Sustainable Development/Re-Development

Kennedy is an industry-leading advocate for "green building.” As a founding member of the Green Building Finance Consortium (www.greenbuildingfc.com) and active U.S. Green Building Council (“USGBC”) member, Kennedy has played an active role in defining green building practices and evaluating the investment fiduciary's role as it pertains to "investing-in-green." Kennedy continually seeks to incorporate innovative ideas of sustainability, targeting LEED Silver certification for development and redevelopment projects, as well as our operating portfolio. For example, "Brewery Blocks," a mixed use, redevelopment project in downtown Portland, is a featured USGBC case study for the LEED Core and Shell (CS) designation on the U.S. Green Building Council's website (www.greenbuildingcouncil.org). Kennedy currently has approximately $1 billion in LEED certified and pre-certified assets within its portfolio.

Property Operations

Kennedy's Asset Management team proactively seeks to improve energy efficiency, water conservation and waste management for all operating assets. As an investment fiduciary, we have found that reducing energy consumption through conservation and technology not only promotes environmental stewardship, but also results in higher yields for our clients by reduced operating expenses. At this time, Kennedy assets with values exceeding $2 billion are being benchmarked, with assets representing over 4.9 million square feet having received ENERGY-STAR designations for exemplary energy performance. Kennedy also seeks to operate assets that are safe, healthy and productive places to work for our tenants and their employees. From the development of comprehensive emergency response plans, to the use of low-emitting materials in tenant build-out, to our Green Cleaning Initiative, Kennedy aims to improve indoor environmental quality.

Economic Fairness and Worker Health

Kennedy works exclusively with Responsible Contractors and development companies that honor fair labor laws and foster positive work environments. Because so many of Kennedy's development projects are high-profile with significant capital involvement, Kennedy is able to create real job growth and support responsible contractors in local communities. A recent survey estimates that Kennedy's real estate investment activities on behalf of the Multi-Employer Property Trust (for which Kennedy is the Advisor) created 84,330 jobs, $9.9 billion in local economic activity and $4.1 billion in personal income and benefits from 1982 though 2005.

Articles/Information

UNEP FI CEO Briefing Paper

http://www.unepfi.org/

Press release–FT/ULI Sustainable Cities Award

Better Bricks

CoStar Study Finds Energy Star, LEED Bldgs. Outperform Peers

Kennedy Sustainability Policy

For more information, please e-mail Bob Ratliffe at BobR@kennedyusa.com or Christian Gunter at ChristianG@kennedyusa.com.