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Media Contact:
Adam Atwood
214.418.4332
Adam.Atwood@TranscendED.com
 
 

The Washington Times on March 13, 2008

Green Retrofits Turn a Profit
Corporate Office Properties Trust is getting $13 million in energy efficiency upgrades to some of its buildings in the Washington area but will not need to pay anything more than it always paid for upkeep.

The company's contract with Transcend Equity Development Corp. represents a novel approach to energy conservation and the bottom line.

"We're completely driven by making a good business case for the efficiency," said J. Stephen Gossett Jr., Transcend Equity's vice president. "When people are getting killed at the gas pump, they pay a lot more attention to all kinds of energy. The higher energy costs are, the more valuable the energy savings we create."

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