Aug 30, 2024
Multifamily property owners have grappled with a persistent set of challenges that have only intensified over the past two years. In addition to a slowdown in rental income and elevated interest rates, many have seen their operational expenses skyrocket to unprecedented levels. One simple way to control costs is by analyzing and tackling a property’s […]
Jun 13, 2024
Amid widespread demand for sustainability and low-cost debt, one asset type is leading the charge for Texas’ Commercial Property Assessed Clean Energy program. Hospitality groups are increasingly turning to C-PACE to help finance new and existing projects, with half of loans administered by Lone Star PACE so far this year tied to hotels. Owners are […]
Jan 9, 2024
To provide services for guests, hotel properties are prone to consuming a high volume of energy and water. Heating, cooling, lighting, laundry, irrigation, and operating swimming pools are just some of the activities that drive usage. Just how much? A recent report from the Urban Land Institute reveals that hotels are among the highest energy […]
Sep 16, 2023
According to data from the Department of Energy, there are nearly 6 million commercial properties in the U.S., utilizing 97 billion square feet of floor space. Collectively, this sector spends $190 billion on energy, creating an opportunity for businesses to improve efficiency and reduce costs around heating, cooling, lighting, and water. For mixed use property owners […]
Sep 2, 2023
As retail property owners adjust to a new normal and reimagine business models, controlling costs will be critical to success. Retail properties use an average of 18.3 kilowatt-hours (kWh) of electricity per square foot annually, with 60% of it consumed by lighting, heating and cooling. Lighting alone represents 25% of usage! You have an opportunity […]
Aug 26, 2023
Hot summer days and cold winters can be expensive for office building owners. According to the EPA, heating and cooling is one of the top uses for water consumption in office buildings. Energy represents nearly 20% of operational costs with more than 50% of energy use in the average office building coming from lighting, heating, […]
Aug 19, 2023
Outdated, inefficient HVAC systems, lighting, water management and insulation are costing industrial property owners. According to data from the U.S. Energy Information Administration, the industrial sector consumes a considerable amount of energy in the U.S., accounting for 36% of total end-use energy consumption. Water consumption resulting from industrial processes and heating and cooling also adds up, […]
Aug 9, 2023
Energy expenses can be one of the largest operating costs for a multifamily building. Water usage can add up too, especially in Texas where water expenses are the 10th highest in the country. It doesn’t help that energy and water expenses are variable, making the costs unpredictable for you and your tenants. To reduce costs, multifamily […]
Sep 30, 2021
Energy and water expenses are a significant operating cost for entertainment facilities. To accommodate crowds for activities such as sporting events, social gatherings or performances, venues may have sprawling square footage, vaulted ceilings, and require bright lights—driving up heating, cooling, and electrical costs. Water consumption from heating, cooling, and operating restrooms also adds up throughout […]