Real Estate Central

Former ENERGY STAR(R) Program Manager for EPA Heads Green Initiatives

NORWALK, Conn., May 6 /PRNewswire/ — GE Real Estate, a leading global
resource for commercial real estate capital, announced today that Stuart
Brodsky has been named Regional Sustainability Leader for its North America
Equity unit. Brodsky will be responsible for developing and executing a
comprehensive sustainability business strategy, which will include
identifying new green partners and development opportunities, and enhancing
profitability through the reduction of greenhouse gas emissions.

Brodsky most recently was National Program Manager, Commercial Property
Markets, for the U.S. Environmental Protection Agency’s (EPA) ENERGY
STAR(R) program. His responsibilities included coordinating the EPA’s
voluntary pollution prevention partnerships with office, warehouse, retail,
and hospitality property operators, occupants and financial stakeholders.
As a result of his outreach, private sector properties have avoided more
than 24 million metric tons of greenhouse gas emissions since 2003; saved
more than $7.5 billion in energy operating costs; and reduced energy
consumption by 114 billion kilowatt hours

He also led the agency’s outreach efforts with leading industry
associations and working groups such as the Building Owners and Managers
Association (BOMA), the National Association of Real Estate Investment
Trusts (NAREIT), the Real Estate Roundtable, the Socially Responsible Real
Estate Investment Forum, and the Green Building Finance Consortium. His
efforts expanded these partnerships to include more than 8 billion square
feet of commercial space and helped expedite the adoption of ENERGY STAR as
the national metric of energy performance in commercial buildings.

“Stuart has designed several energy efficiency programs for leading
industry groups and will be a valuable addition to our team,” said
Christian Blechinger, managing director at GE Real Estate. “His appointment
is another step forward in achieving our goal of embedding sustainability
into our practices to benefit the environment and our business.”

Last November, GE Real Estate today announced an initiative to green
its real estate investment business and its new partnership with the
Clinton Climate Initiative (CCI). The partnership enables GE to access the
elements of the CCI program as appropriate to improve the environmental
performance of its properties.

Brodsky holds a BA in English from Hobart College and a Masters in
Environmental Design from Yale University. He will be based at the
Company’s headquarters in Norwalk, CT.

GE Real Estate North America Equity actively sources and manages single
property and portfolio acquisitions to produce quality returns across
Office, Multifamily, Industrial, Retail, Hotel, Parking and Assisted Living
asset classes.

Notes to editors:

About GE Real Estate

GE Real Estate (http://www.gerealestate.com) is one of the world’s
premier commercial real estate companies with more than US$79 billion in
assets and a presence in 32 countries throughout North America, Europe,
Asia, and Australia/New Zealand. Backed by GE’s AAA rating, GE Real Estate
offers a comprehensive range of capital and investment solutions including
equity capital for acquisition or development, as well as fixed and
floating rate mortgages for new acquisitions or re-capitalizations of
commercial real estate. With a 28% compound annual growth rate since 1993,
GE Real Estate is one of the world’s fastest growing and most profitable
real estate enterprises. This extraordinary record of success grows out of
a reputation for collaboration and partnership; a depth of knowledge and
experience and a history of building relationships, finding opportunities
and opening doors for more than 5,000 owners, builders, borrowers and
brokers worldwide.

GE Commercial Finance (http://www.gecommercialfinance.com) offers
businesses around the globe an extensive array of financial products and
services. With more than US$310 billion in assets and expertise in the
middle-market, GE Commercial Finance provides loans, operating leases,
financing programs and innovative structured capital to help customers
grow. Headquartered in Norwalk, Connecticut, GE Commercial Finance is a
wholly owned subsidiary of GE (NYSE: GE), a diversified services,
technology and manufacturing company with operations worldwide.



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Source: Real Estate Newswire

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