Clean, Cheap and Profitable: Boosting Real Estate Valuations the Easy Way

Let’s say you’re the CFO of a REIT managing 20 million square feet of commercial floorspace. Chances are you’re paying $2.35 per square…

Let’s say you’re the CFO of a REIT managing 20 million square feet of commercial floorspace. Chances are you’re paying $2.35 per square foot in utility expense, roughly $47 million annually. If you knew you could reliably cut 30% of this expense, adding $14 million ($0.71/sq ft) in net operating income and an additional $214 million ($10.71/sq ft) in ne…