"Green" has been the buzzword of corporate America in 2007.Green initiatives, including energy efficiency, have long been oneof the cornerstones of Los Angeles-based Arden Realty. The companywas cited three times by the Environmental Protection Agency as the"Commercial Real Estate Owner of the Year" for its innovativeenergy initiatives and for owning the most energy efficientbuildings in a single portfolio in the United States.

That attention to conservation made it an attractive buy for GEReal Estate beyond simply the physical portfolio.

According to data taken from the EPA Star Statement ofPerformance, from 1998-2006 Arden reduced 333 million kWh ofelectric energy consumption for a savings of $41.5 million. In 2006alone, the company reduced more than 72 million kWh of electricenergy consumption for a savings of more than $10.5 million. Alsoin 2006, Arden reduced more than 100 million pounds of CO2emissions as compared to the industry average.