Shorenstein Ranks High for Sustainability

Shorenstein Properties continues to score high when it comes to sustainability, earning the highest rating for the second year in a row.

The private real estate investment firm earned a Green Star rating in 2014 and 2015 from the Global Real Estate Sustainability Benchmark, an industry-driven standard for investment portfolios. EVP Stan Roulades says Shorenstein takes its responsibility as stewards of its buildings and the broader environment very seriously, calling sustainability a "collective obligation."

Based on the scores, Shorenstein ranks second out of 23 major investors with active ownership in the US office sector and 14th out of 155 North American investors across all commercial real estate sectors. Shorenstein was 27th out of 145 companies in the global office sector. The company had an overall score of 78 out of 100, compared to a peer group average of 59.

In 2015, the company had 31 LEED-Certified buildings (with 13M SF at certified Gold), including San Francisco's Russ Building (shown) and an average Energy Star score of 82 across its portfolio.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Orchard Partners Selects JLL To Market 892K SF Manufacturing Campus In Brisbane: The San Francisco Deal Sheet

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

Foundry Robotics Leaves San Francisco For New East Bay HQ

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Downtown Office Tower Sells At Foreclosure Auction For $260M