CORP CRR 2024 8.5x11 v10 - Flipbook - Page 30
2 0 2 4 CO R P O RATE RESI LIENCY REPORT
WATER
Water costs continue to rise across the country due to the
growing cost of upgrading aging utility infrastructure and
water scarcity. We are actively managing these risks by
closely monitoring the water performance of our managed
portfolio in ENERGY STAR Portfolio Manager, monitoring
interval water data for select assets, installing high efficiency
equipment and technologies and providing guidance to our
coworkers and customers on water conservation practices.
In new developments, we target a 30-40% water reduction
over the LEED certification baseline to help meet our water
reduction goals.
In 2024, we continued to install water leak detection
sensors across our portfolio that use Internet of Things (IOT)
technology to alert team members of potential water leaks.
To date, we have installed over 10,000 sensors, increasing
our portfolio coverage to 100%. We install smart irrigation
controllers at properties with expansive landscapes to better
align irrigation schedules with local weather conditions and
plant moisture requirements. Additionally, we provide training
to our engineering team on water efficiency best practices,
including cooling tower optimization, leak detection and
condensate recovery.
701 CORPORATE CENTER | RALEIGH
AVOIDED LOSSES FROM IOT
WATER SENSOR INSTALLATIONS
The deployment of IoT water leak detection sensors
resulted in the prevention of at least a dozen
water loss events in 2024. A notable incident at
701 Corporate Center in Raleigh, NC highlights the
potential water loss and property damage that could
have occurred in the absence of leak detection. Just
after 8 PM on a Thursday, team members received a
sensor alert indicating a leak in a women’s restroom.
After receiving the alert, they investigated the area
and found a running faucet and an overflowing sink.
Without leak detection, the issue likely would not have
been discovered until the next morning. The sensor
prevented the loss of over 1,000 gallons of water and
potential moisture damage to the property.
In 2024, we transitioned our water goal to an intensity-based
metric based on the re-established 2016 baseline. While our
water reduction goal remains at 10%, we are assessing water
performance in 2024 and 2025 to understand how current
usage levels are affecting water consumption.
Gateway
GATEWAY
PIPE SENSOR
701 CORPORATE CENTER | RALEIGH
TEMP SENSOR
30
WATER SENSOR
