Renters Delight: How One of America's Largest Property Owners Cuts Energy Costs
Supercool3 Jun

Renters Delight: How One of America's Largest Property Owners Cuts Energy Costs

Utility costs are among the largest expense categories in multifamily real estate; they have been rising in the double digits year over year.

The industry's attempt to answer has largely been technology. Smarter systems. AI-powered optimization. Devices that promise to cut costs by plugging into aging infrastructure.

Kyle Hendricks, VP and Head of Sustainability at Equity Residential, one of America's largest apartment owners, took a different approach. He tied energy performance to the annual compensation of every employee in the company — from the executive suite to the person turning over a unit between tenants — and turned a small corporate team into an army of part-time energy managers across 300 communities.

The first answer from leadership was a hard no. Then a maybe. Then show us the measurement. Where does this break down?

In this episode, Kyle explains how he built the case, why operating discipline outperforms silver bullet technology in a portfolio of old buildings, and what climate tech startups need to understand about multifamily real estate before they walk in the door.

Show Notes

Guest: Kyle Hendricks, VP and Head of Sustainability

Company: Equity Residential


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