THE SMART BUILDING SERIES

Introduction:
OPTIMAR International Realty has been a growing presence in the International Real Estate market since 1998 and has recently made a key expansion in Manhattan, New York. OPTIMAR is established and ranked among the real estate leaders in South Florida with over 500 agents and a broad international broker network with multiple offices. We offer our clients an integral local solution within our International Broker Network, delivering premium customer service out of our state-of-the-art offices. OPTIMAR’s multidisciplinary associates are professionals with the highest caliber of diverse fields of expertise.

The GREENSTREET NETWORK (GSN) is a membership organization of CleanTech and Smart Building professionals working collaboratively on projects within the greater New York City area. Members share a collective commitment to delivering best-in-class products and services while adhering to triple bottom line principles of people, planet, and profit. The NETWORK is collaboratively marketed as a curated group of high performing CleanTech and Real Estate professionals with a range of expertise in the SmartBuild environment through its media partnerships, social media network, public relations initiatives and live Monthly and Annual events. Business leads for Members are generated through an intentional and strategic lead generation process.

OPTIMAR and GSN are Co-Sponsoring the Smart Building Series to educate the Real Estate community on the value proposition of the Upgrade Program, especially when combined with Optimar’s Commercial deals and to provide GSN Members with speaking and networking opportunities. This Series provides a primer for the GSN annual CleanTech-Age Expo & Conference where we feature the state-of-the-art in Smart Buildings, Smart Cities, and Smart Transportation strategies and the leading CleanTech and SmartBuild product and service providers who are making this happen, TODAY!

Month 1: Cost Effective Strategies for meeting the new NYC Energy Efficiency Mandates

Announced in September of 2017, New York City Mayor Bill de Blasio revealed the new mandates that will force New York City building owners to make drastic reductions in greenhouse gas emissions, forcing them to meet fossil fuel caps which will see upgrades to boilers, water heaters, roofs, and windows, on 14,500 of the city’s least-efficient buildings. Specifically, the new mandated fossil fuel caps will apply to all buildings in New York City over 25,000 square feet, and will require replacement of fossil fuel equipment as well as energy efficiency upgrades over the next 12 to 17 years. For those unwilling to comply with the new mandates, legislation will set annual penalties that increase with building size and the amount the buildings exceed its fossil fuel use targets. On top of financial penalties, failure to comply will also impact a building’s ability to receive future permits for major renovations.

The GreenStreet Network’s Smart Building Upgrade program offers an array of Tax strategies, utility savings and energy efficient products and services to meet these new Mandates in a smart, cost effective manner. Come and learn how our Smart Building Upgrade Program can turn this liability into an opportunity for lowering operating expenses, increasing NOI and Building Valuation.

Month 2: Government Support and Incentives to meet the new NYC Energy Efficiency Mandates

There are currently a wide array of Government incentives and financing programs available for Commercial Property Owners to help pay for energy efficiency and clean power upgrades. However, it can be very challenging to work through the process required to access such incentives and funding. In this presentation, representatives from NYSERDA, ConEd and the NYC Retrofit Accelerator will provide a survey of programs that their agencies provide along with direction as to how to actually secure some of the many millions of dollars in incentives and financing that are available to help pay for meeting the mandates.

Month 3: Tax and Utility Savings and Strategies to finance the new NYC Energy Efficiency Mandates

A cost segregation study identifies and reclassified personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations. The primary goal of a cost segregation study is to identify all construction-related costs that can be depreciated over a shorter tax life (typically 5, 7 and 15 years) than the building (39 years for non-residential real property). Since existing buildings typically have older generation lighting, an LED lighting upgrade is one of the simplest and most cost-effective energy efficiency upgrades available. And given the large cost savings that an LED lighting upgrade typically provides, the cost of the Cost Segregation Engineering Study can typically be rolled into the LED upgrade financing to minimize any upfront cost for both services.

The GSN Smart Building Upgrade Program includes a wholesale energy provider network for States with deregulated energy markets that will bid on Gas and Electric Service, typically at a savings of 20% or more. Our GSN Upgrade also offers Energy as a Service which can deliver onsite energy savings with no debt or investment required. Our strategic partner, Onsite Utility Services (OUS) Capital, provides energy upgrades and savings as a service to large and small energy users alike. Through the OUS Energy-as-a-Service platform, onsite energy efficiency retrofits and distributed generation systems are designed, procured, installed, and maintained on behalf of customers; providing them energy savings and improved cash flow from day one while freeing their capital to be invested back into their own businesses and institutions less prone to service interruption.