Union at South Lake Union (Municipal Benchmarking Account
905 Dexter Ave North
Seattle, WA 98109
Constructed in 2012 and located within the South Lake Union neighborhood in Seattle, Wash., the Union at South Lake Union is a 285-unit, Leadership in Energy & Environmental Design (LEED) Silver certified multifamily community. The property is owned by Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA) and managed by Pinnacle Property Management. In June 2015, after the property was acquired by TIAA, the property management team at the Union at South Lake Union began monitoring the energy performance of the common areas using EPA’s ENERGY STAR® Portfolio Manager®. The team actively works to ensure energy efficient building operations, which has led to superior energy performance.
Notable energy-efficient elements installed at the property include fluorescent lighting, occupancy sensor controls, and programmable thermostats to optimize common area temperature settings.
TIAA is an eight-time ENERGY STAR Partner of the Year award winner whose Global Real Estate Sustainability Initiative (GRESI) reflects the firm’s strong commitment to sustainability and energy efficiency. The GRESI is a portfolio-wide initiative that sets goals for strategic energy management, emphasizes operational excellence and continual improvement, and acts as an expanded fiduciary framework to better serve the needs of clients, investors, tenants, and communities. More information on GRESI can be found in TIAA’s annual report, accessible at https://www.tiaa-cref.org/public/pdf/sri_2014_report.pdf.
Pinnacle Property Management maintains a strong emphasis on sustainability in its management approach. At the Union at South Lake Union, Pinnacle Property Management strives to implement energy-efficient upgrades and sustainability initiatives to improve residents’ quality of life and provide increased value for residents and property owners.
“As one of the world’s leading real estate investors, TIAA has been able to influence the sustainability characteristics of hundreds of properties. By emphasizing long term value creation, we believe that we can deliver sustainability alongside robust, long-term investment returns.”-- Nicholas Stolatis, Senior Director, TIAA
Please note: Narrative information in this profile has been provided by TIAA-CREF or a representative of this facility. Other building information was verified and submitted to EPA at the time of application. Building energy performance, operating characteristics, and ownership/management may be subject to change over time.
Year(s) Labeled (Rating):
Facility Type: Multifamily Housing
Total Floorspace: 259105 sf
Year Constructed: 2012
Contract Type: None