Tuesday, August 28, 2012

Getting Premium Rents for Taking the LEED via Multifamily Executive Magazine

David Zucker’s interest in green building started in a Dumpster.

“Every Friday, I’d see a container full of what I knew was usable stuff being hauled away to the landfill,” he recalls of watching (and paying for) the weekly disposal of construction waste from one of his early multifamily projects. “I just wanted to save some money on building materials by trying to be less wasteful.”

That purely proprietary goal quickly evolved into a wholesale commitment to green building, one that has resulted in sky-high returns and retention rates, lower operating costs, higher rents, and satisfied tenants and investors—all for a premium of less than 2 percent of overall development costs.

Read more...Getting Premium Rents for Taking the LEED - Green Building - Multifamily Executive Magazine

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