> For the complete documentation index, see [llms.txt](https://guides.gresb.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guides.gresb.com/lender/completing-the-assessment/supporting-information/asset-and-portfolio-classification.md).

# Asset & Portfolio Classification

[Indicator RC4](/lender/completing-the-assessment/2026-lender-assessment/entity-and-reporting-characteristics/reporting-characteristics/rc4-property-geography.md) of the GRESB Lender Assessment asks participants to identify the location associated with the reporting entity. 

This page aims to help participants understand the locations available for selection and how an entity's asset composition determines its overall portfolio classification.

***

Every reporting entity must have a **primary** location (i.e., the location in which the majority of the portfolio's assets exist). GRESB uses this information to assign the entity to a predefined peer group and establish benchmarks. 

GRESB identifies an entity's primary location through the following scenario:

* The entity must self-identify its portfolio-level/primary location via indicator RC4. 

Regardless of which scenario above applies, participants can refer to GRESB's thresholds below to understand an entity's primary classification.

<details>

<summary><strong>Primary Location Thresholds</strong></summary>

#### Primary Location Thresholds

An entity’s primary property location is based on the most specific geography that accounts for at least 60% of its Gross Asset Value (GAV).

For example, if 60% or more of an entity’s GAV is located in one country, this country becomes the entity’s primary location.

However, if less than 60% of an entity’s GAV is located in one country, but 60% or more of the entity’s GAV is located in a subregion (e.g., Eastern Asia), this subregion becomes the entity’s primary location.

The logic above also applies to the subregion and region.

</details>


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