FOR IMMEDIATE RELEASE
October 6, 2023
Media Contact:
Karissa Wilburn | Communications Manager
karissa.wilburn@sandiegohabitat.org
Habitat for Humanity and Realty Income Build Homes for San Diego Families
Escondido, CA – San Diego Habitat for Humanity and Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, came together this week to build better life stories for local families in need of decent, affordable housing.
Realty Income is a commercial real estate company which owns over 13,100 properties globally and is one of six S&P 500 companies headquartered in San Diego.
Realty Income believes giving back to the community is an extension of its mission to improve the lives of its shareholders, its employees, and their families. Realty Income has a Corporate Responsibility Program which reflects its strong commitment to being a responsible corporate citizen and taking an active role in the betterment of the communities in which its employees and shareholders live and work. Wednesday’s activities were a part of Realty Income’s continued philanthropic efforts, supporting Habitat for Humanity’s affordable home ownership program in Escondido.
Habitat for Humanity homes are sold to families who qualify for the program by showing a demonstrated need for improved housing, a willingness to partner with Habitat by committing to 250-500 hours of “sweat equity” helping to build their own homes, and the ability to repay an affordable mortgage.
Realty Income’s continued partnership with Habitat includes a donation of $100,000 and the hard work of 125 employee volunteers, who helped frame homes of Habitat’s newest affordable housing community in Escondido. The community, which offers ten homes for ownership, features three-bedroom homes with two-car covered carports, private yards, energy-efficient appliances, drought tolerant landscaping, and sustainable building materials.
Since the inception of the partnership nine years ago, Realty Income has donated $930,000 and over 4,000 volunteer hours in support of Habitat’s programs.
“Through our Corporate Responsibility Program, we are honored to work with San Diego Habitat for Humanity and volunteer our time in service to partner families,” said Sumit Roy, President and Chief Executive Officer of Realty Income. “Our longstanding presence in San Diego County, combined with our mission centered around enabling people to build brighter financial futures, make it particularly important to us to positively impact our local community.”
People in our community and all over the world partner with Habitat for Humanity to build or improve a place they can call home. With our help, Habitat homeowners achieve the strength, stability, and independence they need to build a better life for themselves and their families. This mission is possible through the financial and volunteer support of partners like Realty Income.
“It is partnerships, with companies like Reality income, that are the foundation of Habitat for Humanity’s work,” said Kwofi Reed, president and CEO at San Diego Habitat for Humanity. “The homes we build on behalf of working San Diegans would not be possible without their generosity and commitment to our mission. Their support and partnership, along with that of our homeowners, volunteers, and other partner sponsors helps us change outcomes for families, neighborhoods, and communities — and for that we are ever grateful.”
About San Diego Habitat for Humanity
People in our community partner with San Diego Habitat for Humanity to build or improve a place they can call home. Habitat homeowners build their homes alongside volunteers and pay an affordable mortgage. With our help, Habitat homeowners achieve the strength, stability, and independence they need to build a better life for themselves and their families.
Habitat for Humanity exists through volunteer labor and contributions of money, land, and materials, including purchases and donations to the ReStore, Habitat’s discount home improvement retail center. For more information, visit www.sandiegohabitat.org or call 619-283-HOME (4663).
About Realty Income
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 639 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 122 times since Realty Income’s public listing in 1994 (NYSE: O). Additional information about the company can be obtained from the corporate website at www.realtyincome.com.
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