Increasing Asset Value of Suburban Offices with 10 Weeks of Data
In the beginning of 2020, ownership challenged Enertiv to deliver an attractive return on investment with six Class A office assets in Jacksonville, FL.
What We Did
By the end of January, Enertiv had installed 1,470 sensors, integrated with the building management systems, and taken digital scans of the properties.
During the onboarding and training session in February, Enertiv’s client success team presented the operational issues that had been identified as well as the prescriptions and quantified impact.
As the third party management engineers began implementing the prescriptions with the support of Enertiv’s client success team, the COVID-19 outbreak dramatically changed the occupancy of the building. Fortunately, the data allowed Enertiv and engineers to quickly confer, adjust their plan on the fly, and ensure that operations reflected the new reality.
How It Turned Out
Enertiv’s client success team not only presented specific insights, but followed-up to ensure that prescriptions were being implemented. Each change was measured and verified in the data before being reported to asset managers.
In the process of verifying the savings impact, Enertiv noticed that changes to HVAC controls were not having any effect on the equipment operations. This prompted an inspection that uncovered a malfunctioning controller, a common and costly problem that otherwise would remain hidden until the next yearly audit.
Ultimately, the optimizations increase the asset value of the office campus by $3,650,000.
