INDIANAPOLIS, Aug. 23, 2021 /PRNewswire/ -- Simon is
pleased to announce it has been recognized by the Institute of Real
Estate Management (IREM®) and eight Simon centers
have received the IREM® Certified Sustainable Property
certification. This recognition is a mark of distinction for
sustainable, efficient and environmentally friendly properties.
"Simon's recognition by IREM® as having multiple
Certified Sustainable Properties reflects our continued commitment
to manage efficient and environmentally safe properties," said
Steve Fivel, General Counsel and
Secretary, Simon. "Sustainability is not just about good design –
it's about asset performance that results from quality property
management, and we are proud to embody that daily."
"Practicing sustainable building management reduces carbon
emissions, waste, water and energy use, and it reduces building
expenses," says 2021 IREM President Chip
Watts, CPM®, CCIM, and president of Watts Realty,
AMO®, in Birmingham, Alabama. "Earning IREM's CSP
certification makes properties more attractive to building owners
and tenants, who are increasingly aware of the impact of buildings
on our environment. Simon joins a growing number of properties that
recognize the economic advantages of preserving scarce resources
while increasing operational efficiencies. We congratulate Simon on
their initiative in achieving this certification at multiple
properties."
The IREM® Certified Sustainable Property is a
prestigious sustainability certification program that focuses on
the role of exceptional real estate management in green building
performance. This certification is a mark of distinction for
office, medical office, industrial, multifamily, senior housing and
retail properties. IREM®'s sustainability certification
provides properties with recognition for resource efficiency and
environmental programs.
To earn the certification, a property must first meet key
baseline requirements, and then earn necessary points across
energy, water, health, recycling and purchasing categories. Tenants
and residents increasingly associate environmental performance with
quality, so the certification presents a prime opportunity to
showcase quality, responsible real estate management.
Simon's newly certified centers are Barton Creek Square, Briarwood Mall, Great Mall,
Mall of Georgia, Tampa Premium
Outlets, The Forum Shops at Caesars Palace, Wrentham Village
Premium Outlets and Grove City Premium Outlets.
For more information on Simon's sustainability initiatives,
click here.
For more information about IREM and the CSP certification, visit
irem.org.
About Simon
Simon is a real estate investment trust
engaged in the ownership of premier shopping, dining, entertainment
and mixed-use destinations and an S&P 100 company (Simon
Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for
millions of people every day and generate billions in annual
sales.
About IREM® Certified Sustainable Property
Certification
The IREM® Certified Sustainable
Property certification assesses the sustainability performance of
existing properties in five categories – energy, water, health,
recycling, and purchasing. Thousands of existing office,
multifamily, and retail properties in the
United States are working toward sustainability goals but
cannot get LEED certification. IREM saw a need for a new
sustainability certification program, one that is attainable,
affordable, meaningful, and available to three main property
types—office properties, multifamily communities, and shopping
centers – and allows properties to demonstrate green performance to
stakeholders. An affiliate of the National Association of
REALTORS®, IREM is the home for all industry
professionals connected to real estate management – and the only
organization serving both the multi-family and commercial
sectors.
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SOURCE Simon