A raft of high profile real estate companies have signed up for the Institutional Limited Partners Association’s (ILPA) diversity in action (DIA) initiative, following work by Ivanhoé Cambridge to galvanise its peers.
New partners GTIS Partners, Rockpoint, Tishman Speyer, Breakthrough Properties, CIM Group, Gaw Capital, Walker & Dunlop, Greystar, and Hines have joined the initiative, with other partners set to follow suit in the coming months.
Ivanhoé Cambridge, which signed on to DIA in 2022, sought to accelerate change in the real estate investment sector by actively inviting and encouraging its peers to make the same commitment.
The DIA network includes over 300 like-minded firms committed to advancing diversity, equity, and inclusion (DEI) in the private equity space.
Sunita Mahant, head of social impact and inclusion, sustainable investments at Ivanhoé Cambridge, said: 'Interest alignment is crucial to building and maintaining strong relationships with our partners, and as an inclusive employer and investor, we sought to be intentional about leveraging our influence within the industry to create a sense of inclusion and belonging in the communities where we invest.
'We’re incredibly pleased to be in lockstep with GTIS Partners, Rockpoint, Tishman Speyer, Breakthrough Properties, CIM Group, Gaw Capital, Walker & Dunlop, Greystar, and Hines, who signed on without hesitation, and we’re thrilled to be supporting several other peers as they go through the process.'
Joe Ritchie, managing director, business development, diversity, equity and inclusion at Tishman Speyer, said: 'Tishman Speyer has long prioritized diversity, equity and inclusion across all aspects of our business, and we are proud to join ILPA’s Diversity in Action initiative alongside Ivanhoé Cambridge.
'Dedicated collaborations such as these are key to creating meaningful change within our industry and throughout the communities surrounding our investments.'
Christina Gaw, managing principal & global head of capital markets, co-chair of alternative investments at Gaw Capital Partners, said: 'We are delighted to join hands with Ivanhoé Cambridge in becoming a signatory to the ILPA’s Diversity in Action initiative, which showcases our commitment to further advance diversity, equity and inclusion within Gaw Capital.
'With the ILPA’s framework being the most aligned with our long-term objectives and strategies, we continue to make unwavering efforts in enabling the industry to embrace a diverse and inclusive environment in the workplace.'