Maximize Real Estate Value

Less is more: Save energy, space, and money.

Challenges to Maximizing Real Estate Value

Building owners and real estate developers have a common challenge: space is at a premium and land value in most cities is growing more expensive. Every square foot in a building matters. At the same time, tenants want affordable prices and greener, more energy efficient buildings. Onsite boiler and chiller plants require a lot of space. How can building owners meet their tenant’s energy needs, while also optimizing space for more profitable use?

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Vicinity Can Help You Optimize Your Investment

Through Vicinity’s district energy networks and energy solutions, building owners can maximize the value of their real estate assets. Vicinity owns, operates and maintains the largest district energy portfolio across the U.S., providing exceptionally reliable clean steam, hot water and chilled water to over 230+ million square feet of building space. By joining a local Vicinity district energy network, you can access an efficient energy source for your heating and cooling needs, while saving on capital expenses. Vicinity can also recommend other innovative energy solutions to optimize your existing mechanical systems to generate the most value from your investment.

Advantages to Partnering With Vicinity to Maximize Real Estate Value

Gain More Space

Vicinity’s district energy service eliminates the need for in-building boilers and/or chillers and cooling towers allowing you to increase rentable/usable space. On average, district energy connection infrastructure requires about the same amount of space as a single parking space, which means buildings can make smart, economic use of all the space they would have needed to dedicate to boilers, chillers, cooling towers, and more.

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Save on Operations and Maintenance (O&M)

Are you spending valuable capital on costly repairs and maintenance or more than you should on utility costs? Save money, free up cash flow and increase profitability by connecting to district energy. Our team of energy experts can also make recommendations to reduce your O&M costs through our asset management and energy efficiency solutions.

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Green Sells

Building owners, tenants, investors, and federal and local governments want energy efficient buildings. Lowering your carbon footprint and gaining extra LEED points is simplified by connecting to a district energy system. Vicinity can also make recommendations for upgrades and retrofits to your existing onsite energy infrastructure to reduce your carbon footprint through our asset management, energy optimization or microgrid solutions.

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Meet Mission Critical Needs

If you have a mission critical facility that would benefit from resilient high-pressure steam (like a laboratory or hospital), then district energy and/or a microgrid could be the solution for you. District energy and microgrids can provide not just heating and cooling, but also thermal energy that can be used for process loads, sterilization, humidification, and more.

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