property Trust ("Essex") and UDR, Inc. ("UDR") today announced the first closing of a new Environmental, Social, and Governance ("ESG") focused investment fund, RET Ventures ESG Fund, L.P. ("the Housing Impact Fund") to be managed by RET Ventures ("RET"), a venture capital firm focused on technologies for the multifamily, single-family and broader real estate asset classes. The investment vehicle, which will target $80 million of investor capital commitments, will seek to support the growth and successful implementation of ESG solutions for the housing ind
