SAN FRANCISCO, CA -- (Marketwired) -- 06/16/15 -- Virtú Investments is pleased to report the results of its third-annual GreenLiving Report.
By taking a holistic approach to energy, water and sustainable management, Virtú's GreenLiving program has proven success in helping residents reduce their energy and water bills, improving property operations, and generating improved returns for investors.
The report audited 23 properties totaling over 3.6 million square feet and more than 4000 apartment units. In 2014 alone, these 23 properties saved 2.9 million kWh and 23 million gallons of water. Further, the cumulative savings over the three years of the program have saved over 4.6 million kWh and 56 million gallons of water. Put in perspective, the electric savings equates to over 7.6 million automobile miles avoided, enough to circle the equator 308 times. This cumulative electric savings is equivalent to the energy used to power 825 apartment units for an entire year. The water savings is equivalent to avoiding 3.2 million showers.
Communities acquired by Virtú enter the GreenLiving program by partaking in an initial opportunity assessment to assess the current state of the property and identify areas for improvement in energy, water and five other environmental areas. After the assessment is completed, Virtú Property Management implements the recommended energy, water and sustainability measures and policies. Example savings measures include installation of Energy Star appliances, LED lighting, improved insulation, and WaterSense low-flow showerheads. Additionally, Virtú implements marketing campaigns designed to encourage behavioral changes that further drive energy and water savings and reduce environmental impacts in their building. To quantify the conservation results, Waypoint Building conducts an independent annual audit of each property and verifies the energy and water savings through utility bill collection.
About Virtú Investments
Virtú Investments, LLC was built to create high-yield opportunities in the multifamily investment market. During its fifteen years of operation, Virtú has acquired $1.2B in real estate and operated more than 12,000 apartment units across 100 properties in the Western US. The firm is well positioned to generate strong risk adjusted investment opportunities in each stage of a real estate cycle. Virtú has refined an integrated and highly responsive operating platform that is unique in the industry. In-house services are composed of acquisitions, due diligence, finance, asset management, property management, efficiency retrofitting, information technology, and accounting/tax preparation. Virtú's offices are in Larkspur, CA, Carlsbad, CA, Seattle, WA and Scottsdale, AZ. For more information, visit http://www.virtuinvestment.com.
About Waypoint Building Group
Waypoint Building Group is a rapidly growing commercial energy efficiency company that delivers utility and public services for the commercial real estate sector. Waypoint's core mission is to significantly decrease energy usage within the commercial sector through advanced energy analytics and innovative market deployment programs. Our multidisciplinary team of technical experts and commercial real estate professionals develops and implements market engagement strategies with demonstrated cost savings. In a short time, Waypoint has established itself as a trusted advisor to national commercial real estate companies, utilities, and select federal, state, and local government agencies. For more information, visit http://www.waypointbuilding.com.
Contact
Duncan Hatch
(415) 398-2086
dhatch@virtuinvestments.com
