Partner Engineering and Science’s, Melissa Dahl recently wrote an blog post encouraging borrowers to take advantage of green lending and multifamily incentives in the greater NYC area.
The multifamily green financing programs within both Freddie Mac and Fannie Mae have been extremely successful, with Fannie Mae closing on 500 green multi-family transactions through October 2017. Implementing green efficiency measures includes specific percentage reduction in water and energy use, benchmarking, and even air quality.
The demand for energy-efficient buildings in the commercial real estate market place is bigger than ever. There is a substantial shortage of energy-efficient properties, especially as more concrete data demonstrates the ROI of energy benchmarking and efficiency investments. This is resulting in more pressure from investors and tenants on pension funds and investment portfolios to have sustainable properties. There is more interest in improving existing stock: buildings certified as “green” or “efficient” increased from 5% in 2005 to 38% last year in the top 30 U.S. markets. There is even a new ASTM standardin the works for better energy efficiency in building roofs. Nowhere is this commitment towards efficiency more evident than in multifamily green lending programs. In their newly announced 2018 lending caps, Freddie Mac will be excluding Green Up and Green Up Plus loans, provided that energy and water usage are reduced by 25%. This is great news as Freddie’s green programs will not have to abide by the FHFA’s reduced lending caps and can therefore top their robust year in 2017.
Partner is a full-service engineering, environmental and energy consulting and design services throughout the Americas, Europe, and around the globe. Our team of engineers and industry professionals have a deep knowledge of agency lending requirements and can navigate any part of the process.
Tony Liou weighs in on the new role energy efficiency plays in Commercial Real Estate:
In the past, institutional investors would qualify managers by investments and returns, according to Tony Liou, president of Partner Energy.
“Now it is, ‘What is your sustainability plan?’ ” Liou says. “They want to know what you are going to do to make [a building] more sustainable.”
Please join us on Tuesday, February 21st for our 2017 Multifamily Green Building Primer Webinar!
We will be going over changes in:
- CA T24 Energy Guide,
- 2016 CALGreen
- 2017 CTCAC Regulations
- Agency Program Requirements (Fannie Mae, Freddie Mac, HUD)
- Net-Zero (CA 2020 Goals) and More!
2017 Multifamily Green Building Primer:
How New Energy Codes, Green Policies, and Programs May Impact Your Properties.
Tuesday, February 21st, 2017 at 11 AM PST
Partner Energy’s project, Vermont Villas was awarded the Grand Award at the 2016 Gold Nugget Awards presented by PCBC. The project won under the category Best Seniors Housing Community – Assisted Living/ Special Needs / CCRC. Located in Los Angeles, CA, the property provides supportive housing for special needs and Veteran seniors who are chronically homeless and those who may also be disabled.
The 53rd Annual Gold Nugget Awards recognize those who improve communities through exceptional concepts in design, planning, and development.
Working alongside Partner Energy are the builders for the project, Affirmed Housing and PATH Ventures, Withee Malcolm Architects, and planner Darsono Design Associates.
Partner Energy is ranked #21 out of 30 companies on Los Angeles Business Journal’s list of largest Environmental Engineering & Consulting Firms in LA County. The comprehensive list is ranked by number of LA County employees and reflects companies that are ‘powering ahead of the competition’.
Ranked #1 is Tetra Tech Inc., which has 450 employees in the Los Angeles county area. Other notable companies include Arcadis, which has 400 LA County employees and Aecom, which has 150 employees. Partner Energy’s sister company, Partner Engineering and Science, Inc. is ranked at #5.
Investor Confidence Project (ICP) Investor Ready Energy Efficiency certification is setting a new global standard when it comes to energy efficiency projects. John Rockwell shares his insights on how the ICP is finding practical solutions and generating trustworthiness in energy efficiency projects nationwide.
Read the full article here.
Partner Energy is excited to host the 2016 GRESB Participant Training Wednesday, April 13th in Los Angeles, CA.
The GRESB training program offers a high-quality and hands-on educational experience, addressing all aspects of sustainability in real estate portfolios as covered by the GRESB Real Estate Equity Assessment.
The training enables participants to assess and enhance their current performance, to more efficiently prepare their GRESB response, and to improve the quality of their submission.
The program is delivered via face-to-face group sessions (7 core instruction hours in one session). Register here.
How technology can offer a competitive advantage, but also creates new risks for CRE investors, owners, lenders and brokers.
Technology is having a profound impact on the way we use, build, and transact commercial real estate assets. It’s making our buildings smarter, and facilitating dynamic data that helps us make better, more informed investment and underwriting decisions. But, it’s also creating new risks: changing the demands we place on buildings, altering their value proposition, and creating new security concerns.
President of Partner Energy, Tony Liou will be covering the sustainability portion of the webinar where he will be discussing Smart Buildings, Smart Returns. To learn how technology can create a competitive advantage for you, don’t miss this thought-provoking webinar on Thursday April 7th, 11am PST/ 2pm EST. Register here.
Chief Counsel, California DMV
“Preparing for the advent of the driverless cars.”
Chief Credit Officer, BBVA Bank
“Using technology to deal with regulatory scrutiny.”
|Chip Williams, AIA, LEED AP BD+C
Studio Director, Principal, Gensler
“The bank branch of the future.”
President, Partner Energy
“Smart buildings, smart returns.”
|Joe Derhake, PE
CEO, Partner ESI
“How technology creates building obsolescence.”
Chief Marketing Officer, Ten-X (fomerly Auction.com)
“Tech changing the way CRE transactions Take Place.”
Partner Energy is now a certified Project Developer by Investor Confidence Project (ICP) and meets the requirements to produce ICP Investor Ready Energy Efficiency™ (IREE) projects for clients and investors.
Created by the Environmental Defense Council, the Investor Confidence Project is established as a means to standardize the energy efficiency origination process, therefore increasing investor confidence in project returns. Due to the ICP credential verification, investors and building owners alike can make investment decisions with increased confidence due to predicted savings.
The ICP screening process evaluates service providers on variety of skillsets and calls for a detailed list of project experience to determine their candidacy.
By meeting these high standards, Partner Energy will now be a pre-qualified and trusted solutions provider for energy efficiency projects nationwide. As part of this network, Partner Energy is assuring building owners and investors that energy efficiency projects will be engineered, installed, operated, and measured up to par with industry standards, therefore delivering more dependable financial return.
Partner Energy is honored to be selected amongst a large array of energy efficiency industry frontrunners, and looks forward to continuing to maximize energy efficiency, sustainability, and profitably for clients nationwide.
As of January 2016, Partner Energy is designated a Global Real Estate Sustainability Benchmark (GRESB ®) Premier Partner. With this new partnership with GRESB, Partner Energy will develop and implement technological solutions to reduce environmental impact and improve energy efficiency.
Partner Energy strives to help building and portfolio owners implement energy efficiency measures that strengthen and improve their assets. We are honored to work in support of the GRESB and their efforts to improve sustainability performance in the real estate sector worldwide.
GRESB® and the related logo are trademarks owned by GRESB BV and are used with permission.