Sunday, March 15, 2009

Vantage Properties Kicks Off Energy Saving Program at 139 Properties

NEW YORK, NY—President Barack Obama’s oratory on energy saving is beginning to catch the attention of the real estate industry.

In New York City specifically, where air quality is almost always a controversial topic, Vantage Properties LLC today began a major project, in partnership with U.S. Energy Group, to reduce the carbon footprint of its 139-building portfolio.

Vantage Properties is one of New York's leading owners of affordable residential and retail property.

Vantage will be using U.S. Energy’s state-of-the-art energy management and control technologies to improve usage and reduce waste and pollution at each property.

Neil Rubler, (top right photo) president and CEO of Vantage Properties, explains:

“Most multi-family buildings use a single outside sensor to control cycling of the fuel-energy system -- a method which is highly inaccurate, often resulting in the burning of excess fuel and, therefore, increased pollution.

“Vantage is implementing U.S. Energy’s Energy Management System (EMS) which uses strategically placed sensors throughout each property to reach the ideal comfort level for all residents without waste. Consequently, the properties achieve increased energy efficiency while reducing overall operating costs. “

Additionally, Rubler says, each Vantage building will be monitored with USE-Manager, which “provides constant online analysis of each facility’s fuel-energy system in order to identify weaknesses and potential problems, track usage and alert building management immediately regarding any issues that could impact residents.

“These measures not only reduce the carbon footprint of the properties, they also prolong the life of each heating system.”

Rubler adds, “Vantage is dedicated to setting the highest standards of quality for affordable housing. We believe that incorporating innovative and sustainable property management practices is integral to the responsible and proactive maintenance of our properties and a step toward making New York a healthier urban environment.”

Gerald Pindus, (bottom right photo) CEO of U.S. Energy Group, says “Vantage Properties is part of a new generation of property owners and managers whose prescient approach to managing their portfolios in order to curb waste and pollution will not only promote a better quality of life for their residents, but a better quality of life for us all.”

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