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| 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.
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| 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
.
