Forest City Recognized as 2015 Green Lease Leader
CLEVELAND, May 28, 2015 /3BL Media/ – Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it was recently named a 2015 Green Lease Leader by the Institute for Market Transformation and the Department of Energy’s Better Buildings Alliance.
Recognition as a Green Lease Leader certifies that a company has successfully executed multiple leases with green lease language, which includes such things as energy efficiency standards and sustainable operations and maintenance provisions. The designation and seal demonstrate a strong commitment to building and operating more efficient, higher-performing buildings.
“Being recognized as a Green Lease Leader further bolsters our sustainability profile,” said Jill Ziegler, director of Sustainability and Corporate Responsibility. “It’s great to be recognized for our efforts.”
The implementation of green leasing strategies aligns with Forest City’s broader corporate social responsibility and sustainability goals.
“Green leases lay the foundation for sustainability best practices that prove mutually beneficial to tenants and landlords,” Ziegler said. “Aligning each tenant’s sustainability goals with our own at the outset of a relationship is critical.”
Applications for Green Lease Leader consideration were reviewed and scored by a panel of green leasing experts, according to a point system, with points earned from executed leases, a short narrative and supporting documents.
Forest City was recognized for the green leasing strategies incorporated in the leases for its office portfolio during the DOE’s Better Buildings Alliance Summit, which is taking place this week in Washington, D.C.
The Green Lease Leaders program is moving the field of green leasing forward by setting standards for what constitutes a green lease and recognizing leaders in the green leasing field. Green Lease Leaders must submit renewal reports every two years to maintain certification.
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $8.8 billion in total assets. The company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate throughout the United States. For more information, visit www.forestcity.net. The company publically reports its sustainability goals and performance, along with a wide range of other metrics and activities, annually in a Corporate Social Responsibility report, available at http://csr.forestcity.net.
