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Kennedy Associates

Seattle, Washington

ENERGY STAR Partner of the Year

Kennedy Associates is a full-service real estate investment advisor, managing more than $7 billion of office, industrial, multi-family, retail, and hospitality properties for select institutional clients, including the Multi-Employer Property Trust, public and corporate pension funds, university endowments, and sovereign wealth funds. Kennedy, a leader in Responsible Property Investing, is receiving ENERGY STAR recognition for key accomplishments including:

  • Benchmarking all eligible office buildings and warehouses every month, including 92 office buildings and 61 warehouse buildings representing 22 million square feet, and initiating a multi-family benchmarking program.
  • Achieving an average energy performance score of 77 while earning the ENERGY STAR for almost 50 percent of its benchmarked portfolio representing nearly 11 million square feet and approximately $1.6 billion in market value.
  • Meeting the ENERGY STAR Challenge by reducing energy use by 10 percent, including a 6 percent reduction in 2009, resulting in an estimated $2.4 million in energy savings. 
  • Partnering with BetterBricks, the commercial initiative of the Northwest Energy Efficiency Alliance, to create and pilot a Sustainable Tenant Improvement Guide to increase the sustainability of its office portfolio in concert with its "Green Lease."
  • Developing training toolkits, monitoring dashboards, and education modules to help asset and property managers monitor, analyze, and report on ENERGY STAR benchmarking activities and energy efficiency improvements. 
  • Implementing a policy requiring the use of ENERGY STAR qualified appliances in multi-family units.