|Whiterock REIT Selects Energy Advantage Inc. For Their Portfolio-wide Sustainability Initiative|
Burlington, Ontario, 18-March-2011 - Energy Advantage Inc., a leading energy and sustainability management provider, today announced that they were selected by Whiterock REIT (Whiterock) to help implement and provide on-going total energy and environmental management services in support of their portfolio–wide sustainability strategy.
Whiterock is one of Canada's fastest growing integrated real estate companies with 7.5 million square feet of properties under ownership across Canada. In concert with this growth they have set out to become a sustainability leader in the integrated real estate industry. As a foundational step they recognized the need to implement a sustainability program which aligned with their corporate objectives, which includes a 20% reduction in their carbon impact by 2015. Their sustainability program will include the integration of both people and processes as part of a total energy management program for all of their properties. A key objective for Whiterock is to be able to verify and report publicly on the environmental performance of their portfolio against their published consumption, cost and carbon reduction targets.
“We are pleased to support Whiterock in this initiative as our experience has shown that sustainability presents a significant opportunity for any company”, says Chris Ridabock, President and COO, Energy Advantage Inc. “It can help drive differentiation and leadership and grow companies’ revenue and reputation. We have been successful in helping real estate organizations and other large-scale multi-location customers integrate sustainability into their operations and practices to help them achieve cost savings and reduced environmental impact and we look forward to this opportunity to work with Whiterock on this important initiative”.
Energy Advantage’s total energy and environmental solutions will help Whiterock collect, track, analyze and report on their core energy and environmental performance data. As part of this solution a benchmark of current building performance will be completed as the initial step to creating an overall total sustainability plan customized to Whiterock's specific requirements and objectives. With a corporate-wide program and data foundation in place Energy Advantage will provide on-going management services and solutions which will support the implementation and on-going management of Whiterock’s sustainability plan.
“As a growing Canadian real estate organization we required an energy and environmental partner that could help implement a sustainability program and achieve our carbon reduction goals across a diverse Canada-wide portfolio”, says Jason Underwood, Whiterock REIT. “Our sustainability initiative has a direct relationship to our growth strategy which is based partly on the retention of top-tier tenants by ensuring the quality of our portfolio meets the sustainability standards of the most discriminating tenants and allows the properties to retain their structural and aesthetic integrity”.
About Energy Advantage Inc.
Energy Advantage has a proven track record in delivering comprehensive energy and environmental management solutions to large-scale, multi-facility North American organizations. As a fully independent organization that sits on its 'customers' side of the table, Energy Advantage provides managed data services, analysis and solutions which help its many longstanding customers make informed business decisions to achieve improved risk management, lower costs and reduced environmental impact. Energy Advantage has helped its customers across the commercial, industrial and institutional sectors reduce their energy costs by up to 20%, representing $10's of millions in tangible benefits. For more information visit www.energyadvantage.com.
About Whiterock REIT
Whiterock REIT primary objective is to create sustainable unitholder value over time. Whiterock owns and operates a portfolio of high-quality office, industrial and retail properties across Canada with a concentration in the Greater Toronto Area. The REIT's primary objectives are to increase AFFO in sustainable manner through increasing property revenue while decreasing expenses, limiting capital expenditures and leasing costs while improving tenant satisfaction and the overall physical condition of the assets. We view our tenants as our customers and we strive for excellence in customer satisfaction in everything we do! For more information visit www.whiterockreit.ca.
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