Smart Investing Toward an Environmentally Sound Future
Prudential Real Estate Investors, the real estate investment management business of Prudential Financial, owns or manages more than 18 million square feet of LEED-certified (Leadership in Energy and Environmental Design) space in the U.S., representing nearly $6 billion in gross market value. PREI® also maintains ENERGY STAR Portfolio Manager accounts for more than 320 buildings. Using information from hundreds of environmental assessments performed across its portfolios, PREI has created Sustainable Standard Operating Guidelines to improve operational performance, which have been adopted for use in Europe, Latin America and Asia.
Some of the buildings include:
- Crystal Tower, Amsterdam, Holland. Crystal Tower is approximately 265,000 square feet and part of a 25-building, 13-country study, where, in aggregate, we reduced the average energy intensity by 27.8% and reduced emissions by 12.5%.
- Coca-Cola Place, Sydney, Australia. Completed in 2010, Coca-Cola Place is a 300,000-square-foot office building that earned a “6-Star Green Star Office Design” and “As Built Rating” from the Green Building Council of Australia. It also has earned the highest possible 5-Star rating from the National Australian Built Environment Rating System.
- One Montgomery Tower, San Francisco, Calif. This 716,000-square-foot high rise in San Francisco has Electrical Vehicle Charging Stations and is LEED Gold Certified.
The values of sustainability, resource conservation and climate change mitigation drive PREI® to provide environmental and financial benefits to its investors, partners and tenants. Learn more about PREI’s objectives, goals, and strategies.
Read more about ways PREI improves the environmental performance of its portfolios as told by David DeVos, vice president, global director of Sustainability at PREI.