SIXTH EDITION | 2021
Statement of Stewardship
Table of Contents 4
A Letter From Our Leaders
6
Company Overview
9
Our Statement of Stewardship
10
Environment 14 LEED 16
National Green Building Standard™
18
Wellness 19
Fitwel
20 WELL Certification 22 Case Studies 22 Crescent Communities Home Office 28 Escent Research Park 30 NOVEL River Oaks 32 NOVEL LoSo Station
ABOUT THE COVER ARTIST
34 Social
Adrián Torres was born in 1982 in the province of Cádiz, Spain. Ever since he was a young boy, Torres found himself drawing all the time – especially comics. His first encounter with the art of painting took place when he began to study Fine Arts in Seville, Spain.
35 Greater Purpose 2021
After obtaining his BA in Fine Arts in Barcelona in 2005, Torres moved to the US and embarked on a painting journey at Ron Tomlinson’s art study in Fort Worth for more than two years. When he returned to Conil de la Frontera in his home town of Cádiz, Spain, he established his own art study. Torres’ works and painted murals feature a number of countries as backdrops, including the United States, Spain, Germany, France, Brazil, Russia, the Philippines, and Malaysia, to name a few.
36 Diversity, Equity & Inclusion 47 Our Approach to COVID-19 48 Crescent Communities CARES 50 Community Support
52 Governance
He is the founder of Riding Colors, which allows him to utilize art to bring color and joy to underprivileged children around the world.
@ADRIANTORRES_ART
2021 was a year of challenge, change, and accomplishment. While we began the year with great hopes for a return to normalcy, we instead quickly adapted to a new normal. Despite the continued challenges presented
OUR VISION
Build Community. Better People’s Lives.
by COVID-19, including labor shortages and unpredictable and unrelenting commodities price increases, the Crescent Communities team not only survived, but we thrived, a testament to the resiliency outlined in our Pillars of Stewardship.
OUR VALUES
The challenges posed by the year reinforced our commitment to be good stewards – stewards of our people, our planet, and the places we build and call home. In terms of environmental sustainability, we made good on our 2020 commitment to begin measuring our impact in terms of energy use intensity across our portfolio. This year’s Stewardship Report presents our baseline measures in clear terms. We have also reinforced our commitment to green building practices and certifications, expanding them to include frameworks to promote the health and wellbeing of our residents and tenants. Our Diversity, Equity, and Inclusion Task Force made progress toward creating a more welcoming culture and fostering a more diverse real estate industry. The many strides they made in support of our commitment are outlined within. Amidst the challenging year, our Charlotte-based enterprise team moved to a new home in Ally Charlotte Center, an extraordinary office tower that was also developed and built by Crescent Communities. The office was designed with and for our colleagues, with an intentional focus on health, wellness, productivity, and connection.
BE CURIOUS We are explorers, seeking information and perspectives that help us consistently generate insight into our customers and our marketplace. We are thoughtful, always asking why and rigorously seeking challenges.
DO WHAT’S RIGHT We act with unwavering integrity, treating our people, partners and places as we would want to be treated. We are stewards of our relationships, our communities and the land.
INNOVATE ALWAYS We challenge assumptions, embrace risk and act with conviction in order to deliver “what’s next” in everything we do.
DELIVER EXCELLENCE For our organization, colleagues, customers and partners, we are relentless in our pursuit of exceptional work, search for growth and the creation of places with lasting value.
As we have stated in past editions of this report, to those who much is given, much is expected. Delivering communities where stewardship is at the core of decision-making is not easy, but we am excited for what the future holds. We are proud of the progress outlined in this report, and we remain committed to making a positive impact on the people and the planet by developing intentional places and creating a lasting legacy.
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BRIAN NATWICK
LISA PHOCAS
Chief Executive Officer
Director of Stewardship
STATEMENT OF STEWARDSHIP SIXTH EDITION
COMPANY OVERVIEW
5
Company Overview We create developments that inspire, energize and engage.
OUR FOOTPRINT & PLATFORM
Highly Desirable Geography. Integrated platform and expertise in sourcing, entitlement, design, finance, development, construction, amenity creation, marketing, leasing and asset management.
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use in the United States. Since 1963, our development portfolio has included more than 74 multifamily communities, 24 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities.
Enterprise Snapshot
$6.8B ACTIVE DEVELOPMENT & FUTURE PIPELINE
■ Active Development ■ Future Pipeline
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$2.9B $3.9B
STATEMENT OF STEWARDSHIP SIXTH EDITION
UNIQUE EXPERTISE and proprietary development processes deliver high‑quality, differentiated developments in desirable locations with premium valuations FINANCIALLY AND CRITICALLY SUCCESSFUL multifamily and commercial developments in multiple markets CULTURE-DRIVEN ORGANIZATION attracts and retains industry leading talent across multiple product segments CRESCENT COMMUNITIES’ APPROACH to investment sourcing, planning and design, entitlement and execution creates market premiums and superior absorption SINCE 2010, Crescent Communities has raised over $2.0B in joint venture equity and over $4.8B in debt financing
Markets (16) Offices (9)
SPANNING THE U.S. Charlotte, NC
Tampa, FL
Salt Lake City, UT
Atlanta, GA
South Florida
Denver, CO
Nashville, TN
Phoenix, AZ
Charleston, SC
Washington, DC
Dallas, TX
Richmond, VA
Raleigh, NC
Austin, TX
Orlando, FL
Houston, TX
COMPANY OVERVIEW
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Being good stewards is fundamental to the pursuit of our mission to Build Community and Better People’s Lives. At Crescent Communities, we strive to make decisions that address current and future challenges and to improve continuously in order to have a positive impact on the planet, the people, and the places we build and call home. We hold ourselves accountable through regular evaluation of our practices and ongoing measurement. Our goal is to ensure that the communities under our stewardship flourish for years to come. We seek to create legacies, the value of which build with time.
Environment
To build prosperous and healthy communities within the ecological limits of our planet, it is essential to tackle climate change with disciplined and thoughtful development. We have adopted environmental sustainability principles, practices, and processes to both sustain the environment and support thriving economies. We seek to inspire our colleagues, residents, tenants, and the broader development community to make positive changes that enable ecosystems to flourish.
