Thursday, May 7, 2015

American Realty Advisors Cuts Water Use by 27 Percent in Charlotte, NC Office Property



South Tryon Square, 201 South Tryon, Charlotte, NC

 CHARLOTTE, NC, May 7, 2015 – Institutional real estate investment manager American Realty Advisors has announced that its ongoing strategy to boost sustainability throughout its national portfolio has had a substantial effect on water consumption for its office property South Tryon Square, located at 201 S. Tryon in Charlotte, North Carolina.

Stanley lezman
The firm, which currently has $6.7 billion in assets under management, reduced water consumption at South Tryon Square by 27 percent, and was recognized as a leader in water conservation by the Environmental Protection Agency.

“The need for water conservation is a growing concern across the U.S.,” says Stanley Iezman, Chairman & CEO of American Realty Advisors. “According to a 2013 survey by the Government Accountability Office, 40 states expect to experience water shortages in the next decade.”

 Iezman continues, “The U.S. consumes a whopping 26 billion gallons of water daily, and commercial properties account for nearly 12 percent of that consumption. 

Based on these numbers, it’s essential for asset managers to go beyond talking about sustainability, and instead find new ways to actually move the needle when it comes to water use reduction.”

 South Tryon Square is a 236,697 square-foot, 15-story Class A office building.

For a complete copy of the company’s news release, please contact:
Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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