Washington, DC (Vocus) 16 November 2007
The National Association of Real Estate Investment Trusts ® (NAREIT ®), in collaboration with Energy Star ®, today honored several of its member companies consider the demonstration and use of sustainable energy practices.
“Leader in the Light” Our award for the activities of the company’s essential that generate energy efficiency and improved cost management recognizes, “said NAREIT Executive Vice President of Finance and Operations Sheldon M. Groner.
this year, “Leader in the Light” The winners:
Gold (tie):
Simon Property Group (NYSE: SPG)
Legacy Hotels REIT (TSE: LGY.UN)
Silver
:
Parkway Properties, Inc. (NYSE: PKY)
Bronze
:
Macerich Company (NYSE: MAC)
Honorable Mention:
AMB Property Corporation
(NYSE: AMB)
HCP, Inc. (NYSE: HCP)
ProLogis (NYSE: PLD)
“It is clear that better management or reduction of energy costs play a role in the properties in increasing shareholder value,” said Groner. “The companies we have implemented innovative and effective isolation measures to improve energy efficiency in the entire portfolio.”
“Leader in the Light” Awards were presented at a luncheon during NAREIT Annual Convention in Las Vegas.
The National Association of Real Estate Investment Trusts ® (NAREIT ®) is the speaker of the U.S. Real Estate Investment Trusts (REITs) and publicly traded real estate companies worldwide. Members are REITs and other companies that own, operate and finance income-producing properties, as well as companies and individuals who advise study and service companies. Visit our Web sites and www.nareit.com www.investinreits.com.
NAREIT does not intend this press release intended to be a solicitation for a specific company does not offer investment, legal or tax advice. Investors should discuss their own investment, legal or tax adviser about the advisability of investing in securities or investment strategies in this paper. Nothing herein should be an endorsement by NAREIT of a specific company or products or as an offer to sell or a solicitation to buy securities or other financial instruments to buy or participate in any trading strategy designed. NAREIT expressly disclaims any responsibility for the accuracy, timeliness or completeness of this publication. Unless otherwise stated, all data are derived and relate to only publicly traded securities. All values are unaudited and subject to revision. Any investment or performance data delivered (past, hypothetical or not) are not necessarily indicative of future results or performance.
Contact
:
Ron Kuykendall
or Matt Bechard
(202) 739-9400
1-800-3NAREIT
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