Matthew Holden • 6 min read
A 2012 Deutsche Bank study titled “Recognizing the Benefits of Energy Efficiency in Multifamily Underwriting” analyzed 230 buildings encompassing over 21,000 units of affordable housing where energy efficiency retrofits were performed to understand how predicted energy savings stacked up to actual energy savings. The results: only about 61% of predicted savings were realized.
Matthew Holden • 6 min read
Developing, owning and managing commercial real estate is a complicated, labor-intensive and expert-driven endeavor, and it is unreasonable to think that one individual can “play all positions.” Just as the owner of a pro football team needs an entire roster of on- and off-the-field talent to make his enterprise successful, owners and developers of affordable housing need a variety of teams to acquire, develop and maintain properties. These days, one of the most critical teams in maximizing efficiency and profit is an energy team. And what separates out the high-performing energy/maintenance teams is their ability to maintain results for the 15-plus years of the building’s compliance life.
Matthew Holden • 7 min read
Your affordable multifamily housing acquisition/ rehab project begins with a vision of an efficient and comfortable building at completion. But after lease-up will you actually achieve the expected high performance in energy and water efficiency designed into the project, and therefore peak financial performance?