USAA Real Estate Company
Challenge Commitment
10Million Square Feet| Goals | Progress |
|---|---|
| 20%Reduction in Energy Intensity 5% Reduction in Portfolio Energy Intensity per year from a 2008 baseline within 10 years. Based on a commitment of 10 million square feet.
| 1.7%Average Annual % Improvement |
USAA Real Estate Company, with approximately $7 billion of real estate assets under management, provides co-investment, acquisition, build-to-suit and development capital for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922.
As long standing leaders in energy efficiency and sustainability, USAA Real Estate Company is becoming a partner of the Better Buildings Challenge (BBC) in order to support improved energy performance in buildings and further demonstrate the business case. USAA is committing 17 million square feet of building space it directly controls to the BBC, but will continue energy efficiency efforts within its entire portfolio of almost 50 million square feet, consisting of 60 industrial buildings, 39 office buildings, nine multifamily/mixed use projects, and seven hotels (totaling 115 buildings).
For the assets owned each year, in alignment with its goal of reducing energy use by 5% per year, USAA will be identifying and undertaking a number of energy reducing projects and will continue to implement performance enhancing operations within its portfolio, and will work with the Better Buildings Challenge to demonstrate the results and successes of these projects.