The vast majority of our properties are leased to our
customers on a triple-net or triple-net like basis, whereby customers are responsible for their own energy usage, water consumption, and waste management. We do,
generally speaking, retain control of the common areas of our parks and promote the following practices:
Buildings and Footprint
● We employ on
demand controls and energy management systems, including occupancy sensors, photocell sensors, dimmers, and timers to maximize energy efficiency
● We use real-time energy
management programs to collect energy consumption data, identify energy reduction opportunities, and incorporate quick solutions to inefficiently programmed systems
● New developments are LEED
Certified and we are committed to adopting green building design practices; in 2021 we commenced an 83,000 square foot development in Kent, Washington and a 17,000 square foot development in Boca Raton, Florida, both of which are designed
LEED Silver; in 2020, we delivered an 83,000 square foot multi-tenant industrial building in Dallas, Texas that was certified LEED Silver and commenced development of a 411-unit multifamily residential
property in Tysons, Virginia that is designed LEED Silver
● In 2021, we continued our
multi-year replacement plan to install energy-efficient LED lighting (both exterior and interior) throughout our portfolio; we are replacing interior lighting at all of our properties with energy-efficient LED lights over a multi-year period as we
gain access to units during vacancy periods ● We have integrated both green and socially responsible supplier selection criteria where possible into our purchasing process
● We encourage the adoption
of renewable energy and seek to procure renewable energy contracts with utility providers
● In 2021, we performed a
portfolio-wide feasibility analysis of the installation of rooftop and carpark solar, which we will continue to evaluate in 2022 |
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● During construction, we reuse existing material when possible and use ultra-low or no VOC paint
● Since 2010, we have
invested $16.8 million to replace approximately 1,575 HVAC Roof Top Units, wall units, or heat pumps
● We employ optimum
start/stop programs to achieve temperature setbacks and increases during the night, weekends, and holidays
● We minimize building
envelope energy leaks by using environmentally safe sealant, tinting windows to maximize efficiency, and replacing the large majority of roofs with reflective cool roofs that may reduce energy consumption by up to 20%; since 2010,
we have invested $16.4 million to replace 76 roofs
● Since 2010, we have
invested $10.2 million to replace over 400 major HVAC components, such as chillers, cooling towers, and compressors, with high efficiency equipment
● We encourage environmental
practices, including energy, water, and resource conservation, among customers and suppliers by including environmental matters in business discussions and initiatives
Waste and Recycling
● We use trash compactors to
reduce recycling pickups and train staff on facility protocols that simplify and maximize waste segregation and safe disposal, including the safe disposal of electronics
● We reduce the use of
single-purpose plastic at our facilities by purchasing reusable water bottles for each of our employees, eliminating consumption of over 25,000 plastic water bottles at our properties annually
● We reduce water consumption
with efficient low flow and motion sensor plumbing devices, efficient irrigation systems, conversion of retention ponds to ecofriendly environments, and drought-tolerant and native landscaping
● In 2021 we submitted our
second annual Global Real Estate Sustainability Benchmarking (GRESB) survey, achieving a survey score 17.1% higher than our inaugural submission in 2020 |