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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 all new development and redevelopment projects. Sustainable features included in Kennedy projects include: high performance glazing, lighting and systems, low-flow fixtures, photovoltaic arrays, vegetative roofs, native landscaping and operable windows among others. Kennedy has approximately $1 billion in LEED certified and pre-certified assets within its portfolio of varying property types, and an additional $1.5 billion in LEED projects in development or under consideration.

High Performance 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 and water 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 is currently benchmarking over 23 million square feet of office and industrial space and has received ENERGY STAR labels designations for exemplary energy performance for assets with values exceeding $1.7 billion. 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.

RPI Recognition:
Press release–Kennedy receives 2008 FT/ULI Sustainable Cities Award
CoStar Group: 2009 ENERGY STAR Partner of the Year