Peabody Properties: Energy performance

Energy Performance
Cumulative (vs. Baseline)11%
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. Peabody Properties' portfolio consists of over 300 properties, 8 million square feet. For the 2018 reporting period, Partner reported whole-building data for 34% of its portfolio.

Peabody Properties
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. Peabody Properties' portfolio consists of more than 300 buildings and 8 million square feet. Partner has improved energy performance by 11% from a 2011 baseline, making progress towards a goal of 20% by 2021. During the past several years, Peabody Properties, Inc., has secured more than $16.5 million in zero-cost property upgrades by researching and capitalizing on various utility and state-funded energy conservation programs. These upgrades include lighting retrofits, weatherization work and large scale HVAC projects; most recently completing a $1.2 million dollar LEAN-funded boiler upgrade at a large property in the City of Boston and a $580,000 weatherization project at a large scattered site in Springfield, Ma.  In recent years they’ve partnered with Mass Save to install variable speed drives in boiler rooms throughout their portfolio to further increase their energy savings. To stay on top of their energy usage outside of these projects PPI places a huge emphasis on water conversation and looks to perform water retrofits at every opportunity possible.

ENERGY PERFORMANCE BY PROPERTY

Looking at the percent improvement in energy performance across all facilities can provide insight into how an organization is saving energy. Peabody Properties has achieved energy performance improvement of greater than 15% at ten of its properties. There are five properties that have experienced an increase in Source EUI.  These properties have been targeted for future energy efficiency improvements.

IDENTIFYING OPPORTUNITIES FOR IMPROVEMENT

Property-level energy performance metrics, including EUI and percent improvement to date, are critical to track progress over time and identify opportunities for additional energy savings. Peabody Properties' portfolio consists of properties with a wide range of baseline EUI values, most of which are from 100 to 150 kBtu/sq. ft. The majority of properties have shown energy improvement since 2011. The properties located near or below the 0% axis may present good opportunities for further savings.