Dublin, CA; June 8, 2016 – Ron Granville, CPM® and CEO of Woodmont Real Estate Services announced today that Waterford Place, a Dublin, CA apartment community managed by his company, has received recognition as the first apartment community in the United States to be designated as an IREM® Certified Sustainable Property.
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. 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.
Located at 4800 Tassajara Road in the East Bay Community of Dublin (South of Oakland, north of San Jose), Waterford Place is four stories and comprised of 390 units that feature one-and-two bedroom apartment homes. Built in 2002, the property is owned by UBS and Woodmont Real Estate Services has managed the property since 2011.
Kristin Torrice, Woodmont’s property manager at Waterford Place, managed the application process and collaborated with her leasing and maintenance teams to gather data and implement water and energy conservation programs to meet IREM’s standards to earn the sustainability certification.
“The concept of green buildings has come a long way, from vague ideas of changing out lightbulbs to a corporate imperative, one that transcends energy efficiency to embrace health and wellness”, states Chris Mellen, CPM®, ARM®, IREM® President, The Simon Companies, Braintree, Mass. “We congratulate Woodmont Real Estate Services on their initiative in achieving this certification at Waterford Place.”
“We’re proud of our regional and onsite management teams for the months of work they dedicated to achieving this great recognition, particularly as the first such multifamily community in the nation but also our region. Northern California is known worldwide for innovation and is a major driver behind the sustainability movement. Receiving the IREM® Certified Sustainable Property Certification is good business, it’s right for the environment and also for the residents that live at Waterford Place,” said Jeff Bosshard, CPM® and President of Woodmont’s Multifamily Operations.
About IREM® Certified Sustainable Property Certification
The IREM® sustainability 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. It’s too far out of reach and does not make financial sense. The IREM® Certified Sustainable Property is much more customized to property managers – whereas LEED’s requirements are often out of a property manager’s control. Many properties have successful sustainability programs but no way to validate them and demonstrate green performance to stakeholders. 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.
IREM® is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. 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. IREM® believes good management matters, and well-managed properties pay dividends in terms of value and in the quality of life for residents, tenants and customers. IREM® offers a variety of membership types for professionals of every experience level, from on-site managers to high-level executives. IREM® credentials, earned by meeting high standards of education, experience, and ethical business practices, include: CPM®, ARM®, ACoM, and AMO®. Since 1933, IREM® has set the standard for best practices in real estate management. Today, IREM® membership includes more than 19,000 individual and 550 corporate members. To learn more about IREM®, call 800-837-0706, ext. 4650 (outside the United States, call 312-329-6000), or visit www.irem.org.