St. Petersburg, FL- January 31, 2022- Varia US, a Swiss publicly traded real estate company, and its exclusive asset manager Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, today announced the extension of their partnership with Arbor Day Foundation, a 501(c) nonprofit organization committed to planting trees across the country and around the world.
Stoneweg US and Varia US formed their alliance with the environmental champion in 2021, joining over 200 major corporations in the ‘Time for Trees’ initiative and planting 150,000 longleaf pine, spread evenly across the Eglin Air Force Base in Florida and privately owned lands in Texas; both of which are crucial to restoring the longleaf pine ecosystem in the Southeast United States.
“We are extremely grateful for the results and long-term impact our Arbor Day partnership yielded last year,” said Patrick Richard, CEO for Stoneweg US. “As we continue to forge ahead with our sustainability goals, we felt that renewing this partnership was a natural choice in terms of strategic alliances and look forward to continuing the relationship this year.”
"Meaningful partnerships, like we have with Stoneweg US, allow us to create meaningful change in our world," said Dan Lambe, CEO of the Arbor Day Foundation. "With Stoneweg US's continued support, we will be one step closer to finishing vital reforestation projects in Florida, Kentucky and Indiana. We're thrilled to be continuing our partnership for another year."
Stoneweg US and Varia US will donate a total of $150,000 to plant 150,000 trees across the longleaf pine ecosystem in Florida, the Cumberland Plateau in Kentucky, and the Wallier Woods in support of bat restoration in southern Indiana. The partnership will be activated on the property level, as it was in 2021, whereby all new and renewed leases will contribute 10 trees to the overarching 150,000-tree planting goal.
“This initiative was very well-received across the portfolio and served as a catalyst for building awareness and support for a cause that we as a Company believe so strongly in,” said Thomas Stanchak, Director of Sustainability. “As a result, our residents are a little savvier about the environment and feel a sense of pride that they are contributing to it in such a meaningful and impactful way.”
About Stoneweg US
Stoneweg US is a multifamily real estate investment and development firm located in the heart of downtown St. Petersburg with a portfolio of 15,000 units valued $2 Billion. The Company invests in multifamily assets positioned for strong growth and focuses on increasing investor returns, while improving resident experience through a variety of value-add strategies. For more information, please visit: www.stoneweg.us
About the Arbor Day Foundation
Founded in 1972, the Arbor Day Foundation has grown to become the largest nonprofit membership organization dedicated to planting trees, with more than one million members, supporters and valued partners. Since 1972, more than 400 million Arbor Day Foundation trees have been planted in neighborhoods, communities, cities and forests throughout the world. Our vision is to help others understand and use trees as a solution to many of the global issues we face today, including air quality, water quality, climate change, deforestation, poverty and hunger.
As one of the world's largest operating conservation foundations, the Arbor Day Foundation, through its members, partners and programs, educates and engages stakeholders and communities across the globe to involve themselves in its mission of planting, nurturing and celebrating trees. More information is available at: www.arborday.org.