Kilroy Realty Corporation
Kilroy Realty Corporation
With nearly 70 years of experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region’s premier landlords. They provide physical work environments that foster creativity and productivity and serve a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies. Their stabilized portfolio totals over 13.2 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego and residential units located in the Hollywood Submarket of Los Angeles. They are a committed leader in the effort to building and operating environmentally sound properties, which has resulted in wide recognition amongst their peers.
Their environmental vision is a portfolio that minimizes the environmental impact of the construction and operation of their buildings while maximizing tenant comfort, health and financial returns. Their social vision is a resilient company with a sustainable supply chain that maximizes the health and productivity of both employees and tenants. They will accomplish this by achieving the highest levels of performance in energy and water efficiency, waste management, supply chain management, tenant engagement, human capital development, environmental construction, sustainable building operations, green building certifications, materials selection and community involvement. Further, they are the first North American real estate owner to publicly commit to establishing carbon neutral operations by the end of 2020. Kilroy plans to execute on their commitment through aggressive onsite energy conservation and investments in renewable energy, building on the 17% reduction in energy consumption they have achieved since 2010. They achieved these reductions through broad ranging energy programs that span the Kilroy Innovation Lab, the award-winning green leasing program, embedded measurement & verification, a dedicated efficiency budget and more.
As a result, their stabilized portfolio has achieved high benchmarks for energy efficiency. At year end 2018, 77% of eligible square footage, encompassing 50 buildings, had achieved ENERGY STAR certification. Further, their development pipeline continues to push the envelope on sustainable development. All of their development projects are built to LEED Platinum or Gold standards and their stabilized portfolio is 63% LEED certified. LEED certification demonstrates to prospective tenants that their assets reduce operating expenses and thoughtfully minimize their environmental impact.
Sustainability accolades include Global Real Estate Sustainability Benchmark (GRESB) #1 ranking among North American Listed Office real estate owners, NAREIT’s Leader in the Light award in the Office sector and the EPA’s highest honor of Sustained Excellence ENERGY STAR Partner of the Year for the past three years. They are also listed in the Dow Jones Sustainability World Index.
|20%Reduction in Energy Intensity||Progress|
|12%Equivalent Cumulative % Improvement|