The Michelson Organization

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Corporate Responsibility

Michelson operates within a framework of policies, procedures, principles and practices to ensure that all its affiliates embrace corporate responsibility, accountability, fairness, and transparency in their stakeholder relationships.

ESG issues are an important part of Michelson’s investment analysis and due diligence processes, including a robust and rigorous underwriting regimen, risk management evaluation, and approval processes. We assess our investments for climate-related risks and anti-money laundering concerns.

We require background checks on our partners and residents, and any potential conflicts of interest are identified and vetted. Additionally, we undertake a regulatory review to ensure every property will comply with all local and national laws, including sustainability standards.

We provide accurate and relevant information to our stakeholders about our products and services and deal promptly, respectfully, and appropriately with client requests and concerns. We avoid, mitigate and/or disclose potential, actual, and apparent conflicts of interest.

Environmental

As stewards of the environment in and around our assets, we understand that we have an obligation to educate and inform our stakeholders. To that end, we engage our tenants, business partners, and service providers in initiatives to reduce resource use and waste, as well as improve environmental quality. We have developed standard operations, which help our acquisition, regional, district and property managers to identify opportunities to cut costs, address human health and improve efficiencies by “greening" operations. We share these annually to our asset management teams and offer them to all our property managers for use and implementation as appropriate. We advocate the use of materials, products, construction methods and operating practices that:
  • Consider impacts on human health and safety
  • Diminish the quantity of resources used and waste generated over the life-cycle of the property, including through the use of sustainable and recycled materials and renewable energy
  • Protect the habitat and the environment, and preserve biodiversity
  • Avoid toxic substances and emissions.
We will continue to benchmark and improve the energy and water consumption of our properties; identify investment candidates whose environmental performance can be quickly and economically improved; and engage with thought leaders in the field of sustainability so that we can capitalize on opportunities to make our portfolios greener and increase value for our investors.

Social

Within our real estate equity holdings, we strive to meet the needs of the stakeholders in our communities and investments and to incorporate their feedback into how we conduct our business. We utilize periodic and annual surveys of our tenants seeking independent feedback regarding tenant satisfaction and perspective on our property manager’s performance.

We comply with the Americans with Disabilities Act (ADA), providing appropriate access to people with disabilities, and other laws as applicable.

In the day-to-day operations of our business, there may be certain decisions that should be considered in the context of the ESG framework and not just in accordance with the standard management practices. These matters can be raised by any of our stakeholders including our employees, tenants, partners, clients and the broader communities in which we operate.

Governance

Michelson operates within a framework of policies, procedures, principles and practices to ensure that all its affiliates embrace corporate responsibility, accountability, fairness, and transparency in their stakeholder relationships.

ESG issues are an important part of Michelson’s investment analysis and due diligence processes, including a robust and rigorous underwriting regimen, risk management evaluation and approval processes. We assess our investments for climate-related risks and anti-money laundering concerns. We require background checks on our partners and residents, and any potential conflicts of interest are identified and vetted. Additionally, we undertake a regulatory review to ensure every property will comply with all local and national laws, including sustainability standards.

We provide accurate and relevant information to our stakeholders about our products and services and deal promptly, respectfully and appropriately with client requests and concerns. We avoid, mitigate and/or disclose potential, actual and apparent conflicts of interest.

Michelson’s longstanding relationships with its investors, business partners and lenders are a testament to our success in meeting the highest standard of fairness, cooperation, transparency and commitment to the communities in which we operate.