CommonBond Communities: Energy performance

Cumulative (vs. Baseline)6%
Annual (2018)-3%
Portfolio Summary: Whole Building Data by Reporting Period

Better Buildings Challenge partners strive to report whole-building data for all properties within their portfolio. Often, Multifamily partners face the added challenge of collecting data from tenant-paid utility accounts. The Better Buildings Challenge is working with Multifamily partners and utility companies to improve the data collection and reporting process. While this important work continues, Multifamily partners are being recognized for their successes within those properties that are reporting whole-building data. CommonBond's portfolio consists of 96 properties, 5,307 apartment units and 4.8 million square feet. For the 2018 reporting period, CommonBond reported whole-building data for 39% of its portfolio.

CommonBond Communities
PORTFOLIO ENERGY PERFORMANCE

Better Buildings Challenge Partners strive to decrease portfolio-wide source energy use intensity (EUI) and to increase the percent improvement compared to a set baseline. CommonBond uses a unique engineered 2010 baseline developed for the SAHF Big Reach energy efficiency initiative and approved by the BBC. CommonBond has improved their energy performance by 6% against this baseline, making progress towards a goal of 20% by 2026. CommonBond's energy savings have been achieved by completing energy audits and implementing lighting retrofits and mechanical replacements at nine properties through teaming up with Xcel Energy and CenterPoint Energy to participate in the Multifamily Building Efficiency Program. CommonBond also developed and implemented a Green Asset Management Plan and corresponding policies and procedures.

ENERGY PERFORMANCE BY PROPERTY

Looking at the percent improvement in energy performance across facilities reporting whole building data can provide insight into how an organization is saving energy.  CommonBond has achieved energy performance improvements of 2% to 15% at 11 of its properties reporting whole building data and greater than 15% at 12 of its properties reporting whole building data. There are 9 properties that have experienced an increase in Source EUI.  These properties have been targeted for future energy efficiency improvements.