Highlands REIT, Inc.
Climate Impact & Sustainability Data (2013-12-31 to 2015-12-31)
Reporting Period: 2013-12-31 to 2015-12-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Lease terminations, vacancies, tenant defaults and bankruptcies
- Assets that are special use, single-tenant and/or build-to-suit
- Properties located in weak markets or submarkets
- Economic and market conditions
- Difficulty selling assets at acceptable terms
- Inability to repay or refinance debt
- Potential defaults under non-recourse mortgage loans
- Failure to comply with debt covenants
- Inability to achieve benefits from separation from InvenTrust
- Failure to qualify or remain qualified as a REIT
- Lack of established public market for shares
Mitigation Strategies
- Disposition strategy for assets
- Debt financing for property improvements
- Transition Services Agreement with InvenTrust
- Intention to elect to be taxed as a REIT