Upload
maryann-owen
View
215
Download
1
Tags:
Embed Size (px)
Citation preview
In This Chapter
> Owner’s goals and expectations
> Key drivers toward sustainable real estate management
> Sustainability and different property types
1-1
Sensible and Sustainable
1-3
> Can be good, profitable management
> Objectivity is important
> Do not make assumptions about higher value based on general “greenness”
> Use data on specific cost savings to make case
Tenant and Resident Demand
> Employee absenteeism and recruiting
> Marketing impact for residential properties
> CAM charges
> Green-ready
1-4
Impediments to Sustainability
1-6
> Pass-through charges in commercial
> Owner-paid utilities in residential
1-7
Resistance Is Common
> Myths about sustainable real estate– Sustainability is a fad– Costs are exaggerated– Old buildings cannot be sustainable
> Other real estate practitioners who lack knowledge of sustainability- Brokers- Lenders- Contractors
1-9
> Double-glazed windows> Electrical chiller with VFD> Variable volume exhaust> Internal shades> CFLs and fluorescents> HVAC microprocessor> 10 percent energy reduction
Case Study: Reduced Operating Expenses—Multifamily
Source: Greg Martin, CPM®, Draper & Kramer, Incorporated; photo: dominicphoto.com
1-10
Case Study: Reduced Operating Expenses—Commercial
> Major renovation
> LEED and Green Globes
> Total payback less than 8 years
> 14 percent ROI
> $78,000 annual cost savings
Source: Rocky Mountain Institute, Built Environment Team http://bet.rmi.org
1-11
Payback Period and Cost-Benefit Analyses
> Cost of Upgrade ÷ Annual Savings = Payback Period
> Cost-benefit analysis- Quantitative factors- Qualitative factors
The Triple Bottom Line
1-12
> People, planet, and prosperity
> Tailor discussion to priority of owner, tenant, or resident
Regulations
1-13
> Understand relevant regulations
> Track what’s on the horizon
> Keep property in compliance—a risk management issue
> Share information with regulators and policymakers if desired– Through professional associations
Incentives
1-14
> Federal and state tax credits> Rebates from utilities> Grants for equipment,
commissioning, consulting> www.dsireusa.org> City and state Web sites> Utility representative
Voluntary Programs and Standards
1-15
> USGBC LEED> ENERGY STAR> Green Globes> ANSI National Green Building Standard™ (multifamily)> ANSI/ASHRAE/IESNA Standard 90.1> ANSI/ASHRAE Standard 90.2> 2030 Challenge—Architecture 2030> BOMA International 7-Point Challenge
1-16
> Some solutions apply to all property types; some are type-specific– Solutions must apply to your specific
property
> Office> Multifamily> Retail> Industrial
Sustainability and DifferentProperty Types