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.