Wells Real Estate Funds

Norcross, Georgia

ENERGY STAR Partner of the Year - Energy Management

Wells Real Estate Funds

Wells Real Estate Funds is a nationwide purchaser and manager of Class A commercial real estate. As of year-end 2012, Wells Real Estate Funds owned and/or managed approximately 120 office properties, encompassing nearly 26 million square feet. The majority of these assets were part of the Wells REIT II portfolio, now Columbia Property Trust. Wells Real Estate Funds is receiving ENERGY STAR Partner of the Year recognition for the continued expansion of its energy management program, including active communication and engagement of property managers and tenants on energy efficiency. Key 2012 accomplishments include: 

  • Increasing portfolio-wide energy efficiency by 8.8 percent through 75 energy improvement projects, saving nearly $3.5 million, which equates to a savings of 13 cents per square foot across its benchmarked portfolio.
  • Achieving its greatest participation of properties benchmarking, with 83 percent of properties entered in Portfolio Manager, a significant achievement given that nearly half of the properties are leased to triple-net tenants. 
  • Implementing the Make an Impact Green Rally to encourage property managers to proactively share their tenant engagement and energy efficiency efforts with the home office. In this race car-themed competition, pit crews earn points for activities that support energy performance goals, such as adding a triple-net lease tenant to Portfolio Manager or hosting green-themed events for its tenants, with the winning pit crew earning the Trophy Cup.
  • Improving portfolio-wide energy efficiency by 30 percent since joining as an ENERGY STAR Partner in 2008. 
  • Earning ENERGY STAR certification for 65 properties, including 10 new certifications, and achieving Leaders Top Performer recognition.
  • Sharing ENERGY STAR success stories with key stakeholders, including tenants, financial reps, investors, and the general public.

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