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TH Real Estate earns 10th consecutive EPA ENERGY STAR Partner of the Year Award

Ashton Exterior

TH Real Estate, is proud to be named by the US Environmental Protection Agency as a 2017 ENERGY STAR Partner of the Year – Sustained Excellence Award winner for ongoing commitment to outstanding energy management practices and reductions in greenhouse gas emissions.

Long recognised for responsible investing, the 2017 award marks TH Real Estate’s tenth consecutive year (previously awarded as TIAA) as a Partner of the Year, and the eighth consecutive year at the Sustained Excellence level.

The award is bestowed upon a diverse set of organisations that have demonstrated continued leadership in energy efficiency. Winners hail from small, family-owned businesses to Fortune 500 organisations – representing energy-efficient products, services, new homes, and buildings in the commercial, industrial, and public sectors.
As one of the world’s largest institutional real estate investors with equity investments in nearly 900 office, retail, industrial and residential assets, implementing sustainability measures across the portfolio aligns with TH Real Estate’s view that environmental, social and governance factors can produce attractive long-term returns while also contributing to positive societal outcomes, broader economic development and a healthy environment.

"Participating in the EPA’s ENERGY STAR program feeds into our own commitment to reduce the energy intensity of our global 134 million sq ft equity portfolio by 30% by the year 2030," said Meghan Johnson, TH Real Estate’s Sustainability Associate. "We’ve already achieved our proactive internal initiative set in 2007 to reduce US energy consumption 20% by 2020, and continue to be ambitious in our global goals. ENERGY STAR tools and resources are a very important part of the equation for our US portfolio, allowing us to ensure that progress is tracked and best practices are implemented."

A recent example of TH Real Estate’s sustainability efforts is The Ashton, an 89,000 sq ft multifamily asset located in Washington, D.C., which was acquired in 2015. A building assessment which encompassed both common area as well as whole-community (resident-related) data was quickly conducted, resulting in the identification of significant cost savings and energy efficiency opportunities.

"The Ashton’s property management team was able to reduce energy consumption by over 30% in just one year," added Megan Johnson.  "Identifying opportunities with new properties allows us to implement improvements to the bottom line and for the environment. We look forward to pursuing ENERGY STAR scoring for this property and making even more progress as we evolve our asset management and efficiency strategy."

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. COMP201700221

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