WashREIT says it has achieved certification on eight multifamily assets under BREEAM’s In-Use certification standard.
This is a significant milestone for both WashREIT and BREEAM, as it signifies the first set of multifamily assets to receive BREEAM certification in the U.S. WashREIT acquired the properties in 2019. They include a total of 2,390 units, spanning locations across Virginia and Maryland.
The company used BREEAM certification to bring these assets—most of which were built more than 30 years ago—to its sustainable standard. Half the properties certified earned a rating of “Very Good.”
“We’re focused on existing Class B assets, and historically, this asset class has lacked in sustainability investments. But residents and investors alike care about sustainability,” said Paul McDermott, president and CEO of WashREIT, in a news release. “As we work with BREEAM, our goal is to create opportunities for the industry and other operators to also find ways to invest in sustainable improvements and achieve ESG certifications for their assets.”
Related Stories
| Jan 19, 2020
Pioneer introduces new Lux-Flow showerhead
Pioneer Industries has launched the Pioneer Lux-Flow showerhead.
| Dec 18, 2019
Making contacts that lead to "true partnerships" is key to Student Housing ProCONNECT event for Pfister's Tracey Qualteri
Tracey Qualteri, Pfister Faucets, at Student Housing ProConnect in Denver, November 11 2019
Multifamily Housing | Dec 11, 2019
8 noteworthy multifamily projects to open in late 2019
From a prefab high-rise in Denver to a seaside village in Oxnard, Calif., these projects highlight the innovative multifamily developments to open their doors in late 2019.
Multifamily Housing | Dec 9, 2019
Student Housing ProCONNECT event draws developers, contractors, architects, and building product manufacturers to Denver
2½-day event connects attendees with vendors—and each other.
