Principal Real Estate Investors Achieves Gold Recognition as a 2020 Green Lease Leader
June 08, 2020 at 09:07 AM EDT
Principal Real Estate Investors has been honored as a 2020 Green Lease Leader, achieving Gold Recognition for the execution of its commitment to high performing and sustainable buildings.
Presented by the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance, the Green Lease Leaders program acknowledges landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost savings, indoor air quality, and sustainability in buildings. Recipients must meet minimum criteria to be honored. Gold Recognition requires meeting two prerequisites and earning 5-out-of-6 possible credits for energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements and sustainability training. All designations are valid for three years.
Principal Real Estate Investors exhibited compliance and implementation with both prerequisites and all six credits to earn its second consecutive Gold designation after first being awarded in 2017.
“We are proud to have renewed our Green Lease Leader designation to effectively display our support for the upward trend toward green leases in commercial spaces,” said Jennifer McConkey, senior director of operations and sustainability for Principal Real Estate Investors. “This recognition is a testament to the collective efforts of our investment teams and property management partners who uphold our Pillars of Responsible Property Investing.”
To set the standard for a green lease – also known as a high-performance or energy-aligned lease – the IMT and DOE Better Buildings Alliance collaborated with an industry advisory group of leading-edge landlords, tenants, brokers, and other green leasing experts. Their guidance helped inform the basic lease requirements of the Green Lease Leader recognition program, which was launched in 2014.
This year’s Green Lease Leaders represent portfolios totaling more than one billion square feet and comprise a diverse range of buildings from large and small commercial offices to industrial buildings to data centers. Learn more about green leasing by visiting GreenLeaseLeaders.com.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $78.9 billion in commercial real estate assets (as of March 31, 2020). The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
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