The Client, a leading alternative real asset investment firm with over $56 billion in assets under management, has built a reputation for aligning sustainability with long-term value creation. With a diverse national portfolio spanning senior housing, student housing, healthcare, life sciences, and self-storage, the firm faces mounting transition and physical climate risks — from tightening energy performance standards to escalating insurance costs driven by climate exposure.
Since 2024, the Client has partnered with Partner Energy and Partner Engineering and Science to build a unified framework that integrates due diligence, sustainability, and climate risk management across its portfolio. The result is a data-driven program that connects compliance, performance, and resilience under a single platform.
Comprehensive Due Diligence and Technical Services
Partner serves as the Client’s sole due diligence provider, providing a comprehensive bundle of services that traditional third-party assessments — Equity PCAs, Phase I Environmental Site Assessments, Radon, and Appraisals — as well as specialist reports covering elevators, roofing, façades, and MEP systems, and a selection of Sustainability due diligence services.
By consolidating these scopes under one umbrella, The Client benefits from consistent technical quality, cross-portfolio benchmarking, and seamless integration with sustainability and energy data housed within Partner’s SiteLynx platform. This continuity between acquisition diligence and ongoing portfolio management ensures that technical, operational, and ESG considerations are aligned from day one.
Managing Transition Risk and Energy Performance
To manage regulatory exposure, Partner Energy conducted a national compliance screening across more than 660 assets, identifying those subject to benchmarking, audit/tune-up, or Building Performance Standard (BPS) requirements. Building on that foundation, Partner now leads The Client’s ongoing Energy Compliance Program, serving as an extension of the firm’s sustainability team. The program monitors jurisdictional deadlines, issues property-specific compliance memos, and coordinates directly with property managers and site teams to ensure timely filings. In its first program year, over 130 annual compliance requirements were actively managed with a compliance rate of over 95%, helping avoid over $100k in potential penalties this year.
Across 32 properties subject to Building Performance Standards, Partner Energy used its SiteLynx Carbon Performance module to model emissions trajectories and forecast when, if ever, each asset might incur penalties. For properties identified as at-risk, Partner conducted ASHRAE Level II energy audits to pinpoint targeted measures and capital upgrades needed to bring them into compliance. This analysis revealed that only two assets are projected to face penalties before 2039 — demonstrating the effectiveness of The Client’s proactive, portfolio-level approach to managing transition risk and advancing long-term decarbonization goals.
In parallel, Partner Energy completed over 50 limited Level I energy and water audits across the Client’s Core Fund portfolio, identifying both operational and capital improvement measures to enhance efficiency and reduce utility costs. Each audit included post-engagement meetings with property operators to review findings, prioritize low-cost actions, and establish near-term implementation plans — ensuring that audit insights directly drive measurable performance gains.
All audited properties are also enrolled in SiteLynx Asset Planner, enabling The Client to track project implementation, monitor realized savings, and report improvements to investors and in broader sustainability disclosures such as GRESB and annual ESG reports. This linkage between audit outcomes, project execution, and investor transparency creates a closed-loop system that turns one-time assessments into ongoing performance management.
COPE Portfolio
Partner Energy conducted a COPE (Construction, Occupancy, Protection, Exposure) Assessment for a phase of the Client’s portfolio (over 60 properties). The assessment focused on collecting enhanced property data to improve insurance pricing and risk modeling, especially for assets exposed to natural climate hazards like hurricanes and floods. The improved data was used to inform catastrophe (CAT) models for more accurate risk and loss estimates, which led to decreased AAL.
Highlights include:
- 660+ assets screened for energy and compliance requirements
- 130+ annual compliance obligations actively managed
- 95%+ compliance rate achieved
- Integrated PCA, ESA, energy, and climate risk insights under one platform
