APRIL 20, 2023

ASB Selected as 2023 Green Lease Leader by the U.S. Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation

Washington, DC — The Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance announced  on April 12, 2023 that ASB Real Estate Investments (ASB) was named as a 2023 Green Lease Leader. Launched by IMT and DOE’s Better Buildings Initiative in 2014, Green Lease Leaders sets the industry standard for what constitutes a green lease. Each year, the program recognizes landlords and tenants who modernize their leases to spur collaboration on energy efficiency, decarbonization, cost savings, health, and a range of other environmental and social issues.

ASB has achieved Gold Recognition for the firm’s efforts executing lease transactions with policies and procedures aligned with the prerequisites and credits of the green leasing program, as well as qualifying for credits in energy efficiency, utility data tracking and sharing, and sustainability training.

This year’s Green Lease Leaders represent portfolios totaling three billion square feet (sq. ft.) and comprise a diverse range of buildings from large and small commercial offices to data centers and industrial and multifamily buildings. The cumulative floor area of all Green Lease Leaders is now more than 6.4 billion sq. ft. of building space. IMT estimates that green leases can help reduce utility bills by up to approximately 50 cents per square foot (22 percent) in U.S. office buildings alone. If all leased office buildings executed green leases, the market could reap over $3 billion in annual cost savings.

About ASB Real Estate Investments

ASB Real Estate Investments (ASB), a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm with more than $9.7 billion* in gross assets under management from over 315 institutional investors. Headquartered in the Washington D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties.

*as of December 31, 2022