LOS ANGELES--(BUSINESS WIRE)--
Kilroy Realty Corporation(NYSE: KRC) announced today that
it has once again been named the North American leader in sustainability
by GRESB. GRESB is widely recognized as the most rigorous standard for
measuring the sustainability performance of real estate companies and
funds, and GRESB participation has become standard practice for most of
the world’s fund managers and listed property companies. GRESB ranked
KRC first among 155 North American participants across all asset types
and fifth worldwide out of 707 total participants.
“It is a real honor to be named the North American real estate leader in
sustainability by GRESB for the second year in a row,” said John Kilroy,
KRC’s Chairman, President and Chief Executive Officer. “This second
designation underscores our continuing effort to be a leader in the
sustainability performance of real estate.”
GRESB also gave KRC its Regional Sector Leader designation for ranking
first among all North American office participants. KRC also earned this
designation in 2014.
“A commitment to sustainability is the foundation of everything we do at
KRC. We are thrilled to again be named the top real estate landlord in
North America by GRESB, as well as Regional Sector Leader. It once again
demonstrates how committed every member of the KRC team is to
sustainability,” says Sara Neff, Vice President of Sustainability at KRC.
GRESB uses environmental, social and governance performance indicators
to assess the sustainability performance of real estate companies. More
than 50 institutional investors, representing $6.1 trillion of capital,
use the GRESB results throughout the investment management and
engagement process to optimize the risk/return profile of their real
estate investments.
About GRESB. GRESB is an industry-driven organization
committed to assessing the sustainability performance of real estate
portfolios (public, private and direct) around the globe. The dynamic
benchmark is used by institutional investors to engage with their
investments with the aim to improve the sustainability performance of
their investment portfolio, and the global property sector at large.
The 2015 GRESB Report is based on sustainability data gathered from over
700 property companies and funds.
About Kilroy Realty Corporation. With more than 65 years’
experience owning, developing, acquiring and managing real estate assets
in West Coast real estate markets, Kilroy Realty Corporation (KRC), a
publicly traded real estate investment trust and member of the S&P
MidCap 400 Index, is one of the region’s premier landlords. The company
provides physical work environments that foster creativity and
productivity and serves a broad roster of dynamic, innovation-driven
tenants, including technology, entertainment, digital media and health
care companies.
At June 30, 2015, the company’s stabilized portfolio totaled
13.1 million square feet of office properties, all located in the
coastal regions of greater Seattle, the San Francisco Bay Area, Los
Angeles, Orange County and San Diego. The company is recognized by GRESB
as the North American leader in sustainability and was ranked first
among 155 North American participants across all asset types. At the end
of the second quarter, the company’s properties were 45% LEED certified
and 60% of eligible properties were ENERGY STAR certified. In addition,
KRC had approximately 2.4 million square feet of office and mixed-use
development under construction with a total estimated investment of
approximately $1.5 billion. More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements are based
on our current expectations, beliefs and assumptions, and are not
guarantees of future performance. Forward-looking statements are
inherently subject to uncertainties, risks, changes in circumstances,
trends and factors that are difficult to predict, many of which are
outside of our control. Accordingly, actual performance, results and
events may vary materially from those indicated in forward-looking
statements, and you should not rely on forward-looking statements as
predictions of future performance, results or events. Numerous factors
could cause actual future performance, results and events to differ
materially from those indicated in forward-looking statements,
including, among others, risks associated with: investment in real
estate assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and rental
rates of properties; the ability to successfully complete acquisitions
and dispositions on announced terms; the ability to successfully operate
acquired properties; the availability of cash for distribution and debt
service and exposure of risk of default under debt obligations; adverse
changes to, or implementations of, applicable laws, regulations or
legislation; and the ability to successfully complete development and
redevelopment projects on schedule and within budgeted amounts. These
factors are not exhaustive. For a discussion of additional factors that
could materially adversely affect our business and financial
performance, see the factors included under the caption “Risk Factors”
in our annual report on Form 10-K for the year ended December 31, 2014
and our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on information that was available,
and speak only as of the date on which they are made. We assume no
obligation to update any forward-looking statement made in this press
release that becomes untrue because of subsequent events, new
information or otherwise, except to the extent required in connection
with ongoing requirements under U.S. securities laws.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150903006292/en/
Kilroy Realty Corporation
Sara Neff
Vice President,
Sustainability
310-481-8449
sneff@kilroyrealty.com
Source: Kilroy Realty Corporation