SAN FRANCISCO-This morning, GlobeSt.com reported that locally based Shorenstein Properties LLC has been recognized as having completed the Building Owners and Managers Association International‘s 7-Point Challenge. Shorenstein is a partner in EPA’s ENERGY STAR program and 80% of the company’s portfolio has either qualified for the ENERGY STAR label or is pending approval.
For the past several years, the company has also been a participant in the Environmental Defense Fund’s Climate Corps Initiative. According to Stan Roualdes, executive vice president for property management and construction, the firm was excited to participate in this challenge because “it fit well with our overall operating strategy and platform.”
He notes that “We worked diligently to meet the commitment we made and, five years later, we are very proud to be recognized for our efforts and the effect we have had, and will continue to have, on our environment, buildings and tenants.”
Additional steps taken by the company in the last 12 months include:
- Hiring a full-time Sustainability Program Manager;
- Developing ongoing tenant engagement programs to provide information, tools, and incentives to enhance the sustainability of our tenants’ office places;
- Expansion of companywide benchmarking to include water, and waste;
- And, committing to reduce energy consumption by an additional 20 percent by 2020 as part of the Department of Energy’s Better Buildings Challenge.
According to BOMA’s website, it’s often said that industry will never self-regulate, but the following companies “wowed” BOMA by their efforts on all seven points of the 7 Point Challenge. They are:
*Brookfield Office Properties
*Crimson Services LLC
*Liberty Property Trust
*Munich Reinsurance America Inc.
*Riverview Realty Partners
*Parmenter Realty Partners
*RREEF Real Estate
*Stream Realty Partners LP
*Shorenstein Realty Services LP
*The Ashforth Co.and TIAA-CREF
*USAA Real Estate Co.
*Wells Real Estate Funds
Additionally, the following companies deserve proper recognition for completing the submission process and offering their portfolios for consideration, says BOMA:
*RiverRock Real Estate Group
*JMB Realty Corp.
*IDS Center- Inland American Office Management LLC
*CASE Commercial Real Estate Partners
*CNL Commercial Real Estate
*Healthcare Facilities Development
*Coventry Health Care Inc.
*Seven Oaks Management
*Texas Guaranteed Student Loan Corp.
Additionally, BOMA awarded two specialty recognitions. The award for Most Improved goes to Munich Reinsurance America Inc. Munich took their portfolio from an Energy Star score of 10 to a 63. Their headquarters building is carbon neutral and they believe they can be carbon neutral portfolio-wide by 2015, says BOMA. The award for Most Innovative goes to Liberty Property Trust: The Liberty Energy Efficiency Partnership or “LEEP” program is an internal program created to work with tenants who control their own energy bills.