Community
A community is a network of relationships, enriched by shared values and motivated by the fundamental human desire to be part of something greater. We seek opportunities to build a more diverse, equitable, and inclusive community for our colleagues, partners, customers, and neighbors. When we provide opportunities for all, not only do we allow for productive communities to form and flourish, but we also create economic success.
Wellness
We invest to create environments that support physical and emotional wellbeing. When we design communities where healthy choices are easy to make, we in turn support the well-being of every person who lives, works, and plays there. The places we create then become the catalyst for a healthier and happier lifestyle, not only for our residents and tenants, but for the greater community.
Resilience
Our culture of resilience is demonstrated by our approach to community development and our overall business strategy. To create communities that remain relevant and prosperous over time, we balance our vision and values with flexibility to adapt. Focusing on a foundation of resiliency allows us to seed communities that will sustain and continue to thrive long after our involvement ends. The cultivation of diverse yet synergistic lines of business supports a strategy that is both robust and resilient, yielding consistent results.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
OUR STATEMENT OF STEWARDSHIP
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Environmental Impact Our last Statement of Stewardship outlined a commitment to disclose our environmental impact by tracking and reporting our property level energy use, water use, and waste. In 2021, for the first time, we began reporting energy performance data for nearly all of our communities, and we are pleased to present our findings. Our water use and construction waste diversion metrics represent a subset of our communities. We look forward to reporting this data more comprehensively going forward.
Energy Use Business Units
1
Multifamily
Commercial
Entire Portfolio
Weighted EUI kBtu/ft22,3
Industry Averages4
41.8
59.6
44.0
52.9
30%
more efficient than average
17%
more efficient than average
41.4
Elizabeth on Seventh | Charlotte, NC | Commercial Office
Commercial Offices under construction in 2021
Waste
1. Crescent Communities’ portfolio is comprised of Multifamily and Commercial Business Units. These represent 8,355,722 ft2 or 78%, 1,664,639 ft2 or 16% and 589,179 or 6% respectively of the overall 2021 Gross Floor of Area (GFA) of 10,609,540 ft2). 2. Energy Use Intensity (EUI) is a building’s energy use as a function of its size or other characteristics and is expressed as energy per square foot (ft2) per year. EUI = kBtu/ ft2. It is calculated by dividing the total energy consumed by the building in one year (measured in kBtu) by the total gross floor area of the building (measured in ft2). 3. Weighted EUI is an industry standard methodology to calculate the aggregate EUI across a portfolio based on a weighted average (by ft2) of the Energy Use Intensity of each building or each subset. 4. Averages according to Energy Star Portfolio Manager U.S. National Median Reference Values.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
Water
4,490 tons
of construction waste recycled
94%
average diversion from land fills
2,498,341
gallons / year saved through efficient design
36%
water reduction through efficient design
ENVIRONMENT
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Fun Facts 100
%
of multifamily and commercial office communities completed in 2021 achieved or are pursuing green certifications
72,873 Trees
100%
of communities incorporate native or adaptive plant species that require less water and maintenance
The C02 emissions avoided in our actively operating multifamily and office communities is the equivalent of planting 72,873 trees annually!
EV Charging Many communities offer on site electric vehicle charging stations
100%
17,646 tons Through our thoughtful construction waste diversion plans, we diverted more than 17,646 tons of waste from the landfill during the development of our commercial office and multifamily communities!
of communities have cool reflective roof surfaces
This is equivalent to the weight of 26 blue whales, or 207 orcas, or 175 Boeing 757 jet liners!
100%
of communities have low-flow faucets
100%
of properties use energy star appliances
*Figures represent new-construction multifamily and commercial office 12
STATEMENT OF STEWARDSHIP SIXTH EDITION
ENVIRONMENT
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Environment
Ally Charlotte Center Plaza Charlotte, NC
In addition to capturing and reporting our energy data, we implemented more robust sustainability standards within the development and construction of our multifamily communities. These enhanced development practices not only allow us to measure our impact, but they also create more efficient and comfortable spaces to live and work.
LEED – LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN, IS THE MOST WIDELY USED GREEN BUILDING RATING SYSTEM IN THE WORLD. This certification provides independent verification of a building’s green features, encouraging the design, construction, operations, and maintenance of resource-efficient, high-performing, healthy buildings. Crescent Communities pursues LEED certification for commercial office spaces and select multifamily communities. LEED supports advancements in categories including:
Location & Transportation
Indoor Environmental Air Quality
Sustainable Sites
Materials & Resources
Water Efficiency
Innovation
Energy & Atmosphere
While our design, development, construction, and operational practices are truly what contributes to a more efficient building and a reduced ecological impact, we rely on green
Current Crescent Communities that are LEED Certified or pursuing certification:
and wellness-based certifications to help guide our practices
Ally Charlotte Center, Charlotte, NC
NOVEL Beach Park, Tampa, FL
and communicate our commitment. These include:
Commercial Office – LEED Silver
Multifamily – Pursuing Certification
Crescent Communities Enterprise Office
NOVEL South Capitol, Washington, D.C.
within Ally Charlotte Center, Charlotte, NC
Multifamily – LEED Silver
Pursuing Certification Elizabeth on Seventh, Charlotte, NC Commercial Office – Pursuing Certification
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STATEMENT OF STEWARDSHIP SIXTH EDITION
NOVEL 14th Street, Washington, D.C. Multifamily – Pursuing Certification The River District, Charlotte, NC
Escent Research Park, Charlotte, NC
Mixed-Use, Master-Planned Community
Commercial Office – LEED Certified
Pursuing Community Certification
ENVIRONMENT
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Environment
NOVEL Midtown Phoenix Phoenix, AZ
NGBS – THE NATIONAL GREEN BUILDING STANDARD™ IS A THIRD-PARTY CERTIFIED RESIDENTIAL BUILDING GUIDELINE THAT OFFERS CERTIFICATION SPECIFICALLY FOR RESIDENTIAL CONSTRUCTION. NGBS Certification indicates that a building has been designed and constructed in a manner that promotes improved health, lower operating costs, and a lighter environmental footprint. Since 2014, Crescent Communities has achieved a minimum of bronze level NGBS Certification on all multifamily communities. Certified communities must achieve a minimum number of points in each of six categories including:
Lot Design, Preparation, and Development
Indoor Environmental Air Quality
Resource Efficiency
Water Efficiency
Energy Efficiency
Operation, Maintenance, and Owner Education
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COMPLETED COMMUNITIES
IN PROCESS COMMUNITIES
STATEMENT OF STEWARDSHIP SIXTH EDITION
13,605 6,648
Pursuing
Crescent Communities has
While continuing operations in existing
achieved green building
markets, in 2022, we will add to our
certifications for communities
green building footprint by pursuing
in 19 cities across the country.
certifications in 5 additional new markets.
