Commercial Property investors start tracking sustainability
U.S. Green Building Council LEED Certifications, and U.S. Environmental Protection Agency (EPA) Energy Star Certifications have been in development for nearly twenty years.
Forward-looking real estate investment trusts (REITs) are beginning to promote that their portfolios include LEED or Energy Star certified commercial and industrial properties (for example, without endorsement, Wells REIT II’s LEED Portfolio Grows to 25 and Health Care REIT’s Green Arrow Program).
The major institutional investors in commercial real property are beginning to take notice of sustainability. National Council of Real Estate Investment Fiduciaries, best known for its benchmark Property Index Returns, is now collecting Energy Star and LEED information for properties owned by its investor/members.