WashREIT says it has achieved certification on eight multifamily assets under BREEAM’s In-Use certification standard.
This is a significant milestone for both WashREIT and BREEAM, as it signifies the first set of multifamily assets to receive BREEAM certification in the U.S. WashREIT acquired the properties in 2019. They include a total of 2,390 units, spanning locations across Virginia and Maryland.
The company used BREEAM certification to bring these assets—most of which were built more than 30 years ago—to its sustainable standard. Half the properties certified earned a rating of “Very Good.”
“We’re focused on existing Class B assets, and historically, this asset class has lacked in sustainability investments. But residents and investors alike care about sustainability,” said Paul McDermott, president and CEO of WashREIT, in a news release. “As we work with BREEAM, our goal is to create opportunities for the industry and other operators to also find ways to invest in sustainable improvements and achieve ESG certifications for their assets.”
Related Stories
Multifamily Housing | Apr 10, 2018
Studio Gang’s 11 Hoyt brings over 480 apartments and 50,000-sf of amenity space to NYC
The tower is Tishman Speyer’s first ground up condominium project in New York City.
Multifamily Housing | Mar 28, 2018
The latest data in the multifamily ‘amenities war’
Download Multifamily Design+Construction’s free 16-page report on the amenities multifamily architects, builders, and developers are providing their tenants and code buyers.
Multifamily Housing | Mar 21, 2018
Apartments outperform office, retail, industrial properties: NMHC research
Apartments offer strong returns and relatively low risk, according to new research from the National Multifamily Housing Council Research Foundation.
Multifamily Housing | Mar 14, 2018
How to solve the housing crunch on college campuses
A growing number of public and private academic institutions are turning to designers and architects for alternative housing strategies—particularly in high-density areas on the East and West Coasts.
Hotel Facilities | Mar 6, 2018
A New Hampshire college offers student housing as hotel rooms during the summer
The opening of a new residence hall could help with Plymouth State University’s hospitality marketing.
Multifamily Housing | Mar 4, 2018
Katerra, a tech-driven GC, plots ambitious expansion
Investors flock to this vertically integrated startup, which automates its design and construction processes.
Multifamily Housing | Feb 28, 2018
Transwestern data points to demand for larger rental units among baby boomers
As baby boomers seek to downsize from large homes, developers are increasingly designing apartments specifically for this demographic.
Multifamily Housing | Feb 27, 2018
Victorian era gasholders become modern residences in London
The new residences are part of the King’s Cross redevelopment scheme.
Multifamily Housing | Feb 22, 2018
Multifamily building with 25,000 sf of amenities rises on the shore of the Potomac River
The building is part of the National Gateway mixed-use development at Potomac yard.
Multifamily Housing | Feb 15, 2018
United States ranks fourth for renter growth
Renters are on the rise in 21 of the 30 countries examined in RentCafé’s recent study.
