Real Estate Weekly
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Construction & Design

SL Green, Vornado class acts in BOMA performance program

The Building Owners and Managers Association (BOMA) International announced that it has conferred the BOMA 360 Performance Program designation upon a record 80 new properties in the third quarter of 2015, making this class of designees the largest in the history of the program.

The impressive growth is due in large part to the efforts of Manhattan-based SL Green Realty Corp. and Washington, D.C.-based Vornado/Charles E. Smith LP, which both submitted a sizable portion of their portfolios for designation consideration this quarter. The BOMA 360 Performance Program evaluates commercial properties in six major areas: building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement.

BOMA 360 designated buildings are required to renew their designation every three years. Since the program’s inception in 2009, more than 1,200 designations have been conferred in more than 70 markets across the United States and around the globe.

Earning a BOMA 360 designation offers buildings tangible results, measured through higher tenant retention and satisfaction scores, higher rental rates and documented operations and management savings and efficiencies as reported in designee surveys and by CoStar and Kingsley Associates.

“BOMA International is thrilled to announce a significant expansion of the BOMA 360 Performance Program this quarter and to congratulate our latest class of designees,” commented BOMA International Chair Kent C. Gibson, BOMA Fellow, president of Capstone Property Management, L.C.

“As the BOMA 360 program continues to gain momentum within the marketplace, properties and portfolios with the designation are realizing the competitive advantage that comes with demonstrating excellence in building operations and management.”

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