Growing Multifamily Value Through Smart Energy Savings
Rising energy costs put direct pressure on NOI. This white paper, produced with research firm Parks Associates, shows how operators are using smart thermostats, lighting, sensors and leak detection to cut energy and water costs across their portfolios, including in retrofit environments.
What the research found
Sources: Parks Associates, 2024 MDU owner and operator study; ACEEE
Inside the research
Parks Associates surveyed MDU owners and operators about their smart energy deployments and found returns outpacing expectations: properties anticipated 9-12% utility savings and reported 18-19% in practice. The paper covers where the savings come from, from smart thermostats and lighting controls to leak detection and boiler automation, why only half of operators with a smart platform have fully integrated their thermostats, and how energy technology doubles as a leasing amenity for the 83% of residents who want to reduce their energy use. It closes with a practical three-step plan operators can act on now.
Download the white paper to find out
- The low-hanging-fruit energy savings and where to start
- How operators are marketing energy technology as an amenity
- What MDU owners actually saved versus what they expected
- A three-step plan for reducing consumption and increasing value