Multifamily | Utility Revenue Services

Latest News:

URS completes three LED lighting projects for Highmark Residential in the Denver, Colorado market.

URS retained by RREEF to audit their recent 8 community acquisition.

JPI retains URS for 3 more development projects in Southern California.

URS retained by Second Wave for development projects in Florida and Tennessee.

URS completes LED lighting project at Little Rock military base-reduces military housing electric costs by approximately 40%

Bainbridge Companies retains URS for 6 Florida development projects.

Mesirow Financial retains URS to perform its utility audit service for its multi-family portfolio.

URS completes 125th development project for Wood Partners.

URS is a national energy management firm that specializes in generating efficiency and cost savings for our clients through programs like LED lighting retrofits. URS has developed relationships with the leading LED lighting manufacturers to bring real estate owners and operators the best products with the most competitive pricing to lower electricity costs across their portfolios. URS works with the leading real estate investment firms nationally and increases their bottom line results by better managing energy costs.

LED technology has been evolving rapidly, and all LED light bulbs are not created equal. Navigating the myriad of information, suppliers, and differences between efficiency products is increasingly challenging. URS serves as your independent LED expert to support design requirements, procure the right products, manage logistics and fulfillment, and provide the highest level of customer satisfaction throughout the entire process.

For the past 12+ years, URS has been the leading utility expert delivering increased utility NOI and value to owners’ multifamily, commercial, military, hospitality and affordable portfolios. Now, URS brings you a fully-managed LED Lighting Service that generates further value.

Turnkey Solutions
National Installation Capabilities
No Upfront Cost Option Available

CASE STUDY: LED RETROFIT PROJECT FOR A 292 UNIT MULTIFAMILY PROPERTY

OVERALL RETURN ON INVESTMENT (ROI)
Return on Investment %: 81
Estimated Annual Cost Savings: $63,157
Pre-Rebate ROI (in years): 1.2
Increase in Asset Value (5% cap): $8,633,660

Project Breakdown	Qty	Total Cost
Porch Sconces (12 x 7) Exterior	292
Surface Domes (24 x 7) Exterior	12
Parking Garage (24 x 7) Exterior	50
Steplights (12 x 7) Exterior	41
Lobby (24 x 7) Interior	21
Hallway - Surface Domes (24 x 7) Interior	800
Hallway - Room Sconces (24 x 7) Interior	292
Fitness (24 x 7) Interior	4
Pool and Bathrooms (24 x7) Interior	1
Unit Circulars (12 x 7) Interior	4,000
Unit Track Lighting (12 x 7) Interior	2,000
Resident Lounge (24 x 7) Interior	14
Total Quantity	7,527
URS Energy Consulting Fee		10,196
Total Project Cost		$78,171

Cutting down on energy costs and controlling energy consumption is a priority for all owners. Switching to LED lighting conserves cash flow and delivers on both of these objectives. The greatest barrier to implementing LED lighting solutions is budget constraints and upfront costs. "Pay through Savings" overcomes this budget dilemma by providing savings in energy without any upfront investment from the customer. Owners can use the savings realized from LED lighting retrofit projects to pay for the upgrades over a period of time.

We perform lighting audits, select appropriate products, manage installation - saving our clients from the bid process, selecting and managing installation vendor and dealing with subcontractors.
We secure rebates and handle warranty replacements.
We manage all aspects of project logistics so our clients don't have to provide or allocate project management resources.

URS serves as your independent LED expert to support design requirements, procure the right products, manage logistics and fulfillment, and provide the highest level of customer satisfaction throughout the entire process. The cost of waiting far exceeds the investment, and rebates are often available to further lower your cost. Contact us today!

Satisfied Clients Saving Money

URS’ audit of 132 properties in our multifamily portfolio increased our annual utility NOI by over $2.6 million and resolved 81 legal compliance issues. URS is a valued partner that we are pleased to include in our standard transition process as our portfolio grows.

Meredith Wright, President, Mission Rock Residential
"We began working with URS to identify 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
We came across Utility Revenue Services, while seeking a utility consultant. 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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Latest News:

CASE STUDY: LED RETROFIT PROJECT FOR A 292 UNIT MULTIFAMILY PROPERTY

OVERALL RETURN ON INVESTMENT (ROI) Return on Investment %: 81 Estimated Annual Cost Savings: $63,157 Pre-Rebate ROI (in years): 1.2 Increase in Asset Value (5% cap): $8,633,660

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Satisfied Clients Saving Money

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OVERALL RETURN ON INVESTMENT (ROI)
Return on Investment %: 81
Estimated Annual Cost Savings: $63,157
Pre-Rebate ROI (in years): 1.2
Increase in Asset Value (5% cap): $8,633,660