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WashREIT Achieves BREEAM Certification for Set of Eight Multifamilies
Washington, DC-based WashREIT has achieved certification of eight of its multifamily assets under BREEAM’s In-Use certification standard. This achievement marks the first set of multifamily assets to receive BREEAM certification in the US.
- Assembly Alexandria
- Assembly Dulles
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- Assembly Leesburg
- Assembly Manassas
- Assembly Watkins Mill
- Cascade Landmark
The assets were acquired by WashREIT in 2019 and include a total of 2,390 units. WashREIT turned to guidance provided through the BREEAM certification process to bring the developments — most in excess of 30 years old — to its sustainable standard.
“We’re focused on existing Class B assets, and historically this asset class has lacked in sustainability investments,” said Paul McDermott, president and CEO of WashREIT. “But residents and investors alike care about sustainability. As we work with BREEAM, our goal is to create opportunities for the industry and other operators to also find ways to invest in sustainable improvements and achieve ESG certifications for their assets.”
Photo: Assembly at Dulles
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