Thomas Properties Group Inc. is a full-service real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. Since its founding in 1996, Thomas Properties Group Inc. has developed, restructured or acquired properties in the West Coast, Southwest and Mid-Atlantic regions of the United States. As of mid 2010 they oversee over 16,000,000 rentable square feet of class A office space. Thomas Properties Group Inc. has a sustainability mission to make a positive and profitable contribution toward a sustainable future. The company is striving to be a leader in the development and operation of high performance green buildings. Focusing on their product, customers and investors with the goals of (1) reduce operating expenses, (2) enhance marketability, (3) improve occupant productivity, (4) minimize environmental footprint, and (5) create platform value through (6) triple-bottom-line performance (people, profit, planet). Energy efficiency is an important element of the firm's business proposition. Energy efficiency, water conservation, waste management and greenhouse gas reductions demonstrate efficient operations and effective management. Partnering with ENERGY STAR has enabled Thomas Properties Group Inc. to improve our energy and sustainability goals by providing many valuable resources and ideas. Thomas Properties Group Inc. has also accepted BOMA's 7-Point Voluntary Challenge to reduce environmental impact.
Achieving an average ENERGY STAR rating of 87 for our entire 34 property portfolio shows the dedication to energy conservation that Thomas Properties Group Inc. has incorporated into its day to day operations and major capital improvement programs. All 34 properties are registered with the USGBC for LEED EB O&M Certification. With in the last year and a half we have certified 1 Platinum, 1 Gold and 1 Silver; with seven properties presently with applications for certification pending with the GBCI. Because of Thomas Properties Group Inc.'s long standing involvement with ENERGY STAR, its energy and water consumption improvements over the years have made the LEED process less expensive and less difficult. Replacing inefficient chillers, replacing or upgrading building automation systems, installing VFDs on major equipment, lighting retro fits, installing lighting motion detectors has helped one of our properties reduce energy usage by 11% and saving $249,604.37 just last year alone. Other Thomas Properties Group Inc. properties have done similar projects including wet sealing and rechaulking building exteriors and educating employees and tenants in ways to be more energy efficient, this has also reduced energy consumption and our overall Carbon Footprint. ENERGY STAR continues providing us with valuable tools to monitor and educational resources to assist us in our progress of reducing emissions and energy usage.