GSA PORTFOLIO: 75 BUILDINGS, 15 STATES, 1.7 MILLION SF
PRIVATELY HELD REAL ESTATE INVESTMENT TRUST (REIT)
FEDERAL AND STATE GOVERNMENT BUILDINGS NATIONWIDE
This privately held Chicago-based real estate investment trust (REIT) owns and operates federal and state government buildings nationwide. Seeking to modernizing their existing GSA portfolio, particularly their energy consuming assets, they employed IoEnergy to perform comprehensive, investment grade energy audits across all properties (“Efficient Enterprise Reports”), which included a company-wide LED and connected controls specification.
From there, IoEnergy commenced the portfolio-wide retrofitting of the client’s outdated fluorescent lighting, while also installing wireless building controls and performing system integration of their HVAC systems. These hundreds of connected devices were rolled up to a cloud-based control and monitoring system whereby the client can now operate key elements of all 1.7 million square feet from anywhere in the world.
These efficiency upgrades addressed the REIT’s key project drivers, which were to improve net operating income, increase CAP value and obtain Energy Star certifications by the reduction of their carbon footprint. Further, they wished to capture the benefits of streamlining predictable facility maintenance requirements (including the elimination of unnecessary service calls) and create virtual secured access to all of their properties.