Peabody Properties

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Challenge Commitment
8.8Million Square Feet
Goals Progress
20%Reduction in Energy Intensity10%Cumulative (vs. Baseline)

Peabody Properties, Inc. (PPI) is a third generation family owned company specializing in the development, marketing, sales, leasing and management of multi-family communities. Founded in 1976, Peabody Properties, Inc. has earned a reputation in the industry for excellence and innovation, and has consistently been the proud recipient of numerous awards for exceptional achievement. Most recently the firm was recognized for its dedication to the preservation and adaptive reuse of historic sites. Today, with a management portfolio of over 10,000 units, PPI is considered one of the most respected real estate firms in the northeast.

For more than 20 years Peabody Properties, Inc. (PPI) has been a leader in the practical integration of energy-efficient technology and sustainability. Its facilities team is credentialed in green property management; several senior staff members are LEED Green Associates. PPI’s pledge to reduce energy usage throughout its managed portfolio by 20% over the next ten years is already underway. A recent success is the procurement of utility company sponsored no-cost/low-cost programs that offer energy saving equipment upgrades is currently valued at over $7.4 million, and cost-saving incentive programs currently in place are projected to result in collective savings to participating communities in the PPI portfolio in excess of 25%, or $1,850,000 annually. Its ongoing plan of action will focus on the expansion of these and other programs to the benefit of 100% of its managed properties. PPI will conduct a portfolio-wide assessment of all forms of energy, including water; they will install 0.8 gpf in place of 3.5 gpf toilets, along with low flow showerheads and aerators, anticipated to reduce water usage by 50%. Renovation projects will include, as applicable, high efficiency windows and glazing, high efficiency (96%) condensing boilers and DHW equipment, improved insulation, and technology such as LED and bi-level lighting. PPI will continue to track utility consumption and to measure and verify the impact of all conservation measures and will share these results. Finally, in keeping with its mission of putting the Home in Housing, PPI will engage the residents of our communities and encourage their participation in energy savings efforts for long term sustainability.