TA Realty Selected as 2023 Green Lease Leader by the Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation
Boston, MA, April 25, 2023 – TA Realty LLC, a provider of real estate investment management services to U.S. and non-U.S. institutional investors, is pleased to announce that the U.S. Department of Energy’s (DOE) Better Buildings Alliance and the Institute for Market Transformation (IMT) named the firm a 2023 Green Lease Leader at the Better Buildings, Better Plants Summit. Launched in 2014, Green Lease Leaders sets standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality improvement, and sustainability in buildings.
TA Realty has achieved SILVER recognition for executing a Green Lease. To receive this recognition, TA Realty qualified for credits in energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements and sustainability training.
“We are honored to once again be recognized by the Better Buildings Alliance and IMT for our ongoing efforts to advance sustainability initiatives across our portfolio in an effort to achieve our long-term goal of becoming Net Zero Carbon,” said Anne Peck, Vice President, Head of ESG+R for TA Realty. “We are committed to offering our tenants solutions that help them achieve their ESG+R goals, and green leases are proven to be mutually beneficial in this regard.”
TA Realty is proud to be part of the national trend toward green leases in commercial spaces. This year the program expanded by 31%, including 34 new winners. Additionally, six companies earned Platinum recognition, achieving even more stringent requirements. The overall program growth reflects a wide acceptance that green leases are a critical tool for improving buildings and meeting corporate environmental and social goals. This year’s Green Lease Leaders represent portfolios totaling over three billion square feet (sq. ft.) and comprise a diverse range of buildings from large and small commercial offices to data centers and industrial and multifamily buildings. The cumulative floor area of all Green Lease Leaders is now nearly 6.5 billion sq. ft. of building space.
IMT estimates that green leases can help reduce utility bills by up to approximately 50 cents per square foot (22 percent) in U.S. office buildings alone. If all leased office buildings executed green leases, the market could reap over $3 billion in annual cost savings.
About TA Realty
TA Realty is among the largest and most experienced providers of real estate investment management services to U.S. and non-U.S. institutional investors. Since its inception in 1982, TA Realty has acquired, invested and/or managed $39.6 billion of real estate assets through core, core plus and value-add strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management, and seek to achieve long-term value creation. For four decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations, and high-net-worth individuals. For more information, please visit www.tarealty.com.