Reducing Carbon. Building Value.
MULTIFAMILY COMMUNITIES AND RESIDENCES GREEN CERTIFIED:
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Achieved
COMPLETED RESIDENCES
IN PROCESS RESIDENCES
Crescent Communities is a member of the Urban Land Institute (ULI) Greenprint Center for Building Performance. A global alliance of leading real estate owners, investors, and strategic partners, ULI Greenprint is committed to improving the environmental performance of the global real estate industry. Crescent Communities was named a Home Innovation NGBS Green Partner of Excellence for 2021, an honor the team has achieved annually since 2017. NGBS Green, which is based on the National Green Building Standard™ (NGBS), has certified more homes than any other national green home certification program. Being one of an elite group of businesses receiving this recognition validates the commitment Crescent Communities has made to providing residents with increased value, comfort, durability, and efficiency through its NGBS Green Certified homes. ENVIRONMENT
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Wellness As mentioned, Crescent Communities is committed to the health and wellbeing of our colleagues, residents, and
The following Crescent Communities achieved Fitwel Certification in 2021, while several additional communities are pursuing the designation: NOVEL River Oaks | Houston
tenants. When appropriate, we incorporate wellness-based
Multifamily
certifications to guide the design, construction, and operations of our communities in order to promote these ideals.
FITWEL IS A BUILDING CERTIFICATION SYSTEM THAT SUPPORTS HEALTHIER LIVING AND WORKING ENVIRONMENTS TO IMPROVE OCCUPANT WELLNESS AND PRODUCTIVITY.
NOVEL LoSo | Charlotte, NC
NOVEL Midtown Tampa | Tampa, FL
NOVEL O4W | Atlanta, GA
NOVEL South Capitol | Washington, DC
Elizabeth on Seventh | Charlotte
Escent Research Park | Charlotte
Multifamily
Multifamily
The Fitwel Certification System offers 50+ evidence-based design and operational strategies to optimize the health-promoting impact of the built environment. Fitwel is operated by the Center for Active Design, a nonprofit focused on health in the built environment founded by Michael Bloomberg in 2012. CfAD was selected by the federal government to be the licensed operator of Fitwel, leading future development and use within the private and public sectors. The Centers for Disease Control and Prevention remains the research and evaluation partner for Fitwel.
THE SIX STRATEGY AREAS OF FITWEL
Location
Multifamily
Multifamily
Building Access Outdoor Spaces Entrance & Ground Floor Stairwells Indoor Environment Commercial
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STATEMENT OF STEWARDSHIP SIXTH EDITION
Commercial
ENVIRONMENT
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Wellness
Features of WELL Air
Water
reduce or minimize sources
and improved accessibility
Promoting strategies to
Promoting high quality water
of indoor air pollution
Nourishment
Light
culture and reducing the
designed to increase alertness
presence of unhealthy foods
and promote healthy sleep habit
Movement
Thermal Comfort
active living while discouraging
ensuring thermal comfort
sedentary behaviors through
through improved HVAC
environmental design strategies,
system design and control and
programs, and policies
meeting individual preferences
Sound
Materials
ADMINISTERED BY THE INTERNATIONAL WELL BUILDING INSTITUTE, THE WELL
and well-being through the
materials through
BUILDING STANDARD IS A PERFORMANCE-BASED SYSTEM FOR MEASURING,
implementation of acoustical
restriction or elimination
CERTIFYING, AND MONITORING FEATURES OF THE BUILT ENVIRONMENT THAT
comfort parameters
Encouraging better food
Promoting lighting systems
Ally Charlotte Center Charlotte, NC
Promoting physical activity and
Bolstering occupant health
Encouraging productivity and
Reduction of hazardous
IMPACT HUMAN HEALTH AND WELL-BEING. This rigorous certification process marries strategies in design, construction, and
Mind
Community
emotional health through
healthcare, accommodating
Crescent Communities is currently pursuing WELL Certification for our Charlotte
design, technology, and
new parents, and establishing
Enterprise Office and for Ally Charlotte Center overall. The team incorporates principles
treatment strategies
an inclusive community through
operations to lead to a built environment that supports improvements in nutrition, fitness, mood, sleep, comfort, and performance of its occupants. The features of WELL Certification are organized into ten concepts that drive health and well-being.
