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ORONTO, May 09, 2025 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (TSX: MHC.U) (TSX:MHC.UN) ("Flagship" or the "REIT") has published its fifth annual Environmental, Social and Governance ("ESG") Report. The report showcases the REIT's ongoing commitment to ESG initiatives such as renewable energy, education, community amenities, and tenant well-being.
"We're proud of our ESG efforts this past year," said Kurt Keeney, Chief Executive Officer. "Our mantra is 'We can do well for investors while doing good,' and we've made significant strides in building stronger, more resilient communities."
The report adheres to the Global Reporting Initiative ("GRI") Sustainability Reporting Standards and can be found on the REIT's website at https://flagshipcommunities.com/investor-relations/sustainability-report/. In 2024, Flagship advanced new community and environmental initiatives, including a solar lighting program that installed over 2,100 solar lamps across 45 communities. The REIT also reduced water consumption by 25-35% through sub-metering technology and water re-capture programs.
Flagship's White Pine Pointe community was awarded "Community of the Year" by the Kentucky Manufactured Housing Institute (KMHI), while the REIT itself was recognized as Manufactured Home Community Operator of the Year for the second time in three years. The Suburban Pointe community received the Community Impact Project of the Year award.
Flagship added new amenities to Suburban Pointe, including a clubhouse, playground, basketball court, soccer field, and dog park, while introducing community events and programming year-round. About Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential Manufactured Housing Communities primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences in family-oriented communities across several states.
For further information, please contact: Eddie Carlisle, Chief Financial Officer Flagship Communities Real Estate Investment Trust Tel: +1 (859) 568-3390
