Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today that the company was a recipient of the NAREIT Leader in the Light Award. The award, which was conducted this year in conjunction with the Global Real Estate Sustainability Benchmark survey, honored NAREIT member companies that have demonstrated superior portfolio-wide energy use practices and sustainability initiatives. The company was the winner of the small cap award for the retail sector.
“We are honored to win an award that recognizes our efforts on sustainability initiatives,” said Jeff Olson, CEO of Equity One. “We are extremely pleased with the progress we have made with our property management programs and our other corporate sustainability initiatives which reflect our commitment to responsible energy practices."
ABOUT EQUITY ONE, INC.
As of September 30, 2012, our consolidated property portfolio comprised 167 properties, including 143 retail properties and five non-retail properties totaling approximately 16.7 million square feet of gross leasable area, or GLA, 12 development or redevelopment properties with approximately 2.5 million square feet of GLA upon completion, and seven land parcels. As of September 30, 2012, our core portfolio was 91.9% leased and included national, regional and local tenants. Additionally, we had joint venture interests in 19 retail properties and two office buildings totaling approximately 2.8 million square feet of GLA.