After the U.S. Department of Energy halted its Energy Star program for medical office buildings in 2013, real estate investment trust Welltower developed its own proprietary system to evaluate total building performance.
The company’s Green Arrow Building Certification (GABC) program measures energy, water, waste, indoor air quality, and innovation. Over 230 properties in the U.S., Canada, and the U.K. participate in the program each year, with115 properties achieving certification.
The GABC program has helped identify areas of improvement and items in need of corrections. Most properties have seen a 1%-12% reduction in energy use as a result of the program. Energy, water, and waste usage are tracked monthly, and reports are sent to all real estate managers and engineers for review. Any buildings with an increased usage of 5% or more must be reviewed for probable causes to explain variances.
Welltower contracted with a third-party energy consultant to develop the program. Green Arrow was based on the foundation of both Energy Star certification and the Global Real Estate Sustainability Benchmark (GRESB).
Related Stories
Codes and Standards | Feb 14, 2019
ISO publishes first global BIM standards
Based on British standard and a publicly available standard.
Codes and Standards | Feb 12, 2019
Property technology adoption accelerates in commercial real estate industry
New business models create disintermediation.
Codes and Standards | Feb 11, 2019
Investing in downtowns pays off for cities, regions
Benefits include driving tax revenue, business activity, and smart development.
Codes and Standards | Feb 8, 2019
Oslo, Norway’s downtown goes virtually car-free
Parking spots converted to bike lanes, transit is fast and easy.
Codes and Standards | Feb 7, 2019
New North Carolina energy code has extensive lighting control requirements
Includes automatic shut offs for buildings of all sizes.
Codes and Standards | Feb 6, 2019
Solar carports can help with California’s Title 24 mandates
Can be combined with virtual net-metering software and tax-enabled financing.
Codes and Standards | Feb 5, 2019
Milwaukee board approves rezoning for Western Hemisphere’s tallest mass timber building
Mixed-use tower would rise 21 stories high.
Codes and Standards | Feb 1, 2019
Mass. governor proposes real estate transfer fee hike for climate resiliency projects
Opposed by real estate and trade groups, plan could generate $1 billion in next decade.
Codes and Standards | Jan 31, 2019
New York City will reform construction bid process
Streamlined process intended to improve efficiency, reduce hassle for bidders.
Codes and Standards | Jan 30, 2019
New AGC program aims to diversify construction workforce
More diversity needed to keep pace with demand for workers.