In Recognition of Earth Day, Covenant Capital Group Announces New Water Consumption Savings

Real estate investment management firm is guided by robust ESG policy
and invests heavily in updating and renovating environmental
efficiencies within the apartment communities it acquires

NASHVILLE, Tenn.–(BUSINESS WIRE)–Covenant
Capital Group, LLC, a Nashville-based real estate investment manager
that excels at revitalizing and extending the life span of strategically
important apartment communities in high-growth southeastern and
mid-Atlantic markets, celebrates Earth Day by outlining new water
savings figures throughout its communities driven by its extensive
Environmental, Social Responsibility and Governance (ESG) policy.

On average, across all of Covenant Capital Group’s properties, its water
savings have reached approximately 15%, which equates to over 30 million
gallons of water saved, per year.

“Vast improvements in the environmental efficiencies and sustainability
of our properties is a priority for Covenant Capital Group,” said Govan
D. White, managing partner and co-founder of Covenant Capital Group. “We
want our properties to have a positive environmental and societal impact
on residents and the surrounding community. We believe our new heights
in water savings highlight our dedication to these efforts, and we look
forward to continuing to pioneer initiatives that deliver sustainable
results.”

Covenant acquires and renovates apartment communities that were often
built between 1970 and 1990. In many cases these properties have had few
improvements since original construction and are thus very inefficient.
The firm has fine-tuned processes and developed strategic steps that
very effectively address the following at the properties it purchases:

• Water consumption – Achieving water use reduction through
  installation of low flow systems.
• Energy consumption – Energy reduction through updated
  appliances, windows and systems.
• Waste disposal – Installation of longer lasting products,
  disposing of old materials.
• Reduced commute times – Sustainment of locations important to
  transit.

These steps help Covenant revitalize properties into premier,
institutional quality assets. Through its process, it sustains valuable
housing inventory in high-growth areas to positively impact communities.

For more information on Covenant Capital Group’s social programs, please
visit: http://www.covenantcapgroup.com/social/

Contacts

for Covenant Capital Group, LLC
Justin Wilson, 615-918-9072
[email protected]