Increasing NOI & NAV with Smart Building Technologies & Intelligent Data
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This document outlines various energy efficiency and sustainability projects that can be implemented at a multifamily property, along with their expected financial impacts. It lists 5 projects: 1) real-time energy monitoring and training, 2) LED lighting upgrades, 3) wireless controls, 4) combined heat and power, and 5) solar/battery storage. For each project it provides the estimated net operating income increase, capital expenditure, net asset value increase, and payback period. Implementing these projects could result in annual energy savings of $250,000 and increase the property's net asset value by $3.5 million.
Increasing NOI & NAV with Smart Building Technologies & Intelligent Data
- 1. PROPRIETARY & CONFIDENTIAL 4. Combined Heat and Power 5. Solar / Battery Energy Storage 1. Real Time Energy / Operations Monitoring and Continuous Training 3. LED Lighting Upgrade 2. Wireless / Mobile Controls in a Multifamily Property NOI $15,000 $30,000 $40,000 $100,000 $85,000 Capex $10,000 $30,000 $120,000 $400,000 $500,000 Net NAV Increase $350,000 $850,000 $1,000,000 $2,000,000 $1,200,000 Payback <1Year ~1 Year ~3 Years ~4 Years ~6 Years ETS Tiered Approach to Energy Savings Sustainability Resiliency New York Multifamily Summit September 19, 2017
- 2. PROPRIETARY & CONFIDENTIAL AvalonBay NYC Portfolio: Annual Energy Savings ~$250,000 NAV Accretion @ 4.5% Capitalization Rate $3.5mm Riverview North Bowery Place 1 Bowery Place 2The AvalonFort Greene Clinton SouthMorningside Park RiverviewWhite Plains AVA DoBro/Willoughby West Chelsea/AVA High Line Clinton NorthMidtown West Annual Energy Savings Behavior Modification Savings $115,000 Smart Meter Time of Use Savings $65,000 Big Data Driven Property Management Systems 9,000,000 kWh Reduction Energy Savings ResiliencySustainability New York Multifamily Summit September 19, 2017 Equipment Optimization Savings $70,000 Critical Structure Resiliency, Wireless Connectivity Distributive Energy Resources CHP, Battery, Solar 20% Carbon Footprint Reduction 1 MW Peak Demand Reduction