Press Releases


<p><b>INDIANAPOLIS, IN. – (March 24, 2009) – </b> BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced today that 8500 Keystone Crossing, a five-story, 100,000 square foot Class A office building located in the firm’s 1.2 million square foot, six building Keystone at the Crossing office park in Indianapolis, has earned the U.S. Environmental Protection Agency (EPA) prestigious Energy Star rating. Energy Star is the national symbol for superior energy efficiency and environmental protection. By earning this designation, 8500 Keystone Crossing joins the ranks of the top 25 percent of commercial and industrial facilities in the country for energy performance.</p> <p>“We are pleased that 8500 Keystone Crossing has achieved the EPA’s Energy Star rating,” commented Nancy S. Cleveland, JD, LEED AP, senior vice president and director of sustainability for BPG. “Earning this rating furthers BPG’s sustainability initiatives both locally in the Midwest and nationally throughout our commercial portfolio.” </p> <p>BPG worked closely with Colliers Turley Martin Tucker, the property management firm for the building, to improve the energy performance of 8500 Keystone by making cost-effective improvements to the building including retrofitting or replacing lighting fixtures in the office and hallway areas with high-efficiency T-8, T-5, LED Exit Signs and Compact Fluorescent lamps, removing all incandescent and halogen lamps and controlling and monitoring HVAC and lighting systems with an energy management system.</p> <p>“We strongly believe in fostering sustainability and energy efficiency for the benefit of both the environment and our tenants,” commented Timothy Scannell, vice president of BPG who is responsible for overseeing the asset management and operations of Keystone at the Crossing. “The improvements to lighting and energy efficiency were an integral part of our overall repositioning and renovation of 8500 Keystone and the entire Keystone at the Crossing office park.”</p> <p>BPG acquired Keystone at the Crossing in the fourth quarter of 2005 on behalf of BPG Investment Partnership VII, L.P., a fully discretionary private equity fund with total equity commitments of $550 million. Since the time of acquisition, BPG has completed extensive improvements including refurbishing lobbies, corridors and washrooms; brightening facades; installing new landscaping; enhancing energy efficiency; enhancing security; improving building monument signs; and creating a new 4,000-square-foot fitness center and a 2,000 square foot conference facility.</p> <p>Energy Star was introduced by EPA in 1992 as a voluntary, market-based partnership to reduce greenhouse gas emissions through energy efficiency. Today, the Energy Star label can be found on more than 50 different kinds of products, new homes, and commercial and industrial buildings. Products and buildings that have earned the Energy Star designation prevent greenhouse gas emissions by meeting strict energy-efficiency specifications set by the government. Commercial buildings that earn the Energy Star use an average of 40 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere.</p> <b>About BPG Properties, Ltd.</b><br> BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers. BPG’s portfolio consists of over 20 million square feet of office, retail, student housing, and industrial properties and more than 25,000 apartment units in more than 100 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at<br> <br> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363<br> <br> <b>For additional information on Keystone at the Crossing, please contact:</b><br> Timothy Scannell, Vice President, 312-673-3386