Cuts Energy Consumption by an average of 24 Percent
Iselin, NJ – July 6, 2021 – Greencrown Energy & Water is excited to announce that First National Realty Partners (FNRP), a rapidly growing commercial real estate private equity firm that owns and operates more than 3.5M square feet of real estate throughout the US, streamlined its energy management and saved over $75K in annual electricity expenses.
The company will be utilizing Greencrown’s UtilityROI™ platform to identify where and how immediate energy savings could be applied across their entire real estate portfolio. FNRP also reduced their annual energy consumption by an average of 24 percent through LED lighting upgrades.
In the midst of a significant growth period, FNRP needed help structuring a sustainable energy management plan to support 2-3 property acquisitions per month. As a result, the FNRP team wanted a turnkey energy partner to help them continue to aggregate and leverage their collective buying power, resulting in greater energy and lighting savings across their portfolio.
“The decision to work with Greencrown could not have come at a more important time for us. Our portfolio and team are growing quickly, and the tools and insights we receive from Greencrown have proven to remove all friction from managing our overall portfolio energy costs,” said Kurt R. Padavano, Chief Operating Officer, FNRP. “We look forward to leveraging the company’s UtilityROI™ solution and partnering with them for each property acquisition.”
“Our energy experts worked closely with our supplier partners to procure the most competitive electricity products and rates, resulting in the greatest OPEX reduction,” said Sal Ritorto, Executive Vice President, Greencrown Energy & Water. “We also worked diligently with FNRP’s asset management and property management teams to introduce lighting upgrades and ensure that FNRP receives qualified rebates where available in each market.”
Greencrown’s UtilityROI Platform is a real-time energy data management and monitoring platform that streamlines and automates electricity, natural gas, and water consumption in real time. It’s customizable dashboard provides insights such as invoice management, budgeting, sustainability reporting, measurement and verification, and other critical reporting required to sustain portfolio growth.
About Greencrown Energy & Water:
Founded in 2007, Greencrown Energy & Water has become a diverse industry leader for utility risk management, and national provider of energy supply, utility efficiency, and conservation solutions. To learn how they can be a valuable asset to your organization, call Greencrown at 877-308-2727. greencrownenergy.com
About First National Realty Partners
First National Realty Partners, LLC (FNRP) is a leading vertically integrated real estate investment firm focused on acquiring institutional quality commercial real estate throughout the United States. The firm is an active, opportunistic, and value-add investment firm that is equipped to operate in all facets of the real estate acquisition process as an investor, developer, and asset manager of commercial real estate. FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors. Learn more at: fnrpusa.com