Washington Real Estate Investment Trust's 1220 19 th Street Receives AOBA TOBY® Award
ROCKVILLE, Md.--(BUSINESS WIRE)-- Washington Real Estate Investment Trust (WRIT) (NYS: WRE) announced that 1220 19th Street, located in the Central Business District submarket of Washington, DC, has received the Apartment and Office Building Association (AOBA) TOBY® (The Outstanding Building of the Year) Award in the Earth category.
"Over the past several years we have increased our commitment to renewable energy, to date having six office properties totaling 1.2 million square feet and fourteen office properties totaling 2.3 million square feet designated LEED® EB and Energy Star, respectively," said Brad Cederdahl, Senior Vice President of Property Operations at WRIT. "Our initiative to establish 1220 19th Street as a green building, through renovations and improvements over the past two years has resulted in achieving LEED® EB Gold Certification, and now receiving the TOBY award."
The TOBY® Awards was established by the Building Owners and Managers Association (BOMA) International in 1984. The annual TOBY® Awards process includes a rigorous review via an on-site inspection tour of all facets of the building's operation and management. The evaluations include tenant relations programs, community involvement, emergency evacuation procedures, sustainability programs, preventative maintenance schedules, security issues, policy and procedures manuals and continuing education for building personnel.
The Earth award honors and recognizes the building management teams that preserve and enhance the internal and external environment through an all-around "green" program. The Earth award is based on excellence in environmentally sound office building management and includes the categories of indoor air quality and green cleaning, recycling, energy/water conservation, green purchasing policies, and tenant communications.
About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International's mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the web at www.boma.org.
AOBA is the leading membership organization representing owners/managers of commercial office buildings and multi-family residential real estate in the Washington, DC region. AOBA members enjoy membership benefits in its national affiliates: the Building Owners and Managers Association International (BOMA) and the National Apartment Association. For details, visit www.aoba-metro.org.
WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. WRIT owns a diversified portfolio of 69 properties totaling approximately 8 million square feet of commercial space and 2,540 multifamily units, and land held for development. These 69 properties consist of 25 office properties, 17 medical office properties, 16 retail centers and 11 multifamily properties. WRIT shares are publicly traded on the New York Stock Exchange (NYS: WRE) .
Certain statements in our earnings release and on our conference call are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, the potential for federal government budget reductions, changes in general and local economic and real estate market conditions, the timing and pricing of lease transactions, the availability and cost of capital, fluctuations in interest rates, tenants' financial conditions, levels of competition, the effect of government regulation, the impact of newly adopted accounting principles, and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2012 Form 10-K and First Quarter 2013 Form 10-Q. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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