of WELL and wellness within the design of all communities company-wide.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
Optimizing cognitive and
Supporting access to essential
engagement and design
ENVIRONMENT
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Environment
Our New Home
Vision for Crescent Communities Charlotte Office
NEW OFFICE CASE STUDY
THE NEW CRESCENT COMMUNITIES CHARLOTTE OFFICE WAS DESIGNED BY A PASSIONATE GROUP OF COLLEAGUES WHO WERE RESPONSIBLE FOR GATHERING AN IMMENSE VOLUME OF TEAMMATE FEEDBACK AND TURNING IT INTO A DESIGN FOR A WORKPLACE WHERE ALL WOULD FEEL COMFORTABLE AND PRODUCTIVE. Countless Crescent Communities colleagues contributed to the design development for the new office in partnership with the interior design team at LITTLE Diversified Architects. Feedback was solicited early and often throughout the design process:
Pre-occupancy survey
Focus groups
Space utilization observations, taken twice daily for 10 days
CANVAS planning session
This feedback was incorporated into the design, programming, and operations of the new space, which was unveiled through a series of hard-hat tours in early 2021. In September 2021, Crescent Communities embarked on a very special return-to-office in a brand-new state-of-the art space offering amazing amenities and a myriad of workspaces designed to promote productivity, creativity, and collaboration. Encompassing the entire 8th floor of the brand-new Ally Charlotte Center building, the new Charlotte Office reflects both the legacy and the future of Crescent Communities. The design is warm and welcoming, yet modern and high-tech. Flexible workspaces with convenient plug-and-play technology make it easy to collaborate in-person and with colleagues in remote locations. The palette is inspired by Crescent’s dedication to building community both literally and figuratively. Materials are reminiscent of textured concrete, brick facades, quarry stone, steel framing, and rebar, and are complemented by the strong central theme of wood and greenery.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
ENVIRONMENT
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Environment
LEED and WELL Certification
A Spectacular Gathering Space
Applying design principles used in the communities that the team develops across the country, the Crescent Communities Charlotte Office is pursuing both LEED and
NEW OFFICE CASE STUDY
WELL Certification. LEED certification ensures that the space is designed and built to be high-performing, energy-efficient, and comfortable while reducing the overall environmental impact. WELL certification marries strategies in design, construction, and operations to lead to a built environment that supports improvement in nutrition, fitness, mood, sleep, comfort, and productivity. Jointly, these certification pursuits ensure that the building’s impact on both the environment and the occupants are priorities. Elements that support LEED Certification in the Crescent Communities Charlotte Office include: LOCATION AND TRANSPORTATION • Located in a dense, bikeable, and walkable area with easy access to amenities such as restaurants, pharmacies, grocery stores, and transit
Crescent Communities harvested white oak trees from land planned for future development within The River District to produce a magnificent 23-foot centerpiece table anchoring the “plaza,” a gathering space that is the social hub of the new office. Working with Damon Baron of Carolina Urban Lumber, the team selected the tree from the future development site, and then partnered with the team at LITTLE Architects to develop a stunning live-edge table, complete with a Tree ID which digitally links to a website offering details on the origin of the tree. Referred to as the “harvest table,” it is situated in a common gathering area of the office, inviting colleagues and guests to enjoy both its function and beauty. Additional reclaimed lumber was used to create the reception desk, café lounge table, and other features within the office, reinforcing the rich history of both Crescent Communities and our owner, Sumitomo Forestry, while adding richness and warmth to the space.
WATER EFFICIENCY • Water use is reduced by the incorporation of innovative and efficient fixtures ENERGY & ATMOSPHERE • Energy use is reduced through the inclusion of efficient fixtures and a highly effective building design MATERIALS & RESOURCES • Waste is reduced throughout the construction process and recycling and composting are promoted within • Materials used in the building design and upfit have a reduced environmental impact INDOOR ENVIRONMENTAL AIR QUALITY • Materials used in building construction are low emitters of Volatile Organic Compounds (VOCs), improving air quality • Enhanced filtration improves air quality
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STATEMENT OF STEWARDSHIP SIXTH EDITION
ENVIRONMENT
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Environment NEW OFFICE CASE STUDY
Features that align with our focus on the health and wellbeing of our colleagues include:
VARIETY
ACOUSTICS
We are no longer trapped at our desks. There are plenty of seating options and flexible workspaces, offering the opportunity to collaborate throughout the day.
Noise often elevates stress! Through the use of sound masking, sound reducing spray, ceilings, and partitions design, the workspace is designed for optimal comfort.
HYDRATION Hydration is a key for clear thinking and proper body function. Hydration opportunities are strategically placed throughout for ease of access. FILTERED WATER Drinking water that is free of biological, chemical, and mineral contaminates is a prerequisite for human health. Filters on all faucets throughout the office (including the restrooms) ensure clean and healthy water for all.
BIOPHILIC DESIGN Biophilic design was a priority. The use of natural materials such as the wood ceiling, patterns that reflect nature like the carpet, and plant walls and planters to bring nature indoors. GREEN CLEANING Only non-toxic, hypoallergenic cleaners are used so occupants won’t experience eye, nose, throat, and skin irritations. LOW VOC MATERIALS
FRUITS & VEGETABLES Every day fresh fruit and vegetables are provided to remind us that they are the root of a healthy diet. LIGHT Optimal lighting levels have been provided to ensure good visual acuity and minimize potential headaches. ORIENTATION Particular attention was paid to the workstations orientation to minimize glare. Also, the use of blinds, sit stand desk, and adjustable monitors allows for optimal visual acuity throughout the workday.
Low VOC materials were utilized to reduce off-gassing. By having lower VOC materials occupants lower their risks that contributed to allergies, asthma, and other upper respiratory challenges. AIR FILTRATION The air we are breathing has been filtered extensively to eliminate particulates, ozone and other chemicals. MOTHER’S ROOM This is a private place that’s comfortable and relaxing to assist a new mother to balance professional and personal demands.
SIT STAND DESK Prolonged sitting has a negative impact on the human body. Having 100% sit stand desks at our workstations allows for flexibility throughout the day. Standing burns 50 more calories per hour than sitting.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
WELLNESS ROOM The wellness room provides a place for a quiet break or a place to close your eyes until that headache goes away.
ENVIRONMENT
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Environment
Escent Research Park
ESCENT RESEARCH PARK CASE STUDY
LOCATED NEAR the intersection of West Mallard Creek Church Road and David Taylor Drive in Charlotte’s University submarket, Escent Research Park offers a four-story, 159,000 square foot creative office community built with modern, purposeful design and an intentional connection to the beauty of the outdoors. To complement the pleasing aesthetic, Escent Research Park was designed and built to support digital connectivity, environmental sustainability, and the health and wellbeing of all occupants. Achieving both LEED and Fitwel Certifications, Escent Research Park serves as a model of energy efficiency, resource conservation, and building performance, all while demonstrating a commitment to health and wellness through design. Additionally, WiredScore Certification ensures that the community offers seamless connectivity now, while being designed to adapt to future digital needs.
KEY FEATURES INCLUDE: • More than 92% of the Construction Waste was diverted from the landfill, which equates to 365 tons of recycled or reused material. • Green cleaning and integrated pest management policies promote a cleaner, healthier indoor environment. • Quality views of the outdoors and ample glass and windows promote wellbeing. • On site bicycle parking encourages active transportation.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
• Energy use is reduced through the inclusion of efficient fixtures and a highly effective building design. • Indoor water use is reduced by the incorporation of efficient fixtures • Outdoor water use is reduced by the selection of native species and efficient irrigation. • Materials used throughout the building have a reduced environmental impact and are low emitters of harmful VOC’s.
