Press Release Summary:
Providing cost-benefit analysis of all possible green improvements, Green Capital Needs Assessment (CNA) is based on building inspection and building cost database. It offers side-by-side comparison of green and in-kind replacement systems, with costs calculated out for 20 yr. Annual electric, gas, water, and sewer costs savings for green alternatives are also provided, as well as annotated photographs of important systems and potential trouble spots throughout buildings.
Original Press Release:
New Product Finally Allows Building Owners and Managers to Make Accurate Decisions About Costs and Benefits of 'Going Green'
CAS Financial Advisory Services' Green Capital Needs Assessment is the first product to provide hard numbers and sensible green recommendations from long-time building professionals
DALLAS, July 23 / / - CAS Financial Advisory Services (CAS FAS), the asset management arm of CAS Partners, today announced the launch of its Green Capital Needs Assessment (CNA), the first product on the market to meet the green planning needs of residential building owners and managers. Each Green CNA is based on a detailed building inspection and an extensive building cost database, and provides quantitative cost-benefit analysis of all possible green improvements, with solid numbers and clear recommendations. Building owners and managers have long needed such a planning tool.
"In the United States, buildings consume 65 percent of the electricity and create 30 percent of the greenhouse gasses," said Jed Lowry, director of capital planning for CAS Financial Advisor Services. "Owners want to do the right thing, but they still have to meet their budgets. Our Green CNA gives them the ability to see clearly the costs and benefits of every replacement, upgrade, and operating policy change they could make. They've never had a tool like this before."
A key strength of the new product is its side-by-side comparison of green and in-kind replacement systems, with costs calculated out for 20 years. Building systems and upgrades occur constantly. The Green CNA allows each replacement to be made with full understanding of costs and alternatives, and the impact on current and future budgets.
The Green CNA's data and recommendations are based on the two decades of capital needs assessment experience of On-Site Insight (OSI), CAS Financial Advisory Services' wholly-owned capital needs subsidiary, experience which includes more than 6,000 properties representing more than $45 billion in replacement value. The Green CNA provides year-by-year and life-cycle cost and benefit analysis for more than 150 observable building systems, projected forward 20 years.
"We're experienced bricks guys who know what building owners and managers need to make their best financial decisions," said Lowry. "To us, 'green' just means making sensible economic decisions for the long term, for the building and for the people who live or work in it. And we know how nervous our clients are about unproven systems that end up costing too much in the long run. They've been through that before. We recommend only proven materials and systems."
The Green CNA also provides annual electric, gas, water, and sewer costs savings for green alternatives, and annotated photographs of important systems and potential trouble spots throughout the client's buildings.
"The Green CNA helps communication too," said Lowry. "With solid numbers, clear narrative, and side-by-side comparisons of the alternatives, the report allows all stakeholders, including tenants, regulators, and owners, to have discussions based on a solid understanding of the real costs, and real benefits."
The CAS Financial Advisory Services Green Capital Needs Assessment meets an important need in the market, and is available now.
About CAS Financial Advisory Services
CAS Financial Advisory Services (formerly Recap Advisors) is a Boston-based financial services company that provides solutions to complex multifamily asset problems. It is the financial services and asset management group of CAS Partners. Over the company's 20-year history, CAS Financial Advisory Services has completed transactions on more than 780 properties nationwide, with aggregate property value of more than $2.7 billion. It currently manages nearly $5 billion in multifamily assets. Through its wholly owned subsidiary On-Site Insight it has performed more than 6,000 capital needs assessments. Visit www.casfas.com.
About CAS Partners
CAS Partners is a world-class property and asset management services company. The company's integrated business approach provides clients with a comprehensive array of multifamily real estate business services. CAS Partners' unique network of services includes property management, financial advisory services, insurance services, construction management, utility services, screening services, and purchasing services. CAS Partners is the trade name of Consolidated American Services, Inc. For more information, visit CAS Partner's Web site at www.CASPartners.com.
Source: CAS Partners
CONTACT: Katherin Dockerill of CAS Partners, +1-214-965-6513, firstname.lastname@example.org