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
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.
Multifamily Housing | Dec 4, 2019
9 tips on creating places of respite and reflection
We talked to six veteran landscape architects about how to incorporate gardens and quiet spaces into multifamily communities.
| Nov 20, 2019
ClosetMaid to celebrate 55 years in business at the 2020 NAHB International Builders Show
Company to celebrate 55 years in storage and organization with a visit by celebrity guest Anthony Carrino.
Multifamily Housing | Nov 20, 2019
Over 400 micro units spread across two communities under development in Austin
Transwestern is developing the projects.
Multifamily Housing | Nov 14, 2019
U.S. multifamily market stays strong into 4th quarter 2019
October performance sets a record amid rising political pressure to cap rent growth, reports Yardi Matrix.
Multifamily Housing | Nov 8, 2019
The Peloton Wars, Part III - More alternatives for apartment building owners
ProForm Studio Bike Pro review.
Multifamily Housing | Nov 7, 2019
Multifamily construction market remains strong heading into 2020
Fewer than one in 10 AEC firms doing multifamily work reported a decrease in proposal activity in Q3 2019, according to a PSMJ report.
