Green Multifamily Tools

Green is good for everyone.  Due to their size, multifamily properties have an opportunity to make a difference.  Even though Apartment Managers have plenty on their plates already, adding environmental awareness is good business. Kim Duty, Vice President of Communications for Multifamily Housing Report has a green tip for us: The U.S. Environmental Protection Agency has launched a multifamily version of its ENERGY STAR Portfolio Manager. The online energy performance tracking tool allows building owners and operators to measure and manage their buildings’ energy consumption.

A comparable tool has existed for the office sector for more than a decade, and the National Multi Housing Council has been urging EPA to release a multifamily-specific version for years.

Look for tips during Earth Week April 18-22 to increase your green awareness.  To increase your awareness of multifamily investment options, contact Rick M. Bean now at: 503.577.1034 or rick@rosecitycre.com.

The tool will allow apartment owners to assess their portfolios’ energy performance, identify under-performing buildings, set investment priorities to make targeted energy efficiency improvements and earn recognition for achievements.  Software upgrades were made last month.

Using Portfolio Manager, apartment firms can enter building square footage and whole-community energy and water data, as well as optional building attributes, to benchmark performance.

To learn more about the ENERGY STAR Portfolio Manager, visit NMHC’s Green Practices web site at www.nmhc.org/goto/5147.   To learn more about National Multi Housing Council go to www.NMHC.org.  They have a number of free industry related resources.  And remember…green’s not just good for the environment…it’s good business.

Other articles you may like:

 

The Importance of Due Diligence in Multifamily Profits – Phase II – Books and Records | Rose City Commercial Real Estate

Demystifying multifamily cap rates, NOI, and investing basics | Rose City Commercial Real Estate

Multifamily real estate investment basics – part 1 of a series | Rose City Commercial Real Estate

Attractive cap rates attract investors to multifamily properties in Portland | Rose City Commercial Real Estate

Prospects for multifamily sector improve greatly | Rose City Commercial Real Estate

 

Leave a Comment

*