Check out this article from GlobeSt.com that features Nick Stolatis and JDM’s Deb Cloutier discussing the challenges and opportunities for implementing deep energy retrofits. The article offers best practices for successfully implementing programs that yield energy savings and highlights tools and resources to help evaluate the potential for deep energy retrofits.
JDM will be joining industry colleagues to discuss the latest trends in commercial real estate at the BOMA International Conference and Expo from June 24 to June 27 in Nashville, TN. Principal Deb Cloutier will moderate a panel called Improving Asset Insights With Data: Investigating the Impact of Sustainability on Financial Performance in room 205B on Monday, June 26 from 2:15 to 3:15 local time. She’ll be joined by John K. Scott from Colliers International, Jennifer McConkey from Principal Real Estate Investors, and Dr. Robert Simons from Cleveland State University.
JDM’s Andrew White will also be speaking on a panel called Incorporating Energy Efficiency Factors into the Appraisal and Valuation Process in room 204 on Monday, June 26 from 3:30 to 4:30pm local time. He’ll be joined by Cindy Zhu from the Department of Energy and Bruce Kellogg from MG Valuation.
Let us know if you’ll be in Nashville – we hope to see you there!
By all measures, this year’s Department of Energy Better Building Summit was the most successful with over 1,000 attendees convening in Washington, D.C. from across the nation and all sectors of the commercial building energy efficiency community. JDM Associates was pleased to support DOE in featuring more than 120 sessions on topics ranging from technology solutions, organizational strategies, data driven results and goal getting, to water efficiency and financing. There were opportunities to engage leading experts from the National Labs, tour D.C.’s most efficient buildings (including the Smithsonian Museum of Natural History), and lots of networking and idea sharing with industry leaders. JDM appreciates the opportunity to support an exciting, innovative initiative like Better Buildings and we also love connecting with clients and industry peers. Great presentations came from TH Real Estate, Principal Real Estate Investors, Tishman Speyer, Colliers, Cushman and Wakefield, USAA Real Estate and many others.
To explore the 2017 Summit presentations, click here. We look forward to seeing you at future Better Buildings events. Don’t forget to check out the Solutions Center to catch up on the more than 1,000 proven and replicable strategies for saving energy, incorporating new technologies, and reducing costs from Better Buildings partners, or to join the conversation. Don’t hesitate to reach out to email@example.com to learn more about the Better Buildings Initiative and JDM’s support of this voluntary public-private partnership.
For many commercial building owners, the decision of whether they should invest in energy efficiency is a difficult one. Evidence has shown that owning and operating energy efficient, high-performance properties is a sound investment strategy that results in multiple financial benefits, including lower utility bills, higher rents, improved occupancy, and greater net operating income (NOI). Research of this nature is critical to promoting additional investment in energy efficiency among commercial building owners who emphasize data-driven decision making, facts, and empirical evidence to justify their choices and asset management decisions.
However, researchers still struggle to isolate moderating factors and identify specific drivers behind sustainability-related improvements in financial performance. Data sets are highly protected due to their proprietary nature and can be extremely expensive to acquire. These factors limit researchers’ ability to conduct replicable studies and prove hypotheses across different markets and ownership groups. In an attempt to catalyze additional research in this field and promote investigation of potential links between energy efficiency and financial performance, JDM and the U.S. Department of Energy (DOE) engaged industry leaders to identify solutions to data-sharing challenges. Throughout 2016 a working group discussed and ultimately built out processes that would facilitate more robust analysis of the relationship between sustainability and property cash flows. Read More
Demand for energy efficiency financing has grown significantly in the past decade. In response, the landscape of available financing products in the market has evolved drastically, with new and specialized options becoming increasingly available. While traditional products (e.g. leases and loans) still account for the majority of the market, specialized products such as Energy Services Agreements (ESAs) and Property Assessed Clean Energy (PACE) are quickly growing as they are designed to overcome specific challenges that traditional products may not address. Making sense of this new landscape can be a challenge, and JDM’s Joe Indvik will be speaking at a number of events in the coming months focusing on understanding the energy efficiency financing market and how to find financing that works for your organization. Here is a quick summary of where he will be:
2017 ACEEE Energy Efficiency Finance Forum – Chicago, IL – May 21-23rd
Joe will be speaking on a panel titled Commercial Market Insights for Energy Efficiency Financing along with Greg Leventis (Lawrence Berkeley National Laboratory) and Jerome Bilodeau (Dunsky Energy Consulting) on Monday, May 22nd at 11 AM.
2017 BOMA International Annual Conference & Expo – Nashville, TN – June 24-27th
Joe will be joined by Brenna Walraven (Corporate Sustainability Strategies) to present Navigating Energy Efficiency Financing: Understand The Market and Find Financing That Works For You.
Greenbuild Conference and Expo – Boston, MA – November 8-10th
Joe will be a part of the How to Recover your Investments in Sustainability session with Abigail Dean (TH Real Estate) and Brenna Walraven (Corporate Sustainability Strategies).
One of the main subjects of Joe’s presentations will be the Better Buildings Financing Navigator, a new Department of Energy online tool that helps public and private sector organizations find financing solutions for energy efficiency projects. For more information on the Navigator’s features, check out this blog post from Better Buildings, or this webinar that features a live demo. You can access the tool directly at this link: https://betterbuildingssolutioncenter.energy.gov/financing-navigator.
