REITs in the Community: Relief for Hurricane Harvey and Irma

To ensure industry-wide efforts are known, NAREIT has created a clearinghouse on REIT.com to provide information about what member companies may be doing to aid and assist. To provide information about your company’s related activities, please contact Robert Pflieger at rpflieger@nareit.com.

  • Taubman Centers, Inc. (NYSE: TCO) announced that The Mall of San Juan will reopen on October 19. The center has been closed since September 19 due to the impact of Hurricane Maria. With the mall’s reopening, Taubman and The Mall of San Juan are kicking off a year-long community service program that will begin with donations to Unidos Por Puerto Rico, Cruz Roja Americana, ConPRmetidos, The Salvation Army and the Para la Naturaleza Community Fund. Other initiatives will be announced in the future. The collective efforts will result in more than $100,000 of cash and in-kind support for Puerto Rico.

  • Prologis, Inc. (NYSE: PLD) said the Prologis Foundation made a $150,000 donation to the American Red Cross and is matching up to $50,000 in total employee donations. In addition, Prologis has donated 364,000 square feet of available warehouse space to help support recovery efforts—including 250,000 square feet to the American Red Cross—in Orlando, Florida, and 32,000 square feet to the Texas Tactical Policy Officers Association in Houston.

  • Digital Realty (NYSE: DLR) has taken a number of steps to support hurricane relief. The company made a cash donation to a local relief organization and encouraged employees to do so if possible. It also committed to matching employee cash donations to eligible organizations as part of its Matching Gifts Program. The company arranged for items to be donated through a single contact at Digital Realty. In addition, Digital Realty has expanded its volunteer plan. Current policy allows for eight hours of time per year to be donated to approved volunteer efforts. Several employees expressed an interest in signing up for relief work so the company agreed to allow up to 40 hours through the end of 2017.

  • Duke Realty (NYSE: DRE) donated $25,000 to the Red Cross for disaster relief in Houston and South Florida.

  • Realty Income (NYSE: O) will be assisting Hurricane Harvey and Irma relief efforts by matching (dollar for dollar, with no limit) employee donations to any disaster relief organization of their choice. 

  • Brixmor Property Group (NYSE: BRX) has provided a donation to the Houston Food Bank to cover over 50,000 meals for those most severely impacted by the storm. Brixmor has parnered wtih the American Red Cross to utilize its shopping center parking lots as relief stations. Brixmor has also partnered with some of its national tenants to ensure residents in affected areas receive essential supplies.

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