EPA Names Brandywine Realty Trust 2013 ENERGY STAR(R) Partner Of The Year Brandywine Realty Trust Earns Award for Superior Energy Efficiency While Protecting the Environment
RADNOR, Pa., March 11, 2013 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that The U.S. Environmental Protection Agency (EPA) has recognized the Company as a 2013 ENERGY STAR Partner of the Year for strategically managing and improving the energy efficiency of its entire portfolio. Through its partnership with the ENERGY STAR program, Brandywine Realty Trust has improved its energy performance, reduced consumption, saved money, and helped to protect the environment for future generations.
"Managing our energy use in partnership with the ENERGY STAR program has helped us and our tenants who ultimately pay for their energy consumption reduce their costs significantly," said George Johnstone, Senior Vice President of Operations of Brandywine Realty Trust. "Making Brandywine's 34.6 million square foot portfolio more energy efficient is one of the most effective ways for us to save our tenants real money while reducing consumption and overall pollution, and we are honored to be recognized by EPA for our efforts."
With a focus on ongoing performance measurement and whole-building improvement, EPA's ENERGY STAR program provides a proven energy management platform that has helped Brandywine Realty Trust achieve important reductions in energy use and greenhouse gas emissions.
Key accomplishments of Brandywine's award-winning energy management program include:
- 91 properties (15.8 million square feet) have earned the Energy Star Label
- 52.1% of the square footage in Brandywine's 221 owned properties has earned the Label at least once
- In aggregate, including re-certifications, Brandywine has earned 132 Labels for our owned and managed properties
- Labeled properties have an average Energy Star score of 81.7, translating to annual energy cost savings of more than $9 million, compared to general market costs if the buildings' average score was 50
- Avoiding an estimated 277.5 million kilograms of greenhouse gas emissions, equivalent to taking 199,000 cars off the road
"Superior energy management is our most cost-effective climate strategy and Brandywine Realty Trust continues to exemplify leadership in this category," said Bob Perciasepe, Acting Administrator, U.S. Environmental Protection Agency. "Brandywine Realty Trust's innovative practices provide a model for energy management in the places we work, shop, and play. These strategies help the bottom line and support the well-being of families across America by reducing pollution and protecting the environment."
EPA's annual ENERGY STAR Awards honor organizations that have made outstanding contributions to protecting the environment through superior energy efficiency. The award winners are selected from nearly 20,000 partners that participate in the ENERGY STAR program and will be recognized at an awards ceremony in Washington, D.C., on March 26, 2013. Over the last 20 years, with help from ENERGY STAR, American families and businesses have saved more than $230 billion on utility bills and prevented more than 1.8 billion metric tons of greenhouse gas emissions.
About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money, and help protect the environment for future generations. Nearly 20,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, and buildings. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).
About Brandywine Realty Trust
Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States. Organized as a real estate investment trust and operating in select markets, Brandywine owns, leases and manages an urban, town center and suburban office portfolio comprising 297 properties and 34.6 million square feet, including 221 properties and 25.1 million square feet owned on a consolidated basis and 57 properties and 7.0 million square feet in 19 unconsolidated real estate ventures all as of December 31, 2012. For more information, please visit www.brandywinerealty.com.
Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2012. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Brandywine Realty Trust