JDM’s Holt Mountcastle and Joe Indvik contributed to this post
JDM would like to congratulate this year’s ENERGY STAR Partner of the Year award winners. We offer special kudos to TH Real Estate, who earned Partner of the Year – Sustained Excellence for the 8th consecutive year, and Principal Real Estate Investors who earned Partner of the Year for the second time in as many years. We’re proud to support the energy management initiatives for both of these leading real estate organizations.
In addition, JDM is happy to see so many friends and colleagues among the winners. Congratulations to Beacon Capital, Bentall Kennedy, BOMA International, Bozzuto Management Company, CBRE, Cushman & Wakefield, Fannie Mae, Hines, IREM, JLL, Kilroy Realty Corporation, NMHC, Tishman Speyer, Transwestern, Vornado, and USAA!
We hope to see many of you at the 2017 ENERGY STAR Partner of the Year Awards on Wednesday, April 26th!
Institutional Real Estate, Inc released a free report that demonstrates the connection between sustainability and building performance. The report, titled ESG Means Business, was published in cooperation with the Global Real Estate Sustainability Benchmarking (GRESB) and is available here.
Check out this post from Cliff Majersik, the executive director of the Institute for Market Transformation that describes the benefits of the EPA ENERGY STAR® program for commercial buildings. As Cliff points out, the U.S. spends more than $400 billion annually to power buildings and as much as 30% of that energy is wasted. The ENERGY STAR program offers building owners and operators key tools and resources to understand and reduce energy use in commercial buildings. For more information, visit energystar.gov/buildings.
The Institute for Real Estate Management (IREM) has been conducting sustainability workshops for its members throughout the month of March. Tailored to the needs of local chapters, the topics range from Minneapolis’s “Waste Less” conservation programs – with a general focus on practical ways to reduce utility usage and cost – to specific guidance and insights for complying with local benchmarking data ordinances, as in Seattle and Denver.
These workshops are targeted at everyone from property managers to facility teams to maintenance staff. IREM partners with local experts to help their members examine tools and resources necessary to initiate value-enhancing energy management programs for their portfolios.
IREM also encourages sustainability through its Certified Sustainable Property Program, available for multifamily, office, and shopping center properties.
The next workshop is in Denver, March 23. Register here: http://www.iremdenver.org/event-2468226
You walk into the office one morning and notice that one of the lights is out. You call the maintenance office to replace it, but they need to know the specifications of the bulb to bring beforehand (just go with it). You remove the lamp from its socket, only to notice an ambiguous sequence of letters and numbers on its base. You attempt to read it, but get lost in the jargon; what the heck does this sequence mean? Is this just a model number or does it convey any relevance to the lamp, in general? Have no fear; you’re not alone. It’s time to decode the code…
Unlike the product number, a lamp code, or lamp designation, conveys physical and operational characteristics. Depending on the manufacturer and lamp type, these can include type, shape, size, brightness, color rendering index (CRI), wattage, voltage, color temperature, and ideal setting for use. To build some intuition when trying to decipher lamp jargon, we’ll use a typical lamp found in the commercial setting – the 4-foot linear T8. To demonstrate the variation in lamp codes, even within the same lamp type, we’ll compare two 4-foot, linear T8s from different manufacturers: Sylvania and Philips.
Sylvania Linear Fluorescent T8 | Lamp Code: FO32/741/ECO
This section contains two criteria: lamp subtype and wattage.
FO stands for Fluorescent OCTRON®, which means the T8 is a fluorescent and the manufacturer-specific model name is OCTRON®. The lamp’s wattage is 32 watts.
This number also holds two criteria: color rendering index (CRI) and color temperature.
The 7 represents 70 and corresponds to the CRI of the lamp. CRI tells you how accurately a lamp’s light renders the colors of the object(s) it illuminates and ranges from 1 to 100. The higher the CRI, the more accurate (color-wise) the objects appear when illuminated. In this case, the 7 tells you that the CRI is somewhere between 70 and 79. The exact CRI can usually be found through the manufacturer.
41 represents 4,100 and refers to the color temperature, measured in Kelvin (K). Color temperature is the perceived color of a lamp’s light, which typically ranges from yellow to blue (about 2,200 K to 6,500 K, respectively).
This stands for ECOLOGIC®, which is specific to Sylvania and their program addressing the environmental aspect of its lamps.
Philips Linear LED T8 | Lamp Code: 12T8/48-4000 IF
This contains two criteria: lamp wattage (12 watts) and general lamp type (T8).
This is the length of the lamp, in inches.
This also contains two criteria: color temperature (4,000 K) and manufacturer model. IF stands for InstantFit, which is specific to Philips.
WILL IT ALWAYS LOOK LIKE THAT?
Not always. Typically, all bulbs of the same type (e.g., T8, PL, etc.) will abide by similar code parameters, but this can be manufacturer-specific and may not translate perfectly to another style. However, you’ll usually find the same characteristics grouped together (e.g., color temperature and CRI). In any case, you can always find the lamp specifications online if you get stuck, either through the manufacturer or a lamp vendor.
JDM’s Adriel Gaeta and Tom Turnbull contributed to this post