REITs across a range of property types were named as gold and silver 2021 Green Lease Leaders by the Institute for Market Transformation (IMT) and the Department of Energy’s (DOE) Better Buildings Alliance.
Lotte Schlegel, executive director at IMT, said the leaders are “setting an important example of business practices that scale up building decarbonization while improving landlord-tenant relationships, business outcomes, and economic growth.”
Maria Vargas, senior program advisor at DOE and director of the Better Buildings Initiative, noted that green lease leaders set “an industry standard for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost savings, improved air quality, and sustainability in buildings.”
REITs named to the Gold Recognition-Landlord category include:
Columbia Property Trust, Inc. (NYSE: CXP); Digital Realty (NYSE: DLR); Diversified Healthcare Trust (Nasdaq: DHC); Empire State Realty Trust, Inc. (NYSE: ESRT); Federal Realty Investment Trust (NYSE: FRT); the data center operations of Iron Mountain Inc. (NYSE: IRM);JBG SMITH (NYSE: JBGS); Kimco Realty Corp. (NYSE: KIM); Kite Realty Group Trust (NYSE: KRG); Prologis, Inc. (NYSE: PLD); RPT Realty (NYSE: RPT); and Weingarten Realty (NYSE: WRI).
REITs named to the Silver Recognition-Landlord category include:
Rexford Industrial Realty, Inc . (NYSE: REXR) and SITE Centers Corp. (NYSE: SITC).