REITs across a range of property types were named as 2022 Green Lease Leaders by the Institute for Market Transformation (IMT) and the Department of Energy’s (DOE) Better Buildings Alliance, with five Nareit members named to a new Platinum tier that recognizes companies for integrating high performance leasing and social equity practices into building operations.
“These leading organizations are driving lasting change in U.S. buildings by creating mutually beneficial agreements between landlords and tenants to pursue emissions reduction targets,” said Maria Vargas, senior program advisor at DOE and director of the Better Buildings Initiative.
Lotte Schlegel, executive director at IMT, said green leases not only reduce energy use, “but also promote strong relationships between landlords and tenants. This was invaluable during the pandemic, and we see tremendous opportunity to build on these relationships to improve social as well as environmental outcomes.”
REITs named to the Platinum Recognition – Landlord category include:
Boston Properties, Inc. (NYSE: BXP); Brandywine Realty Trust (NYSE: BDN); Digital Realty (NYSE: DLR); Empire State Realty Trust, Inc. (NYSE: ESRT); and Physicians Realty Trust (NYSE: DOC).
REITs named to the Gold Recognition – Landlord category include :
Acadia Realty Trust (NYSE: AKR); Kite Realty Group Trust (NYSE: KRG); Office Properties Income Trust (Nasdaq: OPI); Philips Edison & Co., Inc. (Nasdaq: PECO); Regency Centers Corp. (Nasdaq: REG); Rexford Industrial Realty, Inc. (NYSE: REXR); SITE Centers Corp. (NYSE: SITC); and W.P. Carey Inc. (NYSE: WPC).
REITs named to the Silver Recognition – Landlord category include:
Easterly Government Properties, Inc. (NYSE: DEA); FIBRA MTY (MEXBOL: FMTY14 MM); Highwoods Properties, Inc. (NYSE: HIW); Hudson Pacific Properties, Inc. (NYSE: HPP); INDUS Realty Trust, Inc. (Nasdaq: INDT); InvenTrust Properties Corp. (NYSE: IVT); Paramount Group, Inc. (NYSE: PGRE); Piedmont Office Realty Trust, Inc. (NYSE: PDM); and Spirit Realty Capital, Inc. (NYSE: SRC).
Kilroy Realty Corp. (NYSE: KRC) received gold in the team transaction recognition category.