Sam Zell’s Equity Residential issues $400M in green bonds

Sam Zell may be a bit skeptical about climate change, but he
nonetheless may profit from it. Zell’s Equity Residential issued
$400 million in green bonds, according to a company press release.
The issuance, which the firm claims is the first ever for an
apartment REIT, is for 4.15 percent unsecured notes that mature in
2028. The bonds are expected to generate proceeds of $396.7
million, which the company plans to funnel into green projects

Source: FS – All – Real Estate News 2
Sam Zell’s Equity Residential issues 0M in green bonds