Carbon Lighthouse CEO, Brenden Millstein, has been recognized as a Globe St. Real Estate Forum Fifty Under 40 for successfully challenging the energy efficiency norms of the real estate industry and delivering innovative solutions that yield guaranteed results for building owners. Interestingly, Brenden was the only recipient from an energy-related company – an indicator that energy initiatives are increasingly becoming a normal course of business in CRE. Those initiatives that lead to bottom-line revenue while achieving long-term sustainability can benefit both property owners and can actively help cities across the U.S. achieve aggressive goals to reduce carbon emissions.
While a focus on sustainability isn’t new to real estate, the business case for profit-driven carbon elimination is clear. There is about $100 billion in Efficiency Reserves — wasted energy that can be eliminated using today’s technologies — in U.S. commercial buildings. Carbon Lighthouse’s unique approach of Efficiency Production has changed how commercial real estate views energy efficiency — what was seen as a painful cost for building owners can now be leveraged to create alpha. Owners like Alexander & Baldwin, Ohana Real Estate Investors, Kilroy Realty Corporation, and Hawaiian Airlines, and others in 650 buildings across the U.S. are already achieving the financial value to boost net operating income (NOI).
Brenden and his fellow Fifty Under 40 award winners are a testament to the bright future and the role of innovation in the next generation of real estate. Globe St. Real Estate Forum collected nominations from thousands of candidates across the country and selected top young professionals across several fields.
“Being listed among the new generation of real estate leaders by Globe St. speaks to the accomplishments of the entire Carbon Lighthouse team. Our mission is to stop climate change, which is a massive challenge that’s going to take more than one person or company. It’s this shared passion and work ethic that drives each person at Carbon Lighthouse to deliver client results and CO2 savings for 650 buildings across the U.S. And, we’re just getting started!” – Brenden Millstein, CEO of Carbon Lighthouse.
These accomplished young leaders are highlighted in the October 2019 Career issue of Real Estate Forum, being distributed at shows such as GlobeSt Multifamily, NAIOP CRE. Converge, CCIM Global, NMHC Student Housing and more.