ENVIRONMENT
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Environment
NOVEL River Oaks
NOVEL RIVER OAKS CASE STUDY
LOCATED AT THE ICONIC HOUSTON INTERSECTION OF WILLOWICK AND WESTHEIMER, NOVEL RIVER OAKS FEATURES ONE-OF-A-KIND AMENITIES THAT DRAW INSPIRATION FROM THE NATURAL ELEMENTS AND ALLOW RESIDENTS A CHANCE TO ESCAPE AND RECHARGE. NOVEL River Oaks achieved both NGBS Silver Certification and Fitwel Certification, demonstrating that the design, construction, and operations of the building not only have reduced environmental impact, but also support the health and well-being of residents.
KEY FEATURES INCLUDE:
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STATEMENT OF STEWARDSHIP SIXTH EDITION
• High-efficiency heat pump provides reliable heating and cooling without the use of fossil fuels
• Community drip irrigation ensures that water is not wasted by placing it exactly where it needs to be
• Above-code low-E windows increase comfort and reduce dependence on heating and A/C
• With a Walkscore of 86, the location of NOVEL River Oaks promotes a healthy lifestyle with proximity to transit and other services and amenities
• Energy Star rated appliances and lighting reduce energy use and lower bills
• Low-VOC insulation, adhesives, paints, and finishes enhance indoor air quality
• Water-conserving bath fixtures and appliances reduce water use while maintaining effectiveness
• Outdoor common areas allow residents to access nature and daylight, reducing stress and enhancing mental health
ENVIRONMENT
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Environment
NOVEL LoSo Station
LOSO STATION CASE STUDY
CONVENIENTLY LOCATED NEXT TO THE SCALEYBARK STATION ON CHARLOTTE’S LYNX BLUE LINE, NOVEL LOSO STATION IS DESIGNED TO COMPLEMENT THE INDUSTRIAL ARCHITECTURE OF THE SURROUNDING AREA. Alongside high-end unit finishes, fantastic amenities, and convenient direct access to the light rail, th integrated Land of a Thousand Hills Coffee & Social serves as a meeting spot for residents and visitors to come together, enjoy food and beverage offerings, and make connections. NOVEL LoSo Station achieved numerous recognitions including NGBS Bronze Certification, Fitwel Certification, and WiredScore Certification. Not only is the community highly efficient, the design and operations support both digital connectivity and the health and well-being of residents. KEY FEATURES THAT SUPPORT THE HEALTH AND WELLBEING OF RESIDENTS AND THE PLANET INCLUDE: • High-efficiency heat pump provides reliable heating and cooling without the use of fossil fuels
• Community drip irrigation ensures that water is not wasted by placing it exactly where it needs to be
• Above-code low-E windows increase comfort and reduce dependence on heating and A/C
• A free and convenient valet recycling program is available to all NOVEL LoSo Station residents
• 3rd party inspections of air ducts and insulation, and NGBS Green Certification ensure an efficient and comfortable living space
• Low-VOC insulation, adhesives, paints, and finishes enhance indoor air quality
• Energy Star rated appliances and lighting reduce energy use and lower bills • Water conserving bath fixtures and appliances reduce water use while maintaining effectiveness 32
STATEMENT OF STEWARDSHIP SIXTH EDITION
• Outdoor common areas allow residents access to nature and daylight, reducing stress and enhancing mental health • Direct access to light rail and on site amenities reduces car-dependence
ENVIRONMENT
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Molly Fletcher
GREATER PURPOSE 2021: THEME OF AUTHENTICITY GUEST SPEAKER, 2021 GREATER PURPOSE
In 2021, Crescent Communities hosted an action-packed all-company meeting at our new Charlotte Office to create community, strengthen the team, level-set, and plan for the future. The first full day of the Greater Purpose meeting was dedicated to stewardship and took 145 colleagues to volunteer around the community through our Crescent Communities CARES initiative.
Social
On day two, the theme of Authenticity took on new meaning as we reinforced our commitment to create a workplace where all feel welcome to bring their whole selves to work. Everyone is uniquely different and each of us possess critical talents and strengths that when realized, contribute to the success of the broader team. The idea of Authenticity is to embrace those unique talents and put them to use to Unleash Your Potential. Our dynamic guest speaker for the Greater Purpose meeting was author and former top sports agent Molly Fletcher. The team was riveted by her lively keynote on Being Fearless at Work and how Authenticity can help us make that happen.
Authentic ADJECTIVE:
UNDISPUTED ORIGIN. GENUINE. • You’re true to your own personality, values, and spirit, regardless of the pressure. • You’re honest with yourself and with others, and you take responsibility for your mistakes. • Your values, ideals, and actions align 34
STATEMENT OF STEWARDSHIP SIXTH EDITION
SOCIAL
35
Crescent Communities Diversity Policy:
DIVERSITY, EQUITY, AND INCLUSION
Diversity, Equity, and Inclusion
Social
Diversity Outreach Event 2021
Crescent Communities recognizes and values a diverse and inclusive workforce. Diversity embodies all of the differences: life experiences, work experiences, perspectives, cultures, religions, ethnicities, gender, age, socioeconomic status, and other aspects of life, all that make us unique individuals. Crescent Communities seeks diversity in its employees, values their differences, and endeavors to treat all employees with respect.
IN 2022, CRESCENT COMMUNITIES PUBLISHED OUR FIRST ANNUAL DIVERSITY, EQUITY, AND INCLUSION REPORT. To learn more about the initiatives outlined on the following pages, please visit our website to review the full report.
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STATEMENT OF STEWARDSHIP SIXTH EDITION
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Social
DIVERSITY, EQUITY AND INCLUSION TASK FORCE
DIVERSITY, EQUITY, AND INCLUSION
The mission of the Diversity, Equity, and Inclusion task force builds upon the diversity policy and outlines our mission: We will reinforce our commitment to creating opportunities for all through an open and honest dialogue and develop proactive solutions that will lead to a more diverse, equitable and inclusive workforce. THROUGHOUT 2021, OUR FIVE TASK FORCE COMMITTEES REMAINED COMMITTED TO THE CULTIVATION OF EQUITY AND INCLUSION.
