Building  Owners  and  Managers  Association  International

Building Owners and Managers Association International

Commercial Real Estate Firms Embrace BOMA 360 Performance Program®

March 26, 2012

Five Companies Have Earned the Designation for 20 or More Properties Nationwide

(WASHINGTON—March 26, 2012) CBRE, Brookfield Properties, Piedmont Office Realty Trust, Parmenter Realty Partners and Hines lead the pack for achieving the BOMA 360 Performance Program designation, an honor that recognizes commercial properties for excellence in overall building operations and management. All five companies have 20 or more commercial buildings that have reached BOMA 360 status.

The top five companies that have 20 or more BOMA 360 buildings in their portfolio are:

  • CBRE—59 buildings
  • Brookfield Properties—31 buildings
  • Piedmont Office Realty Trust—24 buildings
  • Parmenter Realty Partners—21 buildings
  • Hines—20 buildings

The rest of the top ten companies for most BOMA 360 buildings are: Cushman & Wakefield, LBA Realty, Transwestern, Granite Properties and Crescent Real Estate.

“Many real estate companies are working to earn the BOMA 360 designation for their commercial buildings because it is a mark of better building performance and has been a key factor in attracting tenants,” said BOMA International Chair Boyd R. Zoccola, executive vice president, Hokanson Companies Inc. “In fact, Brookfield and Parmenter have pledged to submit their entire portfolios for BOMA 360 review.”

According to a recent survey of BOMA 360 Performance Program® designees, 38 percent of respondents, many of whom received the BOMA 360 designation for their building in the past six months to a year, are already reporting that the BOMA 360 designation has helped them attract or compete for new tenants. In fact, 94 percent of respondents indicate they plan to renew their BOMA 360 designation at the end of the three-year term.

The BOMA 360 designation has been earned by 420 buildings in 55 markets. The comprehensive nature of the BOMA 360 Performance Program means that every aspect of building performance is assessed. Scores are based on how buildings meet extensive criteria of best practices in the following areas:

  • Building operations and management;
  • Life safety/security/risk management;
  • Training and education;
  • Energy;
  • Environment/sustainability; and
  • Tenant relations/community involvement.

“CBRE recognizes the value of BOMA 360 by measuring all facets of property operations against industry standards,” said Steve Bassett, executive managing director, CBRE Strategic Accounts. “CBRE believes that this comprehensive approach to performance benchmarking is valuable to our clients’ properties and we will continue to encourage our clients to participate in the program.”

To view all the buildings that have received the BOMA 360 designation, visit http://www.boma.org/getinvolved/boma360/Pages/360Buildings.aspx.

For more information on the BOMA 360 Performance Program, visit www.boma.org/GetInvolved/BOMA360.

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About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.

Contact
Kelly MackEnvironics Communications for BOMA International
202-296-2002
krm@ecius.net