SAN ANTONIO, April 25, 2014 /PRNewswire/ -- The United States Environmental Protection Agency (EPA) has recognized USAA Real Estate Company with a 2014 ENERGY STAR Partner of the Year Sustained Excellence Award for its continued environmental leadership. The company's accomplishments will be recognized in Washington, D.C. on April 29, 2014.
USAA Real Estate Company, an ENERGY STAR partner since 2000, saved over $1.8 million in 2013, increasing asset value by more than $25.0 million, driven by reductions in water consumption of 7.64 percent and overall energy consumption of 3.50 percent. The average ENERGY STAR rating for USAA's portfolio is an 85, up over 77 percent (from a 48) since 2000, and reflects the overall real estate portfolio efficiency gain from the strong partnership with ENERGY STAR. This recognition marks USAA Real Estate Company's 12th straight ENERGY STAR Partner of the Year recognition, the most by any real estate company.
"USAA Real Estate Company is honored to receive this award," said Len O'Donnell, chief executive officer of USAA Real Estate Company. "We are committed to our partnership with ENERGY STAR, and dedicated to increasing energy efficiency in our real estate portfolio, which helps reduce greenhouse gas emissions and protect the environment."
Across the United States, top companies and organizations are leading the way toward a more energy-efficient future through their participation in ENERGY STAR.
Through 2013, with help from ENERGY STAR, American families and businesses have saved $297.0 billion on utility bills and prevented more than 2.1 billion metric tons of greenhouse gas emissions.
"USAA Real Estate Company has earned EPA's highest ENERGY STAR award – the 2014 Partner of the Year Sustained Excellence Award – because of their unwavering commitment to helping consumers become increasingly more energy efficient," said EPA Deputy Administrator Bob Perciasepe.
The 2014 Partner of the Year Sustained Excellence Awards are given to a variety of organizations to recognize their long term contributions to reducing greenhouse gas emissions through superior energy efficiency. These winners have reduced greenhouse gas emissions by setting and achieving aggressive goals and employing innovative energy-efficiency approaches. These awards recognize ongoing leadership across the ENERGY STAR program, including the use of energy-efficient products, services, new homes and buildings in the commercial, industrial and public sectors. Award winners are selected from the 16,000 organizations that participate in the ENERGY STAR program.
About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.
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).
SOURCE USAA Real Estate Company