Client Name: Brownstone Housing Corp. Industry: Residential Property Management Client...
- Client Name: TriStar Equities
- Industry: Real Estate Management
- Client Representative: Paul Xuereb
Challenges Faced:
Tri-Star Equities faced the imminent challenge of meeting the requirements of Local Law 97. This New York law set benchmarking targets for energy usage, pushing the them to figure out how to reduce their buildings' environmental footprint.
Solution Implemented:
They installed Runwise across their portfolio which upgraded their heating systems, reduced energy usage, and at the same time, aligned them with the requirements of Local Law 97.
Results Achieved:
- Compliance with Local Law 97: Runwise played a crucial role in helping Tri-Star Equities surpass the benchmarking targets set by Local Law 97.
- Reduction in Energy Usage: The implementation of Runwise led to significant reductions in heat, gas, and oil usage, contributing to lower operational costs and environmental impact.
- Avoidance of Fines: By proactively addressing inefficiencies and reducing energy usage, Tri-Star Equities could avoid the larger fines anticipated under Local Law 97.
- Monitoring and Detection: Runwise's ability to detect water leaks and over-usage saved them even more money than was initially anticipated, and advanced their sustainability efforts.
Tri-Star Equities' integration of Runwise into their building management systems is an example of a proactive approach to compliance with environmental regulations while enhancing operational efficiency. By adopting Runwise, Tri-Star not only aligned with the requirements of Local Law 97 but also set a precedent for real estate management firms in adopting technology for sustainable and efficient building management.