Leadership Committee Our Leaders continue to participate in learning experiences that provide greater understanding of other perspectives and a forum to have difficult and often uncomfortable conversations about what we can do to drive change. We continue to seek meaningful partnerships to foster dialogue and change, including partnerships to offer opportunities for our leaders to take part in enriching experiences outside of Crescent Communities. In 2021, our Executive Committee members assumed roles as executive
Learning & Conversations Committee We offer all colleagues the opportunity to gain new perspectives and engage in conversation to help us become more aware, compassionate, and engaged in the quest for equity. In 2021, our committee offered numerous opportunities for colleagues to expand their thinking. Most notably, we launched “Lunch through a Lens,” a virtual lunchtime conversation series hosted by local media personality Ohavia Phillips and Charlotte is Creative Founder Matt Olin. Lunch through a Lens serves up inspiring local stories and offers a safe space to talk about diversity, equity and inclusion as it relates to our employees. Sessions featured inspiring stories from community leaders across the country.
Recruiting Strategy Committee The Recruiting Strategy Task Force is committed to ensuring that our hiring practices are fair, equitable and non-discriminative. We are evaluating our entire Recruiting Strategy, including the sources from which we recruit, our interview process, and the selection criteria for both internal and external candidates, and our Summer Associate program. We are also partnering with Historically Black Colleges and Universities (HBCUs) and communicating with our existing recruiting partners about our commitment to diversity, equity and inclusion. In 2021, we focused on increasing diverse hiring sources for staff and for Summer Associates. We reviewed job descriptions to ensure they accurately depict the role and associated requirements and developed progression paths for key roles in order to offer clear guidance for colleagues interested in progressing or pursuing new opportunities within the organization. Further, our committee and talent team provided scholarships to two Summer Associates who attended NC A&T State University, a well-recognized HBCU.
sponsors within the task force committees in order to share ideas and to reinforce senior-level support for this important work.
CRESCENT COMMUNITIES IS PROUD TO PARTNER WITH THE LEVINE MUSEUM OF THE NEW SOUTH, a community organization focused on building a stronger, more equitable community by connecting people to Charlotte and to each other through history, culture, and celebration. In 2021, Dr. Willie Griffin, historian for the Museum, joined Crescent Communities for three impactful and educational opportunities. 38
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SUMMER ASSOCIATES At Crescent Communities, our summer associates are more than just interns. They play key roles on our internal team(s) as well as being expected to be a part of our external community support and enhancement. We take pride in providing amazing opportunities to learn coupled with the ability to share ideas, experiences and perspectives alongside some of the industry’s best and brightest.
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DIVERSITY, EQUITY AND INCLUSION TASK FORCE
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Community Support Committee The purpose of this committee is to support organizations that foster diversity, equity, inclusion, and social justice both nationally and in markets where we have an office presence. We will evaluate and pursue volunteer opportunities that support Black, minority, and high-need communities in our focus areas of education, environment, and shelter.
Crescent Communities is proud to partner with Project Destined, a leading
Our committee evaluated enterprise-level partnerships to ensure they aligned with the commitments outlined above and evaluated new opportunities to support the community broadly. We introduced project-level philanthropy initiatives allowing Crescent teams across the country to weigh-in on opportunities to partner with local philanthropic organizations and to create meaningful impact with community-based organizations fostering economic mobility.
in ownership, investing, and financial health. Throughout the eight-week-
social impact platform that empowers students from underrepresented communities through training in financial literacy, entrepreneurship, and real estate. Project Destined interns learn the basics of financial literacy and real estate investing through a blend of live courses and e-learning grounded long program, interns are supported by their mentors as they learn and develop their own professional networks. The program culminates in a live event where interns present a real estate investment opportunity to a panel of executives and compete for the opportunity to win scholarships. In 2021, Crescent Communities partnered with Faison, a Charlotte-based
External Partners Committee
commercial real estate development firm, to sponsor paid internships for an incredible group of eight undergraduate students from UNC-Charlotte and NC A&T through Project Destined. The internships offered an invaluable
Our construction team will seek minority participation in all projects, and request that our prime contract holders seek and report on Minority and Small Business participation in all phases of construction. Crescent Communities will encourage a more diverse vendor base across all disciplines.
opportunity to grow their network in our industry, exposing the students to
Our committee established a tracking system to update the status of our existing partners and offer the opportunity for Minority and Woman-owned Business Enterprises (MWBE) to re recognized as such. The team implemented tracking tools though the company-wide construction payment management software, allowing us to track our progress and improve our minority participation over time.
see the Crescent Communities and Faison team secure a second-place finish!
all areas of commercial real estate including Pre-Construction, Construction, Finance, and Development. The experience culminated with a competition against other Project Destined teams across the country. We were thrilled to
Women’s Group The Crescent Communities Women’s Group consists of voluntary participants across business units and levels of leadership. Participation is open to all colleagues of Crescent Communities. The Group explores opportunities to assist the women of Crescent Communities with career development, skill refinement, and community building opportunities.
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Developing Skills for Future Leaders Crescent Communities is honored to establish a partnership with the Community Building Initiative (CBI), a non-profit organization with a mission to give people and organizations the knowledge, skills, and courage to fight bias, remove barriers to opportunity and build a more equitable and just Charlotte-Mecklenburg area. Four rising leaders within our organization have been chosen to participate in CBI’s LU40 program (Leadership Under 40) over the past 12 months. These young leaders will use the knowledge they gain through the program to help affect change within Crescent Communities, in the real estate development industry, and throughout the greater community.
LU40 Participants
JAMES RICHARDSON
RUTH EVANS
Development Associate
Director of Finance
VIOLET IWATA-DEAN
SHEP REYNOLDS
Project Administrator
Senior Project Manager
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Diversity Snapshot
DIVERSITY, EQUITY, AND INCLUSION
2020 New Hires 2020 New Hires 12.31.20 - Excludes Interns
WORKFORCE REPRESENTATION | DECEMBER 30TH 2021
(12.30.21)
Total Headcount Total Headcount
85 85
.3% .3%
1
1
2.1%.1% 2
Native Hawaiian or Other Pacific Islander
Asian Asian
5.6%.6% 5 5.6%.6% 5
Female Female
demographics are as follows:
Director Level & Higher Director Level & Higher
27.3%.3% 27 72.7%.7% 72
Black
Female Female
In 2020,Associates we had a total 3 Summer and of
White
Male Male
66.7%7% 66.
