LOS ANGELES--(BUSINESS WIRE)--
Kilroy Realty Corporation(NYSE: KRC) announced today that
for the third time it has 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 178 North American participants
across all asset types and 7th worldwide out of 759 total participants.
“We are deeply honored to be recognized as the leading North American
company on sustainability for the third year in a row. For many years we
have demonstrated that a true commitment to sustainability benefits our
employees, tenants and investors. Our dedication to environmental
operations and development is stronger than ever,” said John Kilroy,
KRC’s Chairman, President and Chief Executive Officer.
GRESB also again gave KRC its Regional Sector Leader designation for
ranking first among all North American office participants. KRC also
earned this designation in 2014 and 2015.
“Pushing the envelope on sustainability is standard business practice
for everyone at KRC. We know that we share this recognition with our
tenants and investors, without which we would not have achieved this for
three straight years,” says Sara Neff, Senior Vice President of
Sustainability at KRC.
GRESB uses environmental, social and governance performance indicators
to assess the sustainability performance of real estate companies. 58
institutional investors, representing US $7.6 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 2016 GRESB Report is based on sustainability data gathered from 759
property companies and funds.
About Kilroy Realty Corporation. With almost 70 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, 2016, the company’s stabilized portfolio totaled
13.7 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 47% LEED certified
and 71% of eligible properties were ENERGY STAR certified. In addition,
KRC had one office project totaling approximately 700,000 square feet
under construction, two office projects in lease-up totaling
approximately 430,000 square feet and a 200-unit residential tower in
lease-up. More information is available at http://www.kilroyrealty.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160907006784/en/
Kilroy Realty Corporation
Sara Neff
Senior Vice President,
Sustainability
310-481-8449
sneff@kilroyrealty.com
or
Michelle
Ngo
Senior Vice President and Treasurer
310-481-8581
Source: Kilroy Realty Corporation