Galvanize Real Estate acquires first asset in pioneering profitable decarbonization strategy

Galvanize Real Estate acquires first asset in pioneering profitable decarbonization strategy

By RealfinApril 29, 2024

Galvanize Real Estate has announced its acquisition of an 84,000 sq. ft. industrial asset located at 6610 Amberton Drive in the Baltimore-Washington corridor.

Centrally located near I-95, the Baltimore Washington International Airport, and the Port of Baltimore, the building marks the first acquisition in GRE’s portfolio. The investment is the first of an industrial aggregation strategy within infill Baltimore-Washington corridor.

GRE’s sustainable real estate strategy aims to invest in and decarbonize properties while improving cash flow and increasing asset value. It believes the Amberton asset presents significant decarbonization potential through rooftop solar, mechanical upgrades, and other energy-efficient improvements.

Founded in 2022, GRE intends to tie a portion of its long-term incentive allocation to the achievement of predefined, quantifiable sustainability goals.