Campus Crest Accepts Department of Energy’s Better Buildings Challenge
December 16 2013 - 9:12AM
Business Wire
-Commits to reducing energy consumption across
its portfolio by 20 percent through 2023 -
- Continues to demonstrate leadership in
sustainable building among student housing industry -
Campus Crest Communities, Inc. (“Campus Crest” or the “Company”)
(NYSE:CCG) today announced its participation in the U.S. Department
of Energy’s (DOE) Better Buildings Challenge, an initiative that
brings together corporations, universities and municipalities to
make significant commitments to energy efficiency and waste
reduction in their facilities. Campus Crest has committed to reduce
energy consumption across its student housing portfolio by 20
percent or more over 10 years.
On Dec. 3, the DOE and the Department of Housing and Urban
Development (HUD) expanded the Better Buildings Challenge to
include the multifamily residential sector. This expansion is part
of President Obama's Climate Action Plan, which was announced in
June and recognizes the role that increased efficiency can play in
reducing energy use and carbon pollution from this sector.
“At Campus Crest we believe in a balanced approach to business –
balancing economics with environmental and social stewardship,”
said Ted W. Rollins, chairman and chief executive officer of Campus
Crest Communities. “The Better Buildings Challenge is a great way
for us to participate on a national level with the U.S. Department
of Energy and help lead a transformation in the multifamily
industry towards greater energy efficiency.”
As a participant in the Better Buildings Challenge, Campus Crest
will showcase strategies to boost energy efficiency and implement a
portfolio-wide plan to achieve lasting energy savings, including
lighting improvements, water efficient landscaping and indoor water
efficiency, heating and cooling system upgrades, installation of
energy efficient appliances and equipping buildings for solar
energy installations.
The Better Buildings Challenge aligns with Campus Crest’s NEXT
initiative, a business approach that balances economic success with
social and environmental stewardship. To promote building
innovation, a key component of the initiative, Campus Crest
proactively partnered with Colorado State University’s Institute
for the Built Environment to incorporate energy efficient design
and operations across its portfolio. In 2012, the Company partnered
with SolarCity to install more than 9,000 solar panels on three of
its student housing communities.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder,
owner and manager of high-quality student housing properties
located close to college campuses in targeted markets. Pro forma
for the Copper Beech restructure, the Company has ownership
interests in 82 student housing properties and over ~44,000 beds
across North America, of which 74 are operating and 8 are
development or redevelopment properties. The Company is an equity
REIT that differentiates itself through its vertical integration
and consistent branding across the portfolio through three unique
brands targeting different segments of the college student
population. The Grove® brand offers more traditional apartment
floor plans and focuses on customer service, privacy, on-site
amenities and a proprietary residence life program. The Copper
Beech brand and townhome product offers more residential-type
living to students looking for a larger floor plan with a front
door and back porch. The evo brand provides urban students with a
luxury student housing option with all the conveniences of city
living. Additional information can be found on the Company's
website at http://www.campuscrest.com/.
InvestorsThomas Nielsen,
704-496-2571Investor.Relations@CampusCrest.comorMediaHayley
Cook, 203-682-8254Hayley.Cook@icrinc.com
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