Reit Magazine - March/April 2021 - 67

OUR 'GREEN' INITIATIVES LEAD TO 'GREEN'
MONEY SAVINGS FOR OUR TENANTS, AND
ULTIMATELY, THAT IMPROVES THE QUALITY
OF THE BUILDINGS.
- Mark Theine, executive vice president of asset management

necessarily appropriate for all
properties, especially older
ones. Brand-new green buildings boasting environmentally
friendly features are often
LEED-certified. IREM's program, meanwhile, gives existing
buildings the opportunity to
catch up.
" One of the things we like
about the IREM certification is
since we're primarily acquiring
existing properties around the
country, we can take an existing
building and improve it by putting sustainability practices into
the building, " Theine explains. 
Thomas agrees, pointing out
that IREM's program allows the
company to pursue measurable
efforts in buildings it owns.
" We really do see the IREM
program as having a much more
meaningful impact, because we
can acquire buildings and use
their evaluation metrics as part
of our underwriting process to
improve operations, " he notes.

To earn IREM CSP certification, properties must meet
baseline requirements and earn
points across energy, water,
health, recycling, and purchasing categories. IREM provides
a checklist and scorecard for
tracking and a third party audits
the program.
Physicians Realty earned
IREM CSP designations at eight
properties in 2019 and another
10 designations in 2020. The
company has initially committed to achieve designations at
25 multi-tenant properties over
three years.
The REIT has tied these
IREM goals to its corporate
and compensation goals for the
executive team, Theine points
out. " Our board has done a
great job leading with vision
and demonstrating a commitment to sustainability by
deliberately tying our compensation to our sustainability
goals, " he adds.

HealthEast Clinic and Specialty Center in Maplewood, Minnesota.

Sustainability in Action
One of the most sustainable properties in Physicians
Realty's portfolio, the HealthEast Clinic and Specialty
Center in Maplewood, Minnesota, includes all LED lighting
and low-flow plumbing fixtures, while an aggressive new
recycling program has helped achieve a 45% diversion rate
for recyclable materials. 
Strictly Pediatrics Specialty Center in Austin, Texas,
features a 2,500-square-foot-panel solar array-one of the
largest in Central Texas-which generates 900,000 million
kilowatts of clean energy annually. Over the next 25 years,
the Strictly Pediatrics solar system is expected to save $2.6
million in electricity costs and avoid approximately 21,466
metric tons of carbon dioxide from being released into the
atmosphere. A recent retrofit of the interior lighting will
further reduce the property's carbon footprint.
The Baylor Scott & White Charles A. Sammons Cancer
Center in Dallas, one of the country's largest medical office
buildings, received LEED Gold certification, ENERGY STAR
certification, and designation as an IREM CSP property.
Through retrofitting common area lighting fixtures
and updating outdated HVAC components, the company
achieved an 8.5% reduction in energy use at the property
from 2018 to 2019. A recommissioning of the building
mechanical systems is underway, which Physicians Realty
expects to further reduce the site's energy usage by an
additional 3-5%. 
Nareit: Real estate working for you |

67



Reit Magazine - March/April 2021

Table of Contents for the Digital Edition of Reit Magazine - March/April 2021

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