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Bozzuto-Managed Community Recognized For Excellence In Green Design By U.S. Green Building Council Maryland Chapter

February 09, 2017

Flats 8300 is Winner for Excellence in Green Building

GREENBELT, MD — February 09, 2017 — Bozzuto, an experiential real estate company, and Invesco Real Estate, a global real estate investment manager, are pleased to announce today that Flats 8300 in Bethesda, MD has been recognized as the Winner for Excellence in Green Building in the residential category of the U.S. Green Building Council Maryland Chapter Wintergreen Awards. In addition, another Bozzuto-managed community, the LEED Silver certified Flats at Bethesda Avenue, was named a finalist in the same category. The Wintergreen Awards celebrate and recognize excellence in healthy building design, environmental stewardship and community impact.

“We are fortunate to work with clients such as Invesco Real Estate with such a strong commitment to smart design, transit-oriented development and high-performance buildings. We are honored to carry these sustainability goals over as operators of such fantastic communities as Flats 8300 and Flats at Bethesda,” said Peter Zadoretzky, Director of Sustainability, Bozzuto Management Company.

Lesley Lisser, Director and Senior Asset Manager at Invesco Real Estate comments: “We are thrilled that Flats 8300 has been recognized by the U.S. Green Building Council for its environmental stewardship and community impact. Invesco Real Estate and its clients across the globe take sustainability very seriously and the Wintergreen Award demonstrates this to our tenants, the Bethesda community and our international investors. We recognize and appreciate the hard work shown by Bozzuto in this accomplishment, and look forward to working together to achieve LEED Gold.”

Sustainable features of Flats 8300 include:

  • 74 percent open space, green roof, two electric vehicle-charging stations with two car-sharing spaces and Capital Bikeshare amenities. Flats 8300 has a WalkScore of 88.
  • The site has achieved a 35.8 percent reduction in water usage through water-efficient landscaping and 40.3 percent reduction in water use through other efficiency measures.
  • The project has achieved an energy cost savings of 23.72 percent over standard code.
  • The U-shaped building is a response to two busy avenues that border the site, Wisconsin and Woodmont. A spacious interior courtyard overlooks parkland to the North, providing a refuge for residents.
  • Anticipating LEED Silver certification.

Bozzuto strives to minimize its global and community impact through the way it develops, builds and manages communities across the United States. Bozzuto properties provide sanctuary for residents through thoughtful design while using materials, systems, and operational best practices carefully selected to support sustainability efforts.

Flats 8300 is owned by a mandate managed by global real estate investment manager Invesco Real Estate and was developed by StonebridgeCarras and Walton Street Capital. Flats at Bethesda Avenue is owned by Northwestern Investment Management Company and was developed by StonebridgeCarras and PN Hoffman. Both communities are managed by Bozzuto Management Company.

About Bozzuto

The Bozzuto Group is an experiential real estate company that is continually celebrated for its developments, customer service and workplace culture. With an expertise in homebuilding, multifamily development, construction and management for itself and its clients, Bozzuto is devoted to crafting extraordinary experiences. This commitment is applied to creating communities that mix belonging and inspiration with the promise of adventure and discovery.

Founded in 1988, Bozzuto has developed, acquired and built more than 42,000 homes and apartments. Currently, it manages more than 60,000 apartments and two million square feet of retail space along the East Coast between Miami and Boston, in the Northeast and Chicago. www.bozzuto.com.

About Invesco

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.NYSE: IVZ; www.invesco.com.

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with $68 billion in real estate assets under management, 447 employees and 21 regional offices across the U.S., Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc. which is an indirect, wholly owned subsidiary of Invesco Ltd., (NYSE: IVZ), one of the largest investment management firms in the world with $813 billion in assets under management and on-the-ground presence in 29 cities worldwide. Information as of December 31, 2016.

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