CalPERS’s Real Estate Porfolio Data Expands Center’s Benchmarking Program for Energy-Efficient Building Practices
For more information, contact Trish Riggs at 202-624-7086.
WASHINGTON (October 4, 2012) – The Urban Land Institute (ULI) Greenprint Center for Building Performance, a worldwide alliance of leading real estate owners, investors and financial institutions committed to reducing energy use and carbon emissions across the global property industry, has announced the addition of the California Public Employees’ Retirement System (CalPERS) as a new member.
CalPERS, the nation’s largest public pension fund, has assets of over $239.8 billion, including $22.2 billion in real estate assets (as of August 28, 2012). Its real estate portfolio investments include apartment, industrial, office and retail properties. Data from CalPERS’s real estate portfolio investments will be part of Greenprint’s benchmarking program, which measures the energy consumption and carbon emissions of individual buildings and property portfolios. In addition to becoming a member, CalPERS will take a seat on Greenprint’s advisory board.
“I am pleased to announce that CalPERS has become a member of Greenprint and will begin using Greenprint’s Carbon Index to calculate energy usage and carbon footprint in the core real estate portfolio,” Theodore Eliopoulos, Senior Investment Officer for Real Assets at CalPERS stated. “CalPERS and our core managers will work with Greenprint to identify opportunities to reduce energy usage and operating costs as part of our overall effort towards more sustainable investments.”
As part of the membership agreement, CalPERS’s external real estate management firms Commonwealth Pacific, First Washington Realty, GI Partners, General Investment and Development Advisors, Inc. and Miller Capital Advisory, Inc. are also joining Greenprint. RREEF, also an external real estate manager for CalPERS, is an existing Greenprint member.
“The addition of CalPERS and their core real estate managers as members of the ULI Greenprint Center is a very significant step forward for the initiative, as it represents our first direct relationship with a public pension fund,” said Greenprint Chairman Charles Leitner, III.
CalPERS joins existing Greenprint members Aetos Capital; AvalonBay; Beacon Capital Partners; BlackRock; Blackstone Group; Equity Office Properties; GE Capital Real Estate; GLL Real Estate Partners; Grosvenor; Hines; Jones Lang LaSalle; LaSalle Investment Management; Paramount Group; PATRIZIA Immobilien; Prologis; Prudential Real Estate Investors; RREEF, a member of the Deutsche Bank Group; Silverstein Properties; Sonae Sierra; Thomas Properties Group; TIAA-CREF; and UDR, Inc.
About the ULI Greenprint Center for Building Performance
The ULI Greenprint Center’s mission is to lead the global real estate industry towards improved environmental performance, focusing on energy efficiency and reduced carbon emissions. Greenprint is a member-driven organization that achieves its goals through measurement, action and education. The Greenprint Foundation, founded in 2009, was acquired by ULI in 2012 to form the ULI Greenprint Center for Building Performance.
Greenprint’s flagship product is the Greenprint Performance Report™. The international scope and size of the report makes it one of the real estate industry’s largest, most transparent and comprehensive environmental benchmark. The report is a consolidated view of participating properties, detailing their energy, water and waste performance by geography and asset class. For additional information, visit www.greenprintfoundation.org.
About the Urban Land Institute
The Urban Land Institute (uli.org) is a nonprofit education and research institute supported by its members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Established in 1936, the Institute has nearly 30,000 members representing all aspects of land use and development disciplines.