Hudson Pacific Properties Pledges $500,000 to Union Rescue Mission to Address Homelessness in Los Angeles
LOS ANGELES--(BUSINESS WIRE)--Jan 8, 2020--
Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that it has pledged $500,000 to Union Rescue Mission as part of the company’s comprehensive efforts to fight homelessness and give back to communities in its core markets of Los Angeles, Silicon Valley, San Francisco, Seattle and Vancouver.
On any given night, there are more than 58,000 people experiencing homelessness in Los Angeles County, according to the Los Angeles Homeless Services Authority. Union Rescue Mission provides many of these men, women and children with vital emergency and long-term services, and Hudson Pacific’s $500,000 donation will directly support these efforts over the course of three years.
Rev. Andy Bales, CEO, Union Rescue Mission, said: “We are grateful to partners like Hudson Pacific for addressing the crisis in homelessness in Los Angeles and helping individuals and families create a new path. This generous contribution will allow us to significantly expand our work and help save more lives.”
Since its inception, Hudson Pacific has been a conscientious steward of the communities in which it operates, working to transform and enhance neighborhoods through sustainable real estate development as well as charitable giving, service initiatives and volunteerism.
Natalie Teear, Vice President of Sustainability and Social Impact at Hudson Pacific, said: “Hudson Pacific is committed to being a part of the solution to the homelessness epidemic that so many of our major cities are facing. Being a responsible corporate citizen is part of who we are, and it is important to our employees, tenants, city partners and shareholders. We are excited to announce this commitment to Union Rescue Mission, and we will continue to pursue creative ways to work with local partners striving to prevent homelessness and overcome housing affordability challenges in our core markets and beyond.”
In addition to the Union Rescue Mission pledge, Hudson Pacific continues to support other homeless service organizations including: Safe Parking L.A., PATH in Los Angeles and San Jose; North Beach Citizens in San Francisco, Downtown Emergency Service Center (DESC) and Wellspring Family Services in Seattle; and Covenant House in Vancouver, among many others. The company also encourages employee giving by providing every employee with 32 hours of paid volunteer time-off annually and matching charitable contributions.
About Hudson Pacific Properties
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the Russell 2000® and the Russell 3000® indices. For more information visit HudsonPacificProperties.com.
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company’s control that may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005073/en/
CONTACT: Investor Contact:
Senior Vice President, Investor Relations & Marketing
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PHILANTHROPY OTHER PHILANTHROPY
SOURCE: Hudson Pacific Properties, Inc.
Copyright Business Wire 2020.
PUB: 01/08/2020 09:00 AM/DISC: 01/08/2020 09:01 AM