Renaissance Downtowns is committed to addressing some of the most pressing issues facing the nation today. Disinvested communities, suburban sprawl, lack of housing options, unemployment and rising levels of poverty are some of America’s most urgent socio-economic challenges that our team focuses on daily through the work we do. While conventional approaches to development have not been able to successfully deal with these challenges in the past, Renaissance Downtowns’ impact-driven real estate model has the ability to help respond to these critical needs.
Building on years of experience, research and case studies, Renaissance Downtowns’ approach consists of an integrated framework of solutions and tools that fundamentally alter the real estate planning and development process and the nature of its relationship with communities through a truly ground up and ground breaking approach.
OUR MODEL INCLUDES:
MEASUREMENT AND REPORTING
Renaissance Downtowns is one of the first real estate companies of its kind to create a proprietary impact framework to measure, monitor and guide planning and development efforts to improve the positive impact in each of the communities they work in.
By prioritizing the positive impact for our communities, Renaissance Downtowns has not only become a nationally recognized thought leader in progressive, community oriented and triple bottom line development, but also realized the overall benefit to the business model of real estate development and investing.
Our methodology begins with understanding the values that are expressed from the community members we work with. By utilizing the crowd-sourced placemaking process we are able to better understand the needs and desires of residents which helps us to shape and inform our impact strategy, analysis and approach.
Through in-depth qualitative evaluation processes that include surveys, focus groups, meet-ups and one-on-one meetings with community members in addition to quantitative statistical research we were able to develop an iterative impact metrics framework that focuses on a selection of foundational key performance areas to help us evaluate and support the communities we work in.
- Local Economic Growth
- Education & Training
- Environmental Sustainability
- Social Equity
These areas are further broken down into key performance indicators and targets are set to define the desired improvement in each KPI and establish a benchmark against which success can be measured internally. With a dedicated internal impact team, we are able to customize and evaluate a platform of data collection and analysis mechanisms that serve to continuously monitor changes in KPI levels over the course of our projects. Each impact indicator is tracked and targeted for improvement by implementing carefully selected activities and initiatives that we will help coordinate. The result of these steps are communicated to the communities, municipalities and investors we work with, helping us to establish of a clear accountability system for our stakeholders, whereby success will depend on quantifiable improvements across social environmental and economic dimensions.