RREEF Real Estate participates in the Obama administration’s Better Buildings Challenge
RREEF Real Estate, the real estate investment management business of Deutsche Bank’s Asset Management division today announced its participation in the Better Buildings Challenge, part of the Better Buildings Initiative, which was launched in February by President Obama, and is spearheaded by former President Clinton and the President’s Council on Jobs and Competitiveness.
The initiative supports job creation by catalyzing private sector investment in commercial and industrial building energy upgrades to make America’s buildings 20 percent more efficient over the next decade, reducing energy costs for American businesses by nearly $40 billion.
As a partner of the Better Buildings Challenge, RREEF Real Estate is supporting a commitment to reduce the energy consumption across a portfolio of at least 5 million square feet of U.S. commercial office buildings by 20 percent by 2020. Performance will be measured through the use of the U.S. DOE/EPA ENERGY STAR program.
“Our participation in this important initiative underscores RREEF Real Estate’s commitment to sustainability,” said Pierre Cherki, Global Head of RREEF Real Estate. “We continually seek innovative ways to enhance our investment management practices by incorporating meaningful and actionable sustainability metrics into our investment process and fundamentally believe that our efforts will deliver long-term value to the investments we manage for our clients.”
In 2010, RREEF Real Estate formed a Sustainability Council to provide a framework for its social, economic and environmental perspectives on sustainability within the real estate investment community. As a founding member of the Greenprint Foundation, a worldwide alliance of institutions committed to reducing carbon emissions across the global property industry, RREEF Real Estate has been benchmarking its global energy consumption and carbon footprint since 2010.
More information about RREEF Real Estate’s sustainability activities can be found at http://www.rreef.com/sustainability/overview.jsp.
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Deutsche Bank AG
Press and Media Relations
Phone: +1 212 250 5536
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
About RREEF Real Estate
RREEF Real Estate is the real estate investment business of Deutsche Asset Management. During the past 40 years, RREEF Real Estate has built a leading real estate investing business, with nearly 600 professionals located in 22 cities around the world and $58.5 billion in assets under management as of September 30, 2011. RREEF Real Estate employs a disciplined investment approach and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate and infrastructure securities, real estate debt and opportunistic real estate. RREEF Real Estate aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, and retirement plans worldwide. To learn more about RREEF Real Estate, go to www.rreef.com.