At Realty Income, we believe that giving back to our community is an extension of our mission to improve the lives of our shareholders, our employees, and their families. As such, our Corporate Responsibility Program reflects our strong commitment to being a responsible corporate citizen and taking an active role in the betterment of the communities in which our employees and shareholders live and work. Our program incorporates activities that include civic involvement, charitable giving, and sustainable business practices. Our non-profit partnerships have resulted in approximately 700 employee volunteer hours in 2016, employee and corporate donations to fund local affordable housing, educations services to at-risk youth, funding local foodbanks, and toys for under-served children and veteran families. We are proud of the efforts we have made to date and look forward to continuing to strengthen our impact as part of the successful operations of The Monthly Dividend Company®.
The following criteria are used as guidelines in selecting the programs the company supports:
- Serve and strengthen the San Diego community
- Have relevance to the real estate sector
- Support community through education
- Promote environmentally and/or socially sustainable behavior
Habitat for Humanity®
San Diego Habitat for Humanity Inc. (SDHFH), the local affiliate of Habitat for Humanity International, is a nonprofit organization that builds simple, decent and affordable homes for ownership by local families in need.
Realty Income has partnered with San Diego Habitat for Humanity since 2015. The partnership has included donations totaling $225,000 and the hard work of 120 employee volunteers who helped install siding, roofing, permeable pavers, paint, plant landscaping, and build fencing at the final two homes of Habitat’s Foundation Lane Community in El Cajon, CA in 2015, and at the Imperial Beach Neighborhood Revitalization Project in 2016 . At both worksites, employees also assembled playhouses to benefit another nonprofit, Head Start.
“Through our Corporate Responsibility Program, we are pleased to work with San Diego Habitat for Humanity and honored to support the partner families,” said John P. Case, CEO of Realty Income. “We have had a significant presence in San Diego County since our company’s founding in 1969 and it is important to us to continue to impact our local community positively.”
Learn more about these events at San Diego Habitat for Humanity
San Diego Nonprofit Organizations
Each year, Realty Income selects San Diego organizations to partner with to host two events - a food drive and a “giving tree” holiday wish drive. For the food drives, employees collect canned goods, non-perishable food items and monetary donations. The “giving tree” holiday wish drives grant wishes to local under-served families, and employees select wish ornaments with specific information about a child to assist in providing that child with their wish for the holidays.
All monetary donations for each event are matched by Realty Income, thus far providing approximately 9,000 meals and ~$5,500 in food to the local community, and over 230 wishes which account for over $12,000 in gifts.
Our focus on conservationism is demonstrated by how we manage our day-to-day activities at our corporate headquarters. At our headquarters, we promote energy efficiency and encourage practices such as:
- Powering down office equipment at the end of the day,
- Implementing file-sharing technology and automatic “duplex mode” to limit paper use
- Adopting an electronic approval system
- Carpooling to our headquarters
- Recycling paper waste. In 2016, we sent more than 29,500 pounds of paper to our off-site partner for recycling
With respect to recycling and reuse practices, we encourage the use of recycled products and the recycling of materials during our operations. Cell phones, wireless devices and office equipment are recycled or donated whenever possible.
In addition, our headquarters was constructed according to the State of California energy efficiency standards (specifically following California Green Building Standards Code and Title 24 of the California Code of Regulations), with features such as an automatic lighting control system with light-harvesting technology, a Building Management System that monitors and controls energy use, an energy-efficient PVC roof and heating and cooling system, and drought-tolerant landscaping with recycled materials.
The properties in our portfolio are net leased to our tenants who are responsible for maintaining the buildings and are in control of their energy usage and environmental sustainability practices. We remain active in working with our tenants to promote environmental responsibility at the properties we own and to promote the importance of energy efficient facilities.
Our Asset Management team has engaged with a renewable energy development company to identify assets that would maximize energy efficiency initiatives throughout our property portfolio. These initiatives include solar energy arrays, battery storage, and charging stations. In addition, we continue to explore regional opportunities with our tenants, bringing our properties into compliance to qualify for city and county programs but moreover engaging to conserve our world’s finite resources.