FREE WEBINAR - "Reduce Your Energy Costs and Increase Asset Value with a Pay-Out-of-Savings LED Lighting Program".

FREE WEBINAR

Presented by Minol Partners and Utility Revenue Services

"Reduce Your Energy Costs and Increase Asset Value with a Pay-Out-of-Savings LED Lighting Program".

Date: Monday, December 12, 2016, 12:00 p.m. CT.

LED Retrofit Results

Cost/Benefit Analysis, 292 Unit Multi-Family Building

LED Retrofit Results 292 units, including:

Project Breakdown
Key Decision Points for Implementation
Overall Return on Investment (ROI)
Cost of Waiting Analysis
Return on Investment (ROI) Details

Found Money

Micro-analysis delivers our client material value

BACKGROUND
The management team for a national apartment REIT employed Utility Revenue Services to review their utility reimbursement practices for their West Coast portfolio. The portfolio consisted of communities representing approximately 8,800 apartment units. Our client was using four different sub-metering companies for this portfolio.
The client’s objectives were:

"Is It Time for an Energy Retrofit?"

Energy retrofitting is becoming an increasingly popular way to recoup investments, attract and retain residents and address environmental concerns all at the same time.

Owners throughout the multifamily industry are intrigued by the notion of energy retrofitting. Whether using tried-and-true methods or new approaches, energy retrofits have the potential to deliver dramatic bottom-line gains, attract and retain residents, and address social imperatives such as climate risk.

Hospitality Case Study

Utility Revenue Services was engaged by a leading luxury resort company to provide energy procurement services and to design and execute an LED retrofit solution for a hotel property.

URS conducted an RFP process and negotiated and secured a customized gas contract that resulted in the reduction of gas expenses by 35% in peak months and approximately $50K annually. The LED retrofit solution resulted in an improvement in lighting efficiency of 83% overall.

Development Services Case Study

Utility Revenue Services (URS) was engaged by a leading multifamily development company to manage and streamline the development process with regard to utilities for its national portfolio of 50+ assets in development.

Specifically, URS assisted in:

Pre-Construction
Construction Process

READ THE FULL CASE STUDY >>>

Satisfied Clients Saving Money

"URS began working with us in early 2008 and identified opportunities to increase our utility billbacks. For our Southern California portfolio, URS analyzed 4,265 units and increased our bottom line RUBS billing by over $400,000 annually. URS was easy to work with and facilitated the billing changes with our 3rd party utility vendor to optimize our utility reimbursements without any major disruptions to our residents."

Anna Cheng Kramer, Managing Director, Pacific Urban Residential
"URS' consulting and auditing has created nearly $2,000,000 annually for our portfolio of just over 14,000 units. The savings continued when we switched to their monthly monitoring service, with which we realized savings of $2,000 in billing errors within just one month. This is a company who truly understands flexibility and customer service. We are committed to creating value for our clients, and URS has helped us fulfill that commitment."

Deb Maietta, Senior Vice-President, Multi-Family Property Management, SARES-REGIS Group
"URS saved our properties over $200,000 in utility opportunities the first year we implemented their recommendations. This was a meaningful expense reduction benefit that helped increase the value of our assets. We were very pleased with their results."

Kim Small, Senior Vice President, Director of National Operations, The Morgan Group
"URS provides a specialized and unique service that has added several million dollars of value to our portfolio. URS reviewed the utility billing practices of our third party billing vendor, adding about $200,000 annually to our bottom line and correcting a number of compliance issues. They come from and understand our industry and deliver tangible results."

David Birnbaum, Managing Director, Griffis Group of Companies
Utility Revenue Services is a utility consultant that came to my attention in 2009. After checking their references, which were glowing, we engaged them to evaluate our portfolio. They have been instrumental in improving our RUBS collections, and identifying RUBS billing practices that exposed us to a potential class action lawsuit. Every member of their team is a pleasure to work with, they epitomize "customer service," and most importantly, they have contributed to improving the bottom line of many of our properties. I would encourage anyone who wants to improve their utility NOI to contact them."

John Gleason, Managing Director of Asset Management, Security Properties
"URS performed a number of services for us. Their utility audit of our billing vendor and our billing practices significantly increased our utility NOI. Their utility audit report was thorough and easy to read. What was most helpful to us was URS' report included a comprehensive legal analysis of what we could or could not do from a billing standpoint in every jurisdiction where we had a community. Without hesitation, I would recommend URS to anyone who reallocates utility expenses to their residents."

Kim Kurz, Director of Special Projects, YES! Communities
"Our management company partners always told us that they had a pretty good handle on our utility reallocation program. But after retaining Utility Revenue Services on a recommendation, I was stunned to see how much money we were leaving on the table. URS audited the billing practices of our third party billing vendors for quite a few of our 50 communities. Immediately, they were able to identify missed revenue opportunities even beyond simple billing adjustments. In a short period of time, URS' service increased our utility net operating income and increased the value of our assets. I wish I had run into them years earlier!"

Steve Radcliffe, Managing Director of Asset Services, McDowell Properties
"Utility Revenue Services provided our firm with much needed assistance identifying new and increased revenue from our resident utility billing. URS was comprehensive in their efforts and their knowledge of the various states regulations was critical. The value this firm added to our properties was immediately evident as our revenues increased and our residents remained satisfied. I would recommend URS to other property owners."

Linda Kaboth, Vice-President of Operations, GF Real Estate Group

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