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Balfour Beatty Communities Signs On as Largest Multifamily Partner in Department of Energy’s Better Buildings Challenge



  Balfour Beatty Communities Signs On as Largest Multifamily Partner in
  Department of Energy’s Better Buildings Challenge

 Company will leverage solar energy and green building initiatives to reduce
             energy consumption 20% across its housing portfolio

Business Wire

NEWTOWN SQUARE, Pa. -- January 16, 2014

Balfour Beatty Communities, LLC, a leading provider of property management,
development and related real estate services for the multifamily, military,
and student housing markets, today announced its participation in the
Department of Energy’s (DOE) Better Buildings Challenge, an initiative asking
U.S. companies, universities and state and local governments to step up and
commit to significant reductions in both energy consumption and waste across
their portfolio of properties. Balfour Beatty Communities has committed to
reducing energy consumption across its portfolio of military, student and
multifamily housing—44,000 homes across 26 states—by 20% over a period of 7
years.

Balfour Beatty Communities joins the Challenge as part of the DOE and
Department of Housing and Urban Development’s (HUD) expansion of the program
to include the multifamily housing sector. This expansion is widely viewed as
an important step toward achieving the goals laid out in President Obama’s
Climate Action Plan. With more than 50 million square feet in its housing
portfolio, Balfour Beatty Communities’ becomes the largest multifamily partner
in the Better Buildings Challenge.

“By committing to the energy efficiency goals of the Better Buildings
Challenge, Balfour Beatty Communities has taken a significant step towards
reducing long term energy costs, supporting innovative technologies, and
creating good jobs,” said HUD Secretary Shaun Donovan. “Working together, we
will increase housing affordability for owners and residents and foster
healthier communities and neighborhoods.”

As a Better Buildings Challenge participant, Balfour Beatty Communities will
showcase innovative strategies to boost energy efficiency, including lighting
improvements, heating and cooling system upgrades, installing rooftop solar
systems and supporting creative financing for energy retrofits and green
construction. The company will also share best practices and lessons learned
with other Challenge participants—serving as a model for the broader U.S.
multifamily housing industry.

Chris Williams, president of Balfour Beatty Communities, said, “This
commitment aligns with our practice of raising the bar within the housing
sector through innovative, efficient construction and renewable energy
deployment. We are excited to work with the DOE and our fellow Challenge
partners on a national level to bring transformative change to the multifamily
sector in the U.S.”

Balfour Beatty Communities has developed and manages 550 homes within a
Balfour Beatty Sustainable Urban Neighborhood^℠ portfolio that will achieve a
National Green Building Standard (NGBS) of Emerald, utilize renewable energy,
and provide educational programs on sustainable living for residents. To put
that in perspective, the NGBS emerald standard requires a minimum of 60% above
the International Energy Conservation Code (2006), while LEED-H Platinum only
requires 10% above an American Society of Heating, Refrigeration and
Air-conditioning Engineers standard.

The company also is managing the development of solar on rooftops at its Fort
Bliss, Texas military housing community, a system that could reach up to
13.2MW by 2016. Balfour Beatty Communities also is evaluating the
implementation of solar panel roof installation at other communities within
its military housing portfolio in Colorado, and across the northeastern and
southeastern regions of the United States. Concepts for energy efficiency and
renewable benefits are being incorporated into the company’s recent expansion
into property management and development services for the affordable housing
sector, understanding every dollar saved means more money going back to the
local economy.

Balfour Beatty Communities has been named “Home Innovation Research Lab’s
Green Certification Partner of Excellence” for 2012-2013 for its commitment to
reducing energy consumption and creating local job opportunities. According to
Tabitha Crawford, SVP for Sustainability & Innovation, and also a Certified
Energy Manager^® and Certified Demand Side Manager^™, efforts make a
difference, “Consider the impact companies like Balfour Beatty can make when
committing an entire portfolio to reducing energy. It’s like replacing a coal
fired power plant while creating jobs in the new, clean energy economy, and
meeting the demands of next generation residents. It’s pretty exciting to be
part of a team that is committed to sustainable practices on a global scale.”
Crawford is rolling out #NextGenLiving on social media this year to invite
students, residents and clients to join the discussion about communities of
the future.

About Balfour Beatty Communities

Balfour Beatty Communities, LLC is a diversified real estate services company
delivering development, design, financing, construction, renovation, property
and facilities management services in the multifamily, student and military
housing sectors. A leader in the industry, Balfour Beatty Communities has more
than 44,500 residential units and $5.5 billion in real estate assets under
management and has developed or renovated more than 27,000 units with a total
value of close to $4 billion. Headquartered outside Philadelphia, PA, Balfour
Beatty Communities has more than 1,200 employees and is a subsidiary of
Balfour Beatty Investments, Inc.

Balfour Beatty Investments is part of Balfour Beatty plc, a global leader in
professional services, construction services, support services, and
infrastructure investment, with more than $17 billion in annual revenues.

Contact:

Balfour Beatty Communities
Maureen Omrod
Communications Director
610-355-8136
momrod@bbcgrp.com
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