RADNOR, Pa., April 16, 2014 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that The U.S. Environmental Protection Agency (EPA) has recognized the Company as a 2014 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.
"We are honored to be recognized for the second consecutive year as an ENERGY STAR Partner of the Year," said George Johnstone, Executive Vice President - Operations of Brandywine Realty Trust. "Our property management and engineering teams remain diligent and focused on making our portfolio more energy efficient. These efforts led to 25 new ENERGY STAR Labels and 49 re-certification Labels in 2013."
With a focus on ongoing performance measurement and whole-building improvement, EPA's ENERGY STAR program provides a proven energy management strategy 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:
- 119 properties (19.3 million square feet) have earned the ENERGY STAR Label
- 63.3% of the square footage in Brandywine's 264 owned and managed properties has earned the Label at least once
- In aggregate, including re-certifications, Brandywine has earned 242 Labels in the past 3 years for our owned and managed properties
"Innovative strategies in energy management are some of the most cost-effective ways to improve the bottom line in the places we work, shop, and play," said EPA Deputy Administrator Bob Perciasepe. "Brandywine Realty Trust's leadership in energy management supports the well-being of American families and businesses while also fighting climate change."
The 2014 Partner of the Year Awards are given to a variety of organizations to recognize their contributions to reducing greenhouse gas emissions through superior energy efficiency. The award winners are selected from the 16,000 partners that participate in the ENERGY STAR program and will be recognized in Washington, D.C., on April 29, 2014.
Through 2013, with help from ENERGY STAR, American families and businesses have saved $297 billion on utility bills and prevented more than 2.1 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. 16,000 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 282 properties and 32.9 million square feet, including 204 properties and 24.8 million square feet owned on a consolidated basis and 60 properties and 5.7 million square feet in 17 unconsolidated real estate ventures all as of December 31, 2013. 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, 2013. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Brandywine Realty Trust