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alvanize Real Estate has acquired a five-property industrial portfolio in Maryland, totaling over 680,000 square feet. The properties are located along the Interstate 95 corridor and near the Interstate 495 Capital Beltway in Howard and Prince George's counties.

    The acquisition marks Galvanize's fourth investment since its founding in October 2022, bringing its total holdings to over 1.6 million square feet. As a global asset management firm specializing in decarbonization, Galvanize aims to enhance the portfolio's operational and financial performance through strategic interventions that reduce emissions while increasing attractiveness to tenants.

    The properties are subject to Maryland's Building Energy Performance Standard (BEPS), which requires larger buildings to disclose greenhouse gas emissions and achieve net zero emissions by 2040. Galvanize plans to implement sustainability measures, including electrification and on-site energy generation, to reduce on-site carbon emissions by up to 118-138% of the portfolio's baseline.

    The five properties are located in Landover, Elkridge, and Annapolis Junction, with the largest asset being a 275,890-square-foot warehouse built in 2009. Galvanize has made similar acquisitions in New Jersey, including a manufacturing facility leased to National Tree Co., which features on-site renewable power generation.

    "We see a clear path to enhancing its operational and financial performance through science-driven interventions that reduce emissions while increasing attractiveness to tenants," said Joe Sumberg, managing partner of Galvanize Real Estate. "With the Building Energy Performance Standard, Maryland is setting a new national standard for action and accountability in real estate decarbonization."