www.hinesmanagementservices.com

The hidden costs of operating expenses: Capital Expenditures

23 years = ASHRAE standard life expectancy of centrifugal chillers

35+ years = Hines-maintained chiller life.

This represents $1,200,000chiller replacement cost deferred

for 12 years. (*)

(*) $1,000/ton replacement cost; based on a 400,000-sq-ft building

“Hines maintains properties at a measurably higher level than the industry. Why? Because it is a good business decision that increases value. Their success starts with design, adds well trained operators and invokes a discipline that ensures consistency. Result: A property remains in near-new condition.

“We at I. A. Naman + Associates, Inc. use Hines properties as a reference, especially with our new people, as to how operation and maintenance should be performed.”

Charles E. Durrett, P. E.Executive Vice PresidentI. A. Naman + Associates, Inc.

050905 www.hinesmanagementservices.com