Shorenstein Properties LLC

Shorenstein Properties LLC

Shorenstein Properties LLC, one of the oldest and most successful private real estate investment companies active throughout the United States in the acquisition, development, ownership and management of office and mixed-use properties, has long been a believer in energy efficiency and energy management. Guided by the company’s Building Performance Strategy, Shorenstein’s Sustainability Committee implements a three-pronged approach to continual improvement that consists of investment in efficiency, smart operation, and tenant engagement.

As part of the Better Buildings Challenge, Shorenstein Properties achieved the goal to reduce its portfolio-wide building energy intensity by 20% in 2017. Shorenstein has set a new goal of 40% reduction by 2025 over 2008 levels.

Cost-effective efficiency projects are the backbone of the sustainability program at Shorenstein. The company's active demand management strategies save money, while helping to ensure the reliability of shared power infrastructure in local communities and limiting the need for new power plants.

Realizing that tenants determine the majority of resource consumption, Shorenstein's Flip the Switch Program educates building occupants about the value of environmental stewardship and empowers them to take action.

Challenge Commitment
21Million Square Feet
Goals
20%Reduction in Energy Intensity
Progress
Goal Achieved
Goals
40%Reduction in Energy Intensity
Progress
3.5%Average Annual % Improvement