Commercial/Multifamily Briefs from S&P Global Ratings, Reonomy, Servpro, Arbor Realty Trust

S&P Global Ratings Publishes ESG Roadmap

S&P Global Ratings said it plans several initiatives about how it assesses environmental, social and governance factors across all sectors globally.

“As part of our commitment to transparent communications, we are laying out our plans, the indicative timeline and reminders about key concepts–such as how ESG factors influence creditworthiness, the importance of materiality, as well as where to find our views about an entity’s ability to manage ESG risks and opportunities,” said Bernard De Longevialle, S&P Global Ratings’ Global Head of Sustainable Finance.

The report, “S&P Global Ratings’ ESG Roadmap And Reminders About Our Approach,” analyzes ESG factors as part of the firm’s credit ratings analysis and as part of S&P Global Ratings ESG-specific evaluations and opinions.

S&P Global Ratings noted this report does not constitute a rating action.

Reonomy, Servpro Establish Partnership

Commercial real estate data firm Reonomy announced a partnership with cleanup and restoration services firm Servpro. Through the partnership, Servpro will gain access to Reonomy’s property and ownership data to help with its lead generation efforts and market share expansion.

As part of a company-wide effort to build a lead generation tool to expand its national footprint, Servpro sought a commercial data provider that could service the distinct needs of its sales team across geographic markets and identify gaps in coverage. Reonomy’s platform will play a key role in driving this initiative.

“In our search for a partner, being able to have flexibility and depth in our data was key to successfully powering our lead generation efforts and helping us hit our expansion goals,” said Mike Stahl, CMO of Servpro Industries LLC. “We’re excited to be working with Reonomy to provide a more efficient and flexible value offering to our franchise owners.”

Arbor Realty Trust Closes $201 Million Offering

Arbor Realty Trust, Uniondale, N.Y., closed its public offering of 8,050,000 shares of its 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for $201 million in gross proceeds before deducting underwriting discounts and estimated offering expenses.

The company said it intends to use the remaining net proceeds to make investments relating to its business and for general corporate purposes.

Raymond James & Associates Inc. acted as sole book-running manager for the offering.