BOSTON–(BUSINESS WIRE)–Leading real estate investment management firm TA Realty (‘TA’) announced today the successful certification of nine industrial assets under BREEAM’s In-Use certification standard in 2021. This achievement further demonstrates TA’s growing commitment to improve the sustainable performance of these traditionally complex industrial assets, and the firm currently plans to continue completing BREEAM certifications across its core industrial portfolio.
The developments that have achieved BREEAM certification include nine assets which were constructed between 2016 and 2019, comprising nearly 6.7 million square feet of real estate across six states including Georgia, California, Florida, Illinois, Texas, and Washington. Notably, almost half of the assets received a perfect score in the Pollution category, while the overall highest rated categories across the portfolio of certified developments were Health & Wellbeing, Resources, and Resilience.
“While most of the real estate industry has begun to seriously consider pathways to improved ESG performance, the industrial sector has historically lagged in the deployment of sustainable solutions, largely due to the limitations of a triple net approach,” noted Anne Peck, Vice President and Head of ESG+R at TA Realty. “For most players in the sector, solar power has been one of the only feasible options for improving sustainable performance without sacrificing financial success; with…
