Multifamily residences can have significant energy and water use impacts. Residential lighting accounts for 14 percent of total residential electricity consumption in the United States.i Water use in inefficient multifamily residences can be up to 150 gallons of water per day.ii Real estate management companies can minimize their environmental footprint and associated costs by utilizing efficient lighting and water fixtures.
KKR engaged Crossbeam Concierge on a portfolio of multi-family properties spread across the United States.
In 2015, Crossbeam Concierge began partnering with the Green Solutions Platform (GSP) team on evaluating energy and water efficiency projects, including:
- Interior and exterior lighting upgrades, including in residential spaces, to improve energy efficiency.
- Boiler controls to reduce energy use to produce hot water.
- Toilet and showerhead replacements to reduce water use.