3 Summer Associates and here are the demographics: here are the demographics:
Male
Gender Gender 66.67% 66.67%
100 % 100
Under 35 Under 35
24% 24% 13.5% 44.1% .5% 13 44.1% Under 35 Under 35
Talent Metrics Talent Metrics
2020 Promotions 2020 Promotions Total Total Promotions Promotions
2021 Promotions 2021 Promotions Total Total Promotions Promotions
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Female
Male
Female
33.33% 33.33%
White
Age Our Employees fall within the following age groups Age Our Employees fall within the following age groups
18 18 26 26
Female
33.3%3% 33.
Black
White
Total Headcount Total Headcount Director Level Director Level +
Female
Male
7.5%5% 7. Black
Summer Associates Summer Associates Ethnicity 2020 Ethnicity 2020 % In 2020, we had a total of
.9% .9%
Male
Asian
or Latino
White
Black
17.6%.6% 17
Asian
2.7%7%Asian 2. Asian 7.5%5% 7. orHispanic Latino Hispanic
82.3%3% 82.
In 2021, our are newashires demographics follows:
94 94
3 3
12.31.21 - Excludes Interns
White
White
Director Level & Higher Director Level & Higher
or Latino Hispanic Asian or Latino
12.31.21 - Excludes Interns
Hispanic or Latino Hispanic or Latino
White
.7% .4% .7% .4% Hispanic Asian
2021 New Hires 2021 New Hires In 2021, our new hires
Male Male
White
1
White
35 35 64.3%.3% 64
Gender Gender 82.4%.4% 82
5.9%.9% 5
demographics are as follows:
.7% .7%
5.9%.9% 5 Hispanic or Latino Hispanic or Latino
In 2020, ourare new demographics ashires follows:
Total Headcount Total Headcount
.4% Native Hawaiian or .4%Other Pacific Islander
88.2%2% 88.
In 2020, our new hires
Gender Gender
Ethnicity Ethnicity (12.30.21)
1
12.31.20 - Excludes Interns
Ethnicity Ethnicity
35-45
Over 45
35-45
33.6% 33.6%
Over 45
42.4% 42.4%
Over 45 Over 45
83.5%5% 83. White White
2020 Turnover
5.5%5% 5% 5.5. 5% 5% 5.5. 5.5%
Black
Black Hispanic or Latino Hispanic or Latino Native Hawaiian or
7. 7. White White
Black Black
2021 Turnover
66.7%7% 66.
33.3%3% 33. Male
Other Pacific Islander Native Hawaiian or Other Pacific Islander
7% 7%
10.6%6% 10.
2021 Turnover
2020 Turnover
92.3%3% 92.
STATEMENT OF STEWARDSHIP SIXTH EDITION
5.9%9% 5.
In 2021, we had a total of In 2021, Associates we had a total 7 Summer and of
14.29% Hispanic Latino 14or.29% Hispanic
57.14% 57.14%
or Latino
Female
Male
76.9%9% 76.
Female
23.1% 1% 23. Male Male
Female Female
Female
Male
57.14%.14% 57
Female
42.86% 42.86%
28.57% 28.57%
here are the demographics:
35-45
Turnover Rate Turnover Rate
2021 2021
7 Summer Associates and here are the demographics:
42.4% 42.4%
35-45
Male
White
White White
Black Black
Male
Female
Male
Female
In Summary We are committed to fostering a more diverse and inclusive work environment. Better business decisions are made when all parties are included and welcomed. We acknowledge that we have an opportunity to improve in this area. This is meaningful work that will not transform any organization overnight, but we understand the importance of investing our time and energy to create opportunities for ALL people, both within our company and in the real estate industry overall.
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Our Approach to COVID-19 We would be remiss to not mention the global pandemic that is still impacting each and every one of us in ways both great and small. In 2021, we continued to support our colleagues and our communities. We continued to offer a flexible work environment, and to support our colleagues who are juggling with the added stress of family and/or isolation. • Colleagues who work in traditional office settings were encouraged to work remotely as they felt comfortable through the first half of 2021. Understanding the dramatic shift in working habits, personal responsibilities, and level of comfort, the return-to-office transition was gentle. Colleagues were encouraged to begin working from the office three days each week beginning in late June. • While Crescent Communities has always offered the option for colleagues to work with their managers to develop a work schedule that suits their individual needs, this benefit was reinforced as the team returned to the office more regularly.
Get outside and GO! In support of our company value to “Be Curious,” every full-time employee is encouraged to take one “Get Outside Day” off. Colleagues are encouraged to GO and visit a park, greenway, play an outdoor sport, take children on an outdoor adventure, ride bikes, hike, camp, or to simply get creative exploring the outdoors.
• To encourage work-life balance, Crescent Communities team members are encouraged to leave the office at 1pm on Fridays from Memorial Day through Labor Day for “Summer Fridays.” This allows associates to get a kick-start on family time, beat traffic, or take a well-deserved break from the office. To further support the changing needs of our team in 2021, this benefit was extended through September. • Crescent Communities offers a wellness subsidy to all colleagues to support the costs of gym memberships, fitness classes, and race participation. In 2021, this benefit was expanded to cover home fitness equipment and mental health support applications. • The Crescent Communities leaders continued to provide additional flexibility for all employees throughout 2021 as the ongoing pandemic continued to disrupt traditional family and personal routines, milestones, and caregiving arrangements. Not only did we maintain business continuity, but the team adapted effectively and managed to thrive despite the continuing uncertainty.
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Other Crescent Communities CARES Initiatives:
As highlighted on page 31, colleagues from our offices around the country gathered in Charlotte for a day of giving on November 9th. We served alongside our nonprofit partners to support community needs aligned with our Crescent Communities CARES pillars of EDUCATION, ENVIRONMENT, AND SHELTER.
Habitat for Humanity Critical Home Repair
Colleagues of Crescent Communities partnered with Habitat for Humanity of Greater Charlotte to manage painting shifts on four homes in the Critical Home Repair program. This important service
BOYS AND GIRLS CLUBS Crescent Communities serves as a sponsor for the annual fundraising efforts of the Boys and Girls Clubs of Charlotte. Additionally, our Summer Associates supported the organization in 2021 by volunteering their time to make 150 snack packs for high-need children and teens, and even included a personal note of encouragement in each one. ADOPT A SPOT TRASH COLLECTION, CARY The NOVEL Cary Construction Team took part in the Town of Cary “Adopt A Spot” Program. Colleagues collected trash from areas near the NOVEL Cary project site and along Highway 55 to reduce our environmental impact and create a more welcoming community.
provides comprehensive repairs designed to eradicate problems and extend the functional life of a home. In addition, it allows the owners to age in place in the safety and security of their own home.
