The Courts of Devon is proud to announce that it has purchased Renewable Energy Certificates (REC)s from wind farms in the United States that is equivalent to 100% of its common area electricity load. This was done to offset the carbon emitted from the conventional generation of the electricity needed to power the common areas. By purchasing 100% wind power from Clean Currents, a Maryland-based green energy supplier, the electricity consumption of The Courts of Devon is now carbon neutral.
The wind power purchase of 268,680 kilowatt-hours of electricity by the Courts of Devon is equivalent to removing 417,924 pounds of carbon dioxide (CO2) emissions from the atmosphere or removing 28 single-family homes from the electric grid for a year.
“Buying renewable energy makes sense — sustainable energy use increases value, which benefits our policy owners, and it’s a win for the environment,” notes Angela Scodellaro, Washington, D.C.-based asset manager for Northwestern Mutual, which owns The Courts of Devon.
“We applaud The Courts of Devon for reducing their environmental impact and encouraging tenants to do the same. We’re excited to work with The Courts of Devon to help them further green their operations,” said Gary Skulnik, President of Clean Currents.
About The Courts of Devon
The Courts of Devon is a 253-unit luxury apartment community in Gaithersburg, MD managed by Bozzuto Management Company. This garden style community is nestled within The Lakelands, a uniquely planned community with a small town feel. Residents can easily walk to schools, entertainment, unique shops and restaurants. The mixed-use of businesses and residential condos, townhouses and single family homes gives the community a desirable “neighborhood” feel enjoyed by the community’s residents. The Courts of Devon is within minutes of I-270, approximately 30 miles northwest of Washington, D.C.
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company (Northwestern Mutual), headquartered in Milwaukee, Wisconsin, has helped clients achieve financial security for more than 155 years. As a mutual company with $1.2 trillion of life insurance protection in force, Northwestern Mutual has no shareholders. The company focuses solely and directly on its clients and seeks to deliver consistent and dependable value to them over time. For more information, please visit www.northwesternmutual.com. Northwestern Mutual is one of the largest real estate investors in the nation, with investments in commercial mortgages, equities and securitized investments across all major property types. Find more information about Northwestern Mutual’s real estate investing at www.northwesternmutualrealestate.com.