Sole American Real Estate Company Selected to Participate
LOS ANGELES (September 04, 2018) – Kilroy Realty Corporation (NYSE: KRC) announced its participation in and sponsorship of the upcoming Global Climate Action Summit (the “Summit”), to be held in San Francisco September 12-15. The Summit will bring together the world’s climate leaders with the goal of launching deep environmental commitments and accelerating action from cities, states, businesses and investors.
KRC is the sole American real estate company that has been selected to participate in the Summit. KRC CEO John Kilroy will be providing opening remarks at the ‘Building Up to Net Zero Carbon Emissions’ session with government leaders and real estate developers from Europe, Africa and Asia. All participants in this track are expected to report meaningful climate action commitments such as steep emissions reductions by 2030.
“KRC’s longstanding and progressive environmental programs have deeply benefited our tenants, investors, employees and other stakeholders as well as the earth,” said Mr. Kilroy. “Participating in this Summit demonstrates that we believe that real estate has a critical role to play in global climate action efforts, and we are up to the challenge.”
About Kilroy Realty Corporation
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
At June 30, 2018, the company’s stabilized portfolio totaled approximately 13.9 million square feet of office space located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle and 200 residential units located in the Hollywood submarket of Los Angeles. In addition, KRC had three projects under construction totaling approximately 1.0 million square feet of office space, 608 residential units and 120,000 square feet of retail space as well as two projects in the tenant improvement phase totaling approximately 1.2 million square feet of office and PDR space. The office components of the two projects are fully leased to Adobe and Dropbox.
The company has been recognized by GRESB as the North American leader in office sustainability for the last four years and is listed in the Dow Jones Sustainability World Index. At the end of the second quarter, the company’s stabilized portfolio was 59% LEED certified and 76% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.
