This report defines responsible property investing (RPI) as including facets such as investing in ENERGY STAR certified properties, transit-oriented development, and redevelopment areas. It shows that investors could have purchased a portfolio consisting solely of RPI office properties over the past 10 years and had performance that was better, at less risk, than a portfolio of properties without RPI features. The paper then breaks down the ways that various RPI features impact income, property values, capitalization rates, price appreciation and total returns.

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This report from the Northwest Energy Efficiency Alliance (NEEA) documents commercial building retrofit, renovation, and upgrade projects that have demonstrated or predicted performance of 30% or better than the average for comparable buildings. These profiles explore successful approaches to deep savings and energy performance, owner motivation and areas of innovation in order to accelerate market adoption of energy efficient retrofits. This work is part one of a three-phase project to develop case studies that demonstrate deep energy savings.

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This white paper from the Green Building Finance Consortium examines the untapped energy efficiency potential held by commercial buildings in the state of California. It analyzes obstacles to achieving widespread adoption of building efficiencies and explores approaches to removing these barriers.

This report from Maastricht University discusses the effects of the sustainability of commercial properties on their operating and stock performance. Investors considering incorporating the environmental performance of a building into investment decisions may benefit from this report. Using a sample of U.S. Real Estate Investment Trusts (REITs), the report estimates that an REIT's sustainability is positively related to return on assets, return on equity, and the ration of funds from operations to total revenue.

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This report from the Green Building Finance Consortium demonstrates that investing in energy efficiency enhances value in your real estate portfolios. This report takes a look at the growing demand for more efficient buildings, sales prices, lease rates and occupancy rates. It also provides real estate investors with academic and industry research, key steps, and best practices for integrating energy efficiency across your portfolios.

This paper from the Institute of Business and Economic Research explores the effect that sustainability improvements in buildings have on the economy. The paper discusses the measurements and data sources documenting the energy efficiency of U.S. buildings, analyzes short-run price dynamics based on a panel of green commercial buildings, and presents new evidence on the economic returns to the investments in green buildings.

This paper from Maastricht University compares certified green buildings with nearby buildings and determines that buildings with green ratings command substantially higher rents and selling prices than otherwise comparable buildings. According to researchers, ENERGY STAR certified buildings command a rental premium of about 3%, have higher occupancy, and bring in a 16% premium on selling prices.

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According to this landmark study by McKinsey & Company, energy efficiency is a huge untapped energy resource in the United States. How big? They estimate the country could reduce greenhouse gas emissions by 23 percent through cost-effective investments in energy efficiency. This is like taking the entire U.S. fleet of passenger vehicles and light trucks off the roads. The study also highlights the important role benchmarking plays in unlocking the barriers to efficiency.

This paper from Duke University focuses primarily on the development of an updated ENERGY STAR industrial Energy Performance Indicator (EPI) for the cement industry and the change in the energy performance of the industry observed when the benchmarking system was updated from the original benchmark in 1997 to the new benchmark in 2008.

Read this report from New York City to learn about its benchmarking ordinance, which requires all large buildings in the city to measure and disclose energy consumption annually. This report is the first analysis of New York City benchmarking data and provides comprehensive recommendations to improve the quality of energy benchmarking and the ease of compliance for building owners.