Certification is latest accolade as firm continues to set pace for energy efficiency, sustainability in the office market
Bridge Investment Group’s (Bridge) commercial brokerage subsidiary Bridge Commercial Real Estate announced today it has earned the Environmental Protection Agency’s (EPA) ENERGY STAR certification for 45 office properties located across the nation, making the firm a Premium Member of EPA’s Certification Nation.
Launched in 1992, ENERGY STAR delivers environmental benefits and financial value through outstanding energy efficiency. Thousands of organizations use ENERGY STAR tools and resources to help them assess their energy performance, improve their efficiency and earn recognition. In 2019, the ENERGY STAR program for commercial buildings helped businesses and organizations save 230 billion kilowatt-hours of electricity, avoid $14 billion in energy costs and achieve 170 million metric tons of greenhouse gas reductions.
“It is a true honor to partake in the EPA’s 30th Anniversary celebration of ENERGY STAR and be recognized as a Premier Member of ENERGY STAR Certification Nation,” said Isela Rosales, managing director and head of ESG and sustainability at Bridge Investment Group. “We take pride in doing our part to help save energy and reduce greenhouse gas emissions across our buildings through our environmentally attentive operations and initiatives. ENERGY STAR certifications play an important role in our sustainability work and goals at Bridge.”
To earn an ENERGY STAR certification, buildings must earn a score of 75 or higher on the EPA’s 1-100 point scale, demonstrating that it performs better than 75 percent of similar buildings nationwide. This score is calculated on measured energy based on how the building works, with environmental, human and operational attributes taken into consideration. ENERGY STAR certified buildings use an average of 35 percent less energy and are responsible for 35 percent less carbon dioxide emissions than typical buildings.
“Bridge is committed to conserving energy and ensuring environmentally-friendly operations across our entire office portfolio, and the ENERGY STAR certification reflects the significant amount of work and attention to detail our property teams have displayed to ensure we stay at the forefront of our industry,” said Bridge Commercial Real Estate CEO Jeff Shaw. “Today’s tenants and investors are driving demand for healthy buildings that are fully equipped to rise to the environmental challenges that we all must tackle together. We are honored to be recognized by the EPA and will continue to collaborate with all of our strategic partners on generating solutions that advance energy efficiency and sustainability.”
Bridge was awarded the ENERGY STAR premium membership as part of the 30th Anniversary of ENERGY STAR celebration. The EPA offered special recognition to any organization that earned EPA’s ENERGY STAR certification for five or more buildings in 2022 – meaning they are among the most energy-efficient buildings in the country.
About Bridge Investment Group: Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $43.3 billion of assets under management as of December 31, 2022. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease, real estate-backed credit, renewable energy and proptech.
About Bridge Commercial Real Estate (“BCRE”): BCRE is an established player in the U.S. commercial office market that specializes in creating desirable, next-generation work spaces. BCRE provides world-class commercial office brokerage services, property management, accounting and commercial construction services for Bridge Office assets. With a proven blueprint that delivers long-term value for tenants and investors, our portfolio includes office properties uniquely positioned in dynamic, high-growth markets across the U.S. and continues to grow. We are laser focused on how companies work today – and will work tomorrow. Headquartered in Atlanta, Georgia and Salt Lake City, Utah, BCRE is a subsidiary of Bridge Investment Group.