New York, New York
Partner of the Year - Sustained Excellence
TIAA is one of the largest institutional real estate investors in the United States. TIAA’s investments include 29 million square feet of Class A office space, more than 16,600 multifamily units, and 3.4 million square feet of retail properties. TIAA is committed to achieving property-level energy goals annually, and has set a portfolio-wide goal to reduce its energy consumption by 20 percent by 2020. TIAA is receiving ENERGY STAR® Partner of the Year—Sustained Excellence recognition for its continued dedication to superior energy management across its portfolio. Key 2015 accomplishments include:
- Achieving its portfolio-wide goal of reducing energy consumption by 20 percent from a 2007 baseline period.
- Benchmarking the energy and water use of 100 percent of its office, multifamily, and wholly-owned retail portfolios in ENERGY STAR Portfolio Manager®, with an average score of 83 for eligible properties, representing 142 buildings across more than 39 million square feet.
- Increasing the number of multifamily properties earning the ENERGY STAR by certifying six properties in 2015.
- Identifying more than 550 energy efficiency projects for wholly-owned assets, with an estimated annual savings of over 34 million kilowatt hours, representing a 5.2-percent reduction in portfolio-wide energy use.