[February 12, 2013]

Parmenter Realty Partners Completes BOMA's International 7-Point Challenge

Parmenter Realty Partners recently completed the five-year Building Owners and Managers Association (BOMA) International's 7-Point Challenge. The challenge encouraged commercial real estate companies to reduce their use of natural resources, non-renewable energy sources and waste production. Benchmarks in the 7-Point Green Challenge included: decrease energy consumption by 30 percent across portfolios by 2012; employ the ENERGY STAR® metrics to benchmark energy performance and water usage; provide education to engineers, owners and operators; perform energy audits to implement low-risk and low-cost strategies; and improve operations and building maintenance systems. Finally, as part of the plan, BOMA asked members to work to position themselves as leaders and solution providers to owners, tenants and the greater community.

"At Parmenter Realty Partners we incorporate holistic management principals to the operation of our buildings. It is our goal to provide a healthy environment for our tenants and visitors, while at the same time reducing the impact our buildings have on energy use, water use, and waste generated," said Steve Harrison, Managing Director Facilities and Sustainability at Parmenter Realty Partners.

"BOMA's 7-Point Challenge was designed to encourage our industry to voluntarily address energy and environmental issues. We were excited to sign on to the challenge and are now, five years later, very proud to be recognized for our efforts and the effect we have had and will have on our environment, buildings and tenants," said Andrew Weiss, Managing Principal and COO at Parmenter Realty Partners.

"Parmenter Realty Partners is now a proven leader on energy efficiency and environmental issues and we look forward to working with them to tell their 7-Point Challenge sustainability story for the whole industry to learn from," said Joseph W. Markling, BOMA International Chair and Chief Elected Officer, and Managing Director of Strategic Accounts with CBRE. "Market transformation is achievable when organizations like Parmenter Realty Partners step up to the challenge."

Parmenter Realty Partners is a real estate investment, management and development company, headquartered in Miami, Florida, with regional offices in Dallas, Atlanta and Washington, D.C. Parmenter operates a series of institutional investment funds focused on the southern and D.C. regions of the U.S.

For more information on this topic please contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com.

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