April 3, 2024

Media contact:

Alexandra Laney, Institute for Market Transformation, (530) 645-2539; alexandra.laney@imt.org

Washington, D.C. (April 3, 2023) – The Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Initiative announced the 2024 Green Lease Leaders at the Better Buildings, Better Plants Summit. Launched by IMT and DOE’s Better Buildings Initiative in 2014, Green Lease Leaders sets the industry standard for what constitutes a green lease. Each year, the program recognizes landlords and tenants who modernize their leases to spur collaboration on energy efficiency, decarbonization, cost savings, health, and a range of other environmental and social issues.

This year’s 65 awardees cover nearly 2.9 billion square feet, including 31 organizations receiving Green Lease Leaders recognition for the first time. Additionally, Platinum winners, organizations who achieved Green Lease Leader’s highest tier of recognition, more than doubled since last year. The overall program growth reflects a wide acceptance that green leases are a critical tool for improving buildings and meeting corporate environmental and social goals and that organizations are continuing to enhance their green leasing practices. 

Green Lease Leaders comprise a diverse range of buildings from large and small commercial offices to healthcare and industrial and multifamily buildings. The cumulative floor area of all Green Lease Leaders is now more than 7.8 billion sq. ft. of building space. 

“Creating a way for landlords and tenants to work together to ensure lasting savings and improved spaces is the hallmark of this year’s Green Lease Leaders”, said Maria T. Vargas, Senior Program Advisor at DOE and Director of the Better Buildings Initiative. “These organizations are leading the way with their commitment to successful strategies and better buildings.”

“To future-proof our buildings, and keep them competitive, landlords and tenants need to outline mutually beneficial actions within their leases” said Alex Dews, Executive Director at IMT. “Green leases promote strong relationships that are the basis for long-term partnerships that often extend beyond efficiency and sustainability.”

IMT estimates that green leases can help reduce utility bills by up to approximately 50 cents per square foot (22 percent) in U.S. office buildings alone. If all leased office buildings executed green leases, the market could reap over $3 billion in annual cost savings.

The 2024 Green Lease Leaders are:

Platinum Recognition – Landlord

  • Jamestown
  • Kimco
  • Lendlease Communities
  • Logistics Property Company, LLC
  • Rexford Industrial Realty
  • RioCan REIT
  • Vornado Realty Trust

Platinum Recognition – Tenant

  • HSBC
  • Mastercard
  • Takeda Pharmaceutical

Platinum Recognition – Team

  • Dream Office REIT
  • ICICI Bank
  • Lennard Commercial

Gold Recognition – Landlord

  • AEW
  • Agree Realty
  • Asana Partners
  • ASB Real Estate Investments
  • AvalonBay Communities
  • Ayra Corporativo
  • Choice Properties REIT
  • CommonWealth Partners
  • Diversified Healthcare Trust
  • Federal Realty Investment Trust
  • FIBRA Macquarie
  • First Capital REIT
  • GID
  • GTIS Partners
  • Healthpeak Properties, Inc. 
  • Industrial Logistics Properties Trust (ILPT)
  • InvenTrust Properties
  • LINK Logistics
  • Mapletree Investments: US Logistics 
  • Medical Properties Trust, Inc.
  • Plymouth Industrial REIT
  • Prologis, Inc.
  • Retail Opportunity Investments Corp.
  • The Tower Companies
  • Tishman Speyer
  • United Properties
  • Veris Residential, Inc.
  • W. P. Carey
  • WPT Capital Advisors

Gold Recognition – Tenant

  • Capgemini
  • Department of General Services State of California (CA)
  • GSA
  • Roche Diagnostics

Silver Recognition – Landlord

  • Ambrose
  • American Assets Trust, Inc.
  • American Realty Advisors, LLC
  • Brookfield Properties Logistics
  • Corporación Inmobiliaria Vesta
  • Fibra UNO
  • Hyperion Realty Capital
  • Macerich
  • MDH Partners
  • Penwood Real Estate Investment Management, LLC
  • Realty Income Corporation
  • Rising Realty Partners
  • Roca Desarrollos
  • Rubicon Point Partners
  • Ventas, Inc.
  • Whitestone REIT

Silver Recognition – Tenant

  • Newmark

Learn more about Green Lease Leaders


About us

For more than 25 years, the Institute for Market Transformation (IMT) has partnered with government, business, and philanthropy to improve the spaces where we live, work, and play. IMT focuses on creative and practical solutions that catalyze greater investment in high performing, energy-efficient buildings. IMT offers hands-on technical assistance and market research, alongside expertise in policy and program development and deployment and promotion of best practices and knowledge exchange. Our innovations have helped reduce carbon emissions and energy costs across billions of square feet of real estate in major U.S. cities; empowered landlords and tenants to overcome barriers to mutually-beneficial building improvements; and increased market demand for better buildings. 

Program Area(s):

Real Estate

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