Belmont, CA – January 9, 2018 – Ron Granville, CPM® and CEO of Woodmont Real Estate Services announced today the San Francisco chapter of IREM®, the Institute of Real Estate Management, has awarded Woodmont as the Accredited Management Organization (AMO) Firm of the Year for the company’s leadership in sustainability and its management response to the North Bay wildfires in October.
Woodmont earned the very first IREM® Certified Sustainable Property credential in the U.S. in June 2016 for Waterford Place, a Dublin, CA apartment community managed by the company and has since added seven more multifamily properties that received IREM®’s sustainability credential – more than any apartment owner or manager in California and among the leading companies in the U.S. to have achieved IREM®’s certification credential.
The multifamily communities managed by the company recognized by IREM® are located in the South Bay, near Sacramento, the wine country and on the San Francisco Peninsula. By February of 2018, Woodmont expects to have 15 apartment communities or more certified by IREM®.
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 additional necessary points across energy, water, health, recycling, and purchasing categories. Residents increasingly associate environmental performance with quality, so the certification presents a prime opportunity to showcase quality and responsible real estate management.
During the October North Bay Wildfires, five of the eight apartment communities managed by Woodmont Real Estate Services in the Santa Rosa area required mandatory evacuation by all residents and Woodmont staff. The evacuations affected approximately 750 apartment homes and temporarily displaced some 2,000 people. Fortunately none of the residents or Woodmont employees were injured by the wildfires, though one community lost a building of eight apartments to the fire. During the evacuation period Woodmont worked to communicate with residents to keep them updated as information was released by authorities. When the evacuation orders were lifted Woodmont hired a specialized restoration company to clean the exteriors and interiors of apartment buildings impacted by smoke and ash to facilitate resident return to their apartments.
“Woodmont demonstrated phenomenal leadership towards the future with its sustainability practices coupled with the professionalism of the team during the wine country wildfires. This award is well deserved,” said Richard Lee, CPM®, LEED AP and IREM San Francisco Bay Area Chapter 21 President for 2018. Lee is also a Property Manager in the San Francisco office of Cushman & Wakefield.
“We’re proud of the leadership our teams have demonstrated in coordinating the documentation required to certify their apartment communities as sustainable. It is another way that we can show our commitment to creating exceptional communities for the residents and owners we represent. We are also grateful to the Woodmont team members who worked tirelessly to take care of residents and properties during the recent North Bay fires. Their dedicated response – often while concerned about their own homes and families – was exemplary. Fortunately, we were able to quickly implement our emergency-management protocols which helped produce the best possible outcome from a disastrous situation,” said Ron Granville.
About IREM® Certified Sustainable Property Certification and AMO
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. AMO accreditation requires the highest code of ethical standards in the property management industry involving best practices that serve as examples for the industry.