Sub-metering has been known to help multifamily managers cut costs. Now, as part of Fannie Mae’s Green Initiative, the simple technology can help both multifamily developers and existing properties loans.
Fannie Mae recently issued the report “Transforming Multifamily Housing: Fannie Mae’s Green Initiative and Energy Star for Multifamily,” which quantifies the benefits of energy efficiency on a blend of 1,163 multifamily properties. The data will be used to create standards for the Green Mortgage Backed Securities.
The report reveals that the least efficient properties consumed at least three times more energy and six times more water per square foot than the most efficient properties.
Read more...Transforming Multifamily Housing | The Balance Sheet - Yardi Corporate Blog