Housing
Brookfield Real Estate engages energy consultants for our New York City portfolio, who monitor periods of high demand stress on the local electricity grid, when costs are high, and demand is close to matching the available supply. During these demand stress periods, we work building-by-building to reduce energy demand throughout the properties. This resulted in operational cost savings and reduced our GHG emissions.

Logistics
Brookfield Real Estate’s U.S. logistics portfolio consists of over 350 properties across 21 states. With expansive square footage, a significant portion of energy consumption is attributable to lighting fixtures. Replacing incandescent lighting fixtures with LED lightbulbs can reduce energy consumption for lighting by 70%, reducing tenant energy consumption and cost. This opportunity was formalized as part of a phased approach to replacement through our LED Lighting Program. Through the program’s first five years, we have modernized the energy features at five million sf of our logistics portfolio. 

In 2024, Brookfield Real Estate retrofitted an additional 1.4 million sf, reducing energy consumption by ~860,000 kWh, reducing our tenants' utility costs and GHG emissions by 315 mtCO2e. We are also integrating renewable energy by developing assets with structural capacity to support rooftop solar panels. Across 13 assets we have installed 8 MW of solar panel generating capacity, which is projected to produce 17 million kWh of renewable energy each year. These solar panels will support the decarbonization of our properties, the local electricity grid, and, in some cases, incur additional rental revenue for the investment.

Retail
Brookfield Real Estate’s retail portfolio consists of over 110 properties and over 92 million sf throughout the U.S. These properties are well-suited for solar panel installations due to the low-lying, high-square-footage footprints. We have installed significant solar panel capacity at 49 properties throughout our portfolio, generating 57 million kWh of renewable energy in 2024. The electricity generated from the solar panels is either consumed on-site or sold to the local electricity grid, avoiding any energy wastage. In 2024, our retail portfolio ranks as the ninth largest on-site solar power generator in the U.S.