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.
Bruce Cahan
Bruce Cahan is CEO and co-founder of Urban Logic, a nonprofit that harnesses finance and technology to change how systems think, act and feel. He is an Ashoka Fellow, aa Lecturer at Stanford University's Department of Management Science & Engineering, a Distinguished Scholar at Stanford mediaX and a former CodeX Fellow at Stanford's Center for Legal Informatics. Bruce was trained as an international finance lawyer at Weil Gotshal & Manges in NYC (10 years) and as merchant banker at Asian Oceanic in Hong Kong (2 years). Bruce graduated The Wharton School at the University of Pennsylvania (B.S. Economics 1976) and Temple Law School (J.D. 1979). Bruce has been licensed to practice law in California (2006), New York (1980) and Pennsylvania (1980).
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