As good stewards of the resources entrusted to our care, Wells REIT II is committed to improving our sustainable practices to drive value and help create exceptional environments for our stakeholders, and for the communities in which we operate.
Wells REIT II's Green Commitments
- Evaluate the resource footprint of every property.
- Advance feasible, cost-effective strategies intended to decrease energy costs and increase resource sustainability.
- Engage our tenants and service providers to promote continuous and measurable improvements in the sustainable use of resources.
- Support and participate in educational programs to encourage employee, tenant, and service provider best practices.
- Include a resource sustainability assessment for potential acquisitions.
Wells Real Estate Funds, the adviser to Wells REIT II, has been recognized for three consecutive years as a "Leader in the Light" by the National Association of Real Estate Investment Trusts (NAREIT). Wells was also named an ENERGY STAR® Partner of the Year in 2011.
In 2011, the Wells Real Estate team was able to increase energy efficiency across its portfolios under management by 6.4%, which saved our properties approximately $4.4 million in energy costs. With these efforts, nearly 90% of the Wells REIT II buildings whose energy performance is tracked through ENERGY STAR exceed the national average for energy efficiency.
