Kairos Grows Affordable Housing Portfolio With Purchase in Suburban Atlanta
CoStar February 28, 2022 A California firm that targets value-add real estate for investment has snapped up an affordable...
February 15, 2022
Affordable housing investor Kairos Investment Management Company is advancing its ESG initiatives in 2022. The firm has increased attention to reducing its carbon footprint and providing resident services to its low-income tenants. The two—which together make up the environmental and social elements of ESG, are equally important to the company’s capital partners and residents, according to Jonathan Needell, president and chief investment officer of Kairos Investment Management Company.
“Over the last several years, stakeholders in the sector have become increasingly aware of their carbon footprint, particularly when looking at older buildings with water and electrical systems in multifamily properties,” Needell tells GlobeSt.com. “Through our value-add strategy, KIMC continues to look for assets that can benefit from capital and operational improvements helping to decrease waste, pollution, and energy use.”
Last year, the firm made significant strides in reducing the environmental impact of its communities, making improvements in water conservation, energy efficiency and waste reduction, according to Needell. As a result, KIMC reduced water usage by 36.7 million gallons and waster production by 728 cubic yards. “We also produced and saved over 700,000 kilowatt hours through investments in solar power and energy improvements,” adds Needell.
While sustainability typically steals the spotlight when it comes to ESG initiatives, KIMC has equally invested in social programs. “We strongly believe there will be an increased push for activities and programs offered to affordable housing residents,” says Needell. “Our company offers a wide variety of social programs through our partnerships with non-profit organizations, both locally and nationwide.”
In 2021, these partnerships resulted in the donation of $528,000 in goods and services for residents, including everything from food to wellness programs. “We hosted flu shot clinics, tax preparation services, and financial literacy training; all programs that were well received by our residents,” says Needell. Last year, the firm also launched a partnership with Esusu and Freddie Mac to provide credit monitoring services to residents.
“Using our own investment management teams to handle our acquisitions is another helpful tactic,” says Needell. “This allows us to carefully tailor our services to support the needs of each property, which contributes positively to overall performance.”
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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Copyright © 2025 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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