WASHINGTON, DC--(Marketwire - May 25, 2011) - Houston, Dallas and Atlanta lead the country in the number of buildings that have earned the BOMA 360 Performance Program® designation, an honor that recognizes commercial properties that demonstrate excellence in overall building operations and management. These three cities each have 20 or more buildings designated as BOMA 360 buildings since the program's inception in spring 2009. Fifty-five markets across the U.S. have widely embraced the program. These markets include Washington, D.C., San Francisco, New York, Denver and Chicago.
"In this competitive commercial real estate market, the success in Houston, Atlanta and Dallas can serve as a model for building owners and property managers across the country who are looking to differentiate their properties," commented BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer, Stream Realty Partners, L.P. "BOMA 360 provides third-party validation that a building is operated and managed to the highest standards of excellence."
The comprehensive nature of the BOMA 360 Performance Program means that every aspect of building performance is assessed, and scores are based on how buildings meet extensive criteria of best practices in the following areas:
- Building operations and management;
- Life safety/security/risk management;
- Training and education;
- Energy;
- Environment/sustainability; and
- Tenant relations/community involvement.
Combined, Houston, Dallas and Atlanta make up more than one-quarter of the current 230-plus BOMA 360 Performance Program buildings. Some notable properties include:
- Houston's Greenway Plaza, managed by Crescent Real Estate Equities
- Dallas's Rosewood Court, managed by Stream Realty Partners
- Atlanta's Riverwood 100 building, managed by Fifth Street Management Company, LLC
Research indicates that BOMA 360 buildings are market leaders. According to a recent study conducted by Kingsley Associates, buildings that achieve the BOMA 360 Performance Program designation have higher tenant satisfaction scores in 47 out of 50 categories relating to tenant relations compared to commercial office buildings without the BOMA 360 designation.
"BOMA 360 has helped our building managers showcase the all-around strengths of their properties, which has helped position us as stronger market leaders," remarked Robert L. Carlen, CPM, vice president of property management, Crescent Real Estate Equities.
To view all the buildings that have received the BOMA 360 designation, visit http://www.boma.org/getinvolved/boma360/Pages/360Buildings.aspx.
For more information on the BOMA 360 Performance Program, visit www.boma.org/GetInvolved/BOMA360.
About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International's mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.