Maloney Properties : Energy performance

Better Buildings Challenge Partners commit to decrease portfolio-wide source energy use intensity (EUI) and to increase the percent improvement compared to a set baseline.  Maloney Properties has improved their portfolio-wide energy performance by 10% from a 2017 baseline, making progress towards a goal of 20% by 2027. Maloney Properties achieves energy reduction by monitoring use quarterly and focusing on building with opportunities to improve energy use. We leverage grants and funding opportunities through utility providers to upgrade systems resulting in improved efficiency.

Multifamily property owners often face challenges in gathering whole building data for properties with large numbers of individual tenant-paid utility accounts. Through the Better Buildings Challenge, partners can demonstrate progress towards their savings goal by reporting two types of data: (1) whole-building energy use, including tenant-paid utilities, for at least 30 percent of their portfolio; and (2) owner-paid receipts (common areas only) for the remaining share of their portfolio. Maloney Properties' portfolio consists of 81 properties and nearly 6 million square feet and approximately 5,000 housing units, with whole-building data (both tenant-paid and owner-paid receipts) available for 88% of their portfolio.

This graph breaks out the portfolio's energy performance for properties with whole building energy use vs those with owner-paid receipts. The energy intensity for properties with whole-building data is much higher than those with owner-paid receipts, because it accounts for the significant use associated with tenant spaces.  Maloney Properties has achieved 9% savings in properties with whole-building data and 33% in properties with owner-paid receipts. 

Looking at the percent improvement in energy performance across all properties can provide insight into how an organization is saving energy. Maloney Properties has achieved energy performance improvement of greater than 15% at 7 of its properties. There are 17 properties that have experienced an increase in Source EUI.  These properties have been targeted for future energy efficiency improvements.

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. Maloney Properties' portfolio consists of properties with a wide range of baseline EUI values, most of which are from 75 to 125 kBtu/sq. ft. The majority of properties have shown energy improvement since 2017. The properties located near or below the 0% axis may present good opportunities for further savings.