December 2014 | Santa Monica, CA - The National Association of Real Estate Investment Trusts (NAREIT) has recognized Macerich as the retail property sector's leader in the area of sustainability. Macerich was awarded the 'NAREIT Leader in the Light Award' (LitL) in addition to being designated a Global Real Estate Sustainability Benchmark (GRESB) Green Star, an important measure of sustainability performance for real estate portfolios around the world.
''The recent LitL award and GRESB Green Star status demonstrate Macerich's ceaseless commitment towards sustainability. We value the support RealFoundations provided us in successfully completing the GRESB survey. Our partnership with RF has helped us consistently reduce environmental impact and improve environmental performance across our portfolio over the last six years,'' said Jeff Bedell, VP of Sustainability at Macerich.
''We congratulate Macerich for this recognition. Our team is proud to have played a role in Macerich's success in the 2014 GRESB survey,'' said Alok Singh, Director of Energy Solutions at RealFoundations. ''Macerich is a valued client of our firm. Our long-standing association dates before sustainability became a buzzword in the real estate sector and we look forward to many years of collaboration in the future,'' he added.
For more information about Leader in the Light2014and NAREIT, visit: https://www.reit.com/sites/default/files/pdf/NAREITLeaderintheLightRelease2014.pdf
Founded in 1964 in Ames, Iowa, Macerich is one of the country's leading owners, operators and developers of major retail properties. Macerich is a member of the S&P 500 Index and aligns exceptional retail properties in attractive U.S markets with the business goals of the nation's retailers and shopping preferencesof local customers.
RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 275 client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations.
NAREIT, the National Association of Real Estate Investment Trusts,is the worldwide representative voice for REITs and listed real estate companies with an interest in U.S. real estate and capital markets. Members are REITs and other businesses that own, operate and manage income-producing real estate, as well as those ﬁrms and individuals who advise, study and service those businesses.
GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim to improve the sustainability performance of their investment portfolio, and the global property sector at large.