Third Consecutive Year Achieving Gold
Recognition
NEW
YORK, April 4, 2024 /PRNewswire/ -- W. P.
Carey (W. P. Carey, NYSE: WPC), a leading net lease
REIT specializing in corporate sale-leasebacks, build-to-suits and
the acquisition of single-tenant net lease properties, today
announced it has been named a 2024 Green Lease Leader by
the Institute for Market Transformation (IMT) and the U.S.
Department of Energy's (DOE) Better Buildings Alliance.
Launched in 2014, Green Lease Leaders sets standards for what
constitutes a green lease, while recognizing landlords and tenants
who modernize their leases to spur collaborative action on energy
and water efficiency, cost savings, air quality improvement and
sustainability in buildings.
W. P. Carey achieved Gold recognition for green
leasing by qualifying for credits in energy efficiency and
sustainability best practices such as utility data tracking, cost
recovery for capital improvements, annual tenant disclosure of
environmental metrics and required minimum energy efficiency
fit-out guidelines.
Brooks Gordon, Head of Asset
Management, W. P. Carey, said: "We're proud to be
recognized as a leader in environmental stewardship and we're
committed to reducing the carbon emissions of our portfolio. Green
leasing is core to our strategy – enabling us to improve visibility
into our portfolio's power consumption, which facilitates
engagement with our tenants on sustainable initiatives. We seek to
include green lease provisions into all new leases as part of our
proactive approach to drive emissions reduction and energy
efficiency across our portfolio."
In 2023, W. P. Carey executed 45 green leases totaling 13.8
million square feet of assets.
For more information on W. P. Carey's broader ESG strategy, view
our most recent ESG Report.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a
well-diversified portfolio of high-quality, operationally critical
commercial real estate, which includes 1,424 net lease properties
covering approximately 173 million square feet and a portfolio of
89 self-storage operating properties as of December 31, 2023. With offices in New York, London, Amsterdam and Dallas, the company remains focused on
investing primarily in single-tenant, industrial, warehouse and
retail properties located in the U.S. and Northern and Western Europe, under long-term net leases
with built-in rent escalations.
www.wpcarey.com
Institutional Investors:
Peter
Sands
1 (212) 492-1110
institutionalir@wpcarey.com
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com
Press Contact:
Anna
McGrath
1 (212) 492-1166
amcgrath@wpcarey.com
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SOURCE W. P. Carey Inc.