Reducing Our Environmental Impact
Vidalta has instituted energy conservation, operational efficiencies, and environmental policies as part of its overall operational process:
Evaluate all potential multifamily acquisitions for financially attractive green retrofit opportunities, using energy and environmental audits
Implement green initiatives:
WATER CONSERVATION PROGRAMS
Reduce water usage through high efficiency bathroom fixtures
ENERGY SAVING PROGRAMS
Reduce energy consumption through LED lightning fixtures and promote energy conservation by tenants through education and initiatives
Track energy and environmental metrics of multifamily properties in its portfolio
Share best practices and information with tenants to increase further awareness and the benefits of “going green”
Review energy usage and environmental impact
The Communities We Serve
Materiality: The Basis For Engagement
Vidalta engaged an ESG third party consultant to perform a materiality assessment (GRI/SASB) to understand the ESG key items that matter to Vidalta and to its stakeholders (e.g. investors, employees, communities, service providers, among others). The materiality assessment will be the cornerstone for our ESG policy, which will guide our environmental, social and governance efforts in 2022 and beyond.
Enhancing Our Residents Quality Of Life
We look for properties where we can invest our energy and passion to turn them into quality living homes. With residents as our main focus, we emphasize on customer service and resident retention based on our unique understanding of and commitment to our target market.
How we do it
• Property renovation and improvement. We improve the property amenities to provide our residents with better live and play spaces (e.g. unit interior upgrades, outdoor kitchens, fitness centers, dog parks, business centers, among others).
• Set community rules and standards that result in a respectful and caring environment for all residents.
• On-site social programs, such as English language and basic computer classes for adults.
Social Commitment: EPIC Foundation
Vidalta launched EPIC Foundation as the firm’s institutional channel for the execution of its social impact initiatives. The foundation comes to life through the voluntary donation of resources ( i.e. cash, time, goods, services) from Vidalta’s team members, investors, partners, and third party donors.
EPIC Foundation has two different programs: “A Healthy Brighter Future”, which focuses on medical treatment for children and young adults with chronic diseases, and “Impact Entrepreneurs”, which mentors and empowers young local entrepreneurs working on innovative projects with a social impact in their communities.