Matthew Praske, energy and sustainability manager at Washington REIT (NYSE: WRE), joined REIT.com for a video interview at NAREIT’s 2017 Leader in the Light Working Forum at the Hilton Austin in Austin, Texas.
Focused exclusively in the Washington, D.C., metro region, Washington REIT owns and operates a portfolio of office, retail and multifamily real estate.
Praske addressed the importance of setting benchmarks for sustainability initiatives. He noted that Washington REIT benchmarks itself against its peers both informally and through formal methods, such as the Global Real Estate Sustainability Benchmark (GRESB).
Praske also highlighted the success of Washington REIT’s partnership with energy intelligence software company EnerNOC. With EnerNOC’s metering in place throughout the majority of the portfolio, Washington REIT can monitor energy consumption in real-time. That data is then used by property teams to set benchmarks for each building, Praske said. Efficiency gains made throughout the portfolio saved the company $400,000 during 2016, he noted.