Catawba Lands Conservancy Invasive Species and Trash Removal
Crescent Communities partnered with the Catawba Lands Conservancy to enhance conserved land within The River District in West Charlotte. The team removed invasive plant species and collected trash and debris in order to allow native plants to flourish and to support a thriving native ecosystem.
Second Harvest Food Bank
Colleagues volunteered at Second Harvest Food Bank of Metrolina to pack hundreds of food boxes to be donated to those in need in advance of the holiday season.
Berryhill School
Student Support and Landscaping Berryhill School is a high-performing title-one school in West Charlotte. In addition to making a financial contribution to add multilanguage books to the school library, colleagues took shifts reading
CLASSROOM CENTRAL SCHOOL SUPPLY DRIVE Each year, Crescent Communities supports backto-school efforts in our office locations. In 2021, we hosted a school supply drive to support Classroom Central, a nonprofit organization that equips students in need to effectively learn by distributing free school supplies. Our donation drive efforts produced more than 4,100 items for students in need! TREESCHARLOTTE TREE PLANTING Crescent Communities supports organizations that work to ensure that all residents have access to the health and environmental benefits that trees provide. We plan to extend our long-standing support of TreesCharlotte and the tree canopy to other markets where we build in 2022. SECOND HARVEST FOOD BANK Colleagues volunteered at Second Harvest Food Bank of Metrolina as part of Second Harvest’s “40 Volunteer Projects in 40 Days” in celebration of the organization’s 40th birthday. The team packed 700 food bags to be donated to those in need in the Charlotte area.
with the youngest students and provided a much-needed overhaul to the educational planting beds outside of the classrooms. 48
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Community Support We choose to support community initiatives that align with our three thoughtfully identified focus areas: EDUCATION, ENVIRONMENT, and SHELTER. Through the Crescent Communities CARES volunteer and charitable giving program, we cultivate a culture of passionate engagement, and we tackle difficult issues such as affordable housing, chronic homelessness, educational disparity, and the climate crisis. In the last year, we are proud to have supported the following organizations through time, talent, or treasure.
In addition to financially supporting the efforts of Junior Achievement of Atlanta, Georgia, several Crescent Communities Colleagues volunteered their time to serve as project coaches for the 3DE program offered to students in Martin Luther King Jr. High School. This program offers real-life examples designed to prepare students for life beyond the classroom walls. Through the program, students are asked to develop a model for their own business. The Crescent coaches developed a case study for the students based on the development of a strategic plan and coached the students through the development of their own plan, based on the case study presented. The program will culminate with a market day in Spring, 2022, during which the students will share their learnings with their classmates.
Trees Charlotte
Plant, Preserve & Celebrate!
CHARITABLE MATCHING PROGRAM To further reinforce our mission to Build Community and
SUSTAIN
CHARLOTTE
Better People’s Lives, Crescent Communities supports the spirit of giving among team members. Recognizing the important work that nonprofit organizations do to lift our community, Crescent Communities offers a charitable matching program. Qualified donations of up to $250 are matched on an annual basis. We are pleased to support the organizations that our colleagues find meaningful and appreciate their support of the community.
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Our Commitment to Effective Governance In July 2018, Crescent Communities became an independently operated investment management affiliate of Sumitomo Forestry of America, Inc. Through our integrated services of development, construction, property operations, and investment management, Crescent Communities strives to deliver strong investment performance through the cycles, capture market opportunities with innovative products, and continue our research-driven investment approach executed by locally based teams. We provide our investors with real estate investment opportunities to meet their investment objectives, mindful of our obligations to accountability, transparency, and trust. We also aim to provide healthy and productive spaces, develop and operate assets in a manner consistent with Crescent’s tradition of responsible corporate citizenship, and oversee the management of buildings to maximize resource efficiency and environmental sustainability. Crescent Communities adheres to governance practices that will ensure our investors’ ongoing confidence and thoughtful risk management. This involves a continual review of how legislation, guidelines, and best practices should be embodied in our approach. Representing the Company, the CEO actively participates in the National Association of Corporate Directors, an organization dedicated to identifying and fostering best practices in governance. Crescent Communities is governed by a four-person board of directors which includes three representatives of Sumitomo Forestry and the company CEO. Sumitomo Forestry of America has one representative director and a small financial and operations oversight team based at Crescent’s Charlotte headquarters. Operating authority is delegated by our Board of Directors via a clearly delineated delegation of authority policy.
BUSINESS ETHICS Our governance policies include our Crescent Code of Business Ethics. The Code of Business Ethics sets forth principles that employees must follow. It describes ethical risks for employees, provides guidance on how to recognize and deal with ethical issues, and explains how to report what is believed to be unethical conduct. The Code is intended to foster a culture of integrity, compliance, respect, and accountability. This Code applies to all employees of Crescent Communities, its subsidiaries, and its affiliates and requires annual certification by each employee. Please refer to the Code document for details. The Code is managed by our internal Director of Risk Management and Internal Audit. We maintain a whistle-blower hotline, EthicsLine provided by InTouch, and we take measures to ensure that every employee is aware of the existence and purpose of the hotline. AUDITING Crescent Communities engages Grant Thornton LLP to perform an annual audit of the organization and to ensure our financial statements and operations are presented accurately and in accordance with generally accepted accounting principles of the United States. The Company’s auditors have certified that our financial reporting accurately reflects the financial position of Crescent Communities and its subsidiaries currently and for all prior years. RISK MANAGEMENT Crescent Communities has developed standards and processes for risk management across our various disciplines and product types. Our Director of Risk Management works with our insurance brokers and risk consultants to maintain proper insurance coverages for the company and our assets, as well as insurance requirements for our contractors and service professionals. Our external legal teams are also key partners in mitigating risk. DATA SECURITY, PRIVACY AND CONTINUITY Data security, privacy and business continuity are top priorities at Crescent Communities. We use both internal and external resources to help minimize cyber threats. We continually audit and test our systems, our infrastructure, and our organization to ensure we are working to effectively stop cyber treats before they happen. Crescent Communities also takes privacy very seriously and we work diligently to safeguard all personal data.
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CRESCENTCOMMUNITIES.COM
2021 COVER ART Adrián Torres
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