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WashREIT has achieved certification of eight of its multifamily assets under BREEAM’s In-Use certification standard

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.

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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.”

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Inside The Story

WashREIT’s McDermott

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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