What is fund allocation?

If a subgroup represents an investment fund and some of the buildings in that fund are only partially allocated to the fund, you can indicate what percentage of a building’s value is allocated to the fund, enabling that allocation percentage to influence reporting metrics.

What metrics does fund allocation affect?

In combination with a building’s % Ownership metric, a subgroup building’s fund allocation affects how that building is reported to GRESB.

When reporting a building’s ownership to GRESB, if the building is being reported as part of a subgroup (fund), the building’s ownership will be normalized by its allocation percentage.

For example, if a building’s % ownership by the portfolio is 80%, and the building is allocated 50% to Fund X, when the building’s ownership is reported in the GRESB Asset-level Export, it will be reported as 80% × 50% = 40%.

This normalizing factor will also be taken into account in the performance metrics displayed in Core’s replicas of GRESB aggregate tables (Data Summary views and Word Export).

How do I set up and adjust fund allocation?

When setting up a subgroup for the first time, after selecting which buildings the subgroup contains, you’ll be asked if you want to set fund allocation percentages for any of the selected buildings. If the subgroup does not represent a fund or none of the buildings are partially allocated, you can skip that step entirely.

You can adjust the fund allocations for an existing subgroup by clicking the Update Fund Allocation option in the subgroup’s ellipsis menu.