American Assets Trust, Inc. (NYSE:AAT), a full service, vertically
integrated and self-administered real estate investment trust, or
REIT, Able Services, the USA’s largest family-owned and privately
held provider of facility solutions, and BRE Global, a world
leading, multi-disciplinary building science organization, today
announced that The Landmark @ One Market, one of San Francisco’s
most architecturally distinct and historic properties, is the first
building in San Francisco to be certified using the BREEAM USA
standard for existing buildings.
BREEAM was developed in 1990 by BRE Global, the
first assessment method for buildings in the world. Today BREEAM is
internationally recognized as the most comprehensive and holistic
environmental assessment method, with over 2,250,000 registered
projects and 565,000+ certified buildings worldwide across more
than 83 countries.
Built in 1916, The Landmark @ One Market was
originally the headquarters for Southern Pacific Railroad. It was
renovated in 1998 into a modern Class A office building while
preserving historic features including the grand façade. The
building is located in San Francisco’s famed Financial District
overlooking the Embarcadero, the Ferry Building and the San
Francisco Bay.
American Assets Trust, Inc (“AAT”) is a
dedicated steward of our community and our environment. Together
with our community partners, we have developed and incorporated
into our business practices innovative programs to promote
environmental sustainability and social responsibility. Ernest
Rady, Chairman, President and Chief Executive Officer of AAT said,
“We are proud of our achievement in earning the first BREEAM USA
certification in San Francisco for The Landmark @ One Market and
are committed to the strong stewardship of our community and the
environment. We hope that in sharing our sustainability knowledge,
our communities and neighbors will adopt changes that have an
overall positive impact on the environment.”
Focusing on assessing and rating the performance
of existing buildings, BREEAM USA In-Use has been adapted from
BREEAM In-Use International to reflect differences in American
standards and practices while still providing the global
comparability and rigor that distinguishes the BREEAM standard.
Certification is achieved through independent, third-party
assessment conducted on-site, giving stakeholders’ confidence about
their building’s performance and recognition that a building meets,
and continues to meet, the robust BREEAM In-Use sustainability
standards.
Able Services provided the assessment which was
spearheaded by Matt Montanez, licensed BREEAM In-Use Assessor,
Engineering Manager and former Chief Engineer. “As a BREEAM In-Use
Licensed Assessor Organization, Able Services has the opportunity
to help our clients focused on sustainability make scientifically
proven operating changes. We worked side-by-side with AAT and the
property’s Chief Engineer Chris Malabed to complete the
certification. This assessment has enabled the engineers to operate
the Landmark at peak performance while limiting resource
consumption.”
“I am absolutely delighted that we have our
first BREEAM certification in San Francisco,” said Shamir Ghumra,
Director of BREEAM at BRE Global. “This is the result of
listening to our customers and working closely with clients such as
American Assets Trust who have shown global leadership by
committing to BREEAM in such an iconic way”.
The achievement will be celebrated with the
presentation of a BREEAM plaque and a reception on July 16, 2019 at
The Landmark @ One Market.
About American Assets Trust,
Inc.
American Assets Trust, Inc. (the “Company”) is a
full service, vertically integrated and self-administered real
estate investment trust, or REIT, headquartered in San Diego,
California. The Company has over 50 years of acquiring,
improving, developing and managing premier retail, office and
residential properties throughout the United States in some of the
nation’s most dynamic, high-barrier-to-entry markets primarily in
Southern California, Northern California, Oregon, Washington and
Hawaii. The Company's retail portfolio comprises approximately 3.1
million rentable square feet, and its office portfolio comprises
approximately 3.4 million square feet. In addition, the
Company owns one mixed-use property (including approximately 97,000
rentable square feet of retail space and a 369-room all-suite
hotel) and over 2,112 multifamily units. In 2011, the Company
was formed to succeed to the real estate business of American
Assets, Inc., a privately held corporation founded in 1967 and, as
such, has significant experience, long-standing relationships and
extensive knowledge of its core markets, submarkets and asset
classes. For additional information, please visit
www.americanassetstrust.com.
About Able Services
Founded in 1926, Able Services provides
solutions for facility operations. Working together to deliver
valuable work-life experiences, Able cleans, operates and maintains
more than 1 billion square feet of the built environment for the
world’s biggest owners of real estate and facilities operators.
Employing 17,000 people in 43 states, Able is revolutionizing
solutions where people work and live. Able is ‘Service at Work.’
Learn more at ableseve.com.
About BRE Global
BRE Global is the world’s leading building
science center. BRE Global’s sustainability, safety and security
services, the BRE Academy and our Innovation Centers, are used by
customers to deliver on their social, environmental and economic
goals. Unlike other providers of building standards, BRE
Global conducts research and develops science-backed standards to
make a positive difference in the built environment. For more
information, please visit www.breeam.com/usa, follow us on
LinkedIn and @BRE_BREEAM on Twitter for the latest updates.
Forward Looking Statements
This press release may contain forward-looking
statements within the meaning of the federal securities laws, which
are based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual outcomes
and results to differ materially. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases,
you can identify forward-looking statements by the use of
forward-looking terminology such as "may," "will," "should,"
"expects," "intends," "plans," "anticipates," "believes,"
"estimates," "predicts," or "potential" or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. While forward-looking
statements reflect the Company's good faith beliefs, assumptions
and expectations, they are not guarantees of future
performance. For a further discussion of these and other
factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the section
entitled "Risk Factors" in the Company's annual report on Form 10-K
filed on February 15, 2019 and other risks described in documents
subsequently filed by the Company from time to time with the
Securities and Exchange Commission. The Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes.
Source: American Assets Trust,
Inc.
Investor and Media Contact:
American Assets Trust Robert F. Barton Executive
Vice President and Chief Financial Officer 858-350-2607
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