and Energy-Efficient Housing March 18, 2014, 1:00 2:30 p.m. ET Lynn M. Ross, AICP Executive Director ULI Terwilliger Center for Housing ULI Housing Interchange WebinarWelcome ULI Housing Interchange WebinarAgenda Welcome About the Terwilliger Center Presentations Panel Discussion Audience Q & A Closing Remarks ULI Terwilliger Center for Housing Our History Established with $5M gift in 2007 by ULI member and past chairman, J. Ronald Terwilliger, chairman emeritus of Trammell Crow Residential. Our Mission and Focus Facilitate creating and sustaining a full spectrum of housing opportunitiesincluding affordable and workforce housingin communities across the country by leveraging the private sector and other partners. Primary focus on state and local programs/policies. Our Work 18-member advisory board guides a multi-faceted program of work organized into four categories: (1) research and education; (2) publications; (3) outreach and recognition; and (4) convenings. Build Your Housing Know-How without Leaving Your Desk The ULI Housing Interchange Webinar Series will connect you with leading developers on the latest trends, innovative practices, and lessons learned in residential development. Upcoming Programs: In the Mix: Getting Residential Development in Mixed Use Communities Right April 23, 2014, 3:00 4:30 p.m. ET The Role of Intergenerationalism in Community Development June 11, 2014, 2:00 3:30 p.m. ET Learn more at uli.org/housinginterchange Molly Simpson Program Manager ULI Terwilliger Center for Housing ULI Housing Interchange WebinarModerator ULI Housing Interchange WebinarPolling Question Developer Architect or landscape architect Investor/financier Planner (land use, housing, economic development, transportation) Public Official Student Other Please indicate your occupation. New Innovations in Green Communities and Energy-Efficient Housing Molly Simpson, program manager, ULI Terwilliger Center for Housing (moderator) Michael Catalano, green initiatives project manager, Jonathan Rose Companies Helen Gurfel, executive director, ULI Greenprint Center for Building Performance Philip S. Payne, chief executive officer, Gingko Residential Gregory J. Weaver, executive vice president development, Catellus Development Corporation Todays Panel Helen Gurfel Executive Director ULI Greenprint Center for Building Performance ULI Housing Interchange WebinarPanelist ULI Housing Interchange Webinar New Innovations in Green Communities and Energy-Efficient Housing March 18, 2014 What is the ULI Greenprint Center? 11 Urban Land Institute Greenprint Center for Building Performance, founded in 2009 Greenprint is a worldwide alliance of leading real estate owners and financial institutions committed to improving the environmental performance of buildings Greenprints mission is to lead the global real estate community toward value-enhancing carbon reduction strategies Greenprint is a member driven nonprofit 12 Greenprint Membership What is the ULI Greenprint Center? Measure, Manage, Enhance Property Value Greenprint provides an environmental management platform for members to measure, track and benchmark property-level Energy consumption Carbon emissions Water usage Waste diversion Members receive customized reports outlining individual portfolio and fund performance Greenprint Performance Report is a consolidated view of participating properties, detailing environmental performance by geography and asset class Greenprint Environmental Management Platform Data analytics Normalization Carbon calculation Online dashboards Improving performance Benchmarking properties, funds, & portfolios Project tracking On-demand reporting Tracking against goals Analysis & Benchmarking Environmental Reporting Reporting Variance checks Multi-stakeholder data entry and review process Greenhouse gas protocol calculation methodology ISO 14064 Auditability Data Quality Review Asset Data Property characteristics Space & tenant use Certification/Rating Environmental Data Energy Water Waste Refrigerants Environmental & Asset Data Capture By the industry, for the industry City initiatives Environmental Management Platform Greenprint Program of Work Best Practices and Case Studies Setting Global Standards Valuation & Portfolio Management Committee Innovation Roundtable Link financial metrics with environmental metrics 16 Greenprint Partnerships & Alliances Strategic Alliances Innovation Partners SKANSKA 17 Greenprint Performance Report Volume 4 18 Greenprint Performance Report Volume 4 PROPERTIES IN 2012 19.6% Increase in properties 2011 2,702 properties 2012 3,232 properties SQUARE METERS IN 2012 14.9% Increase in square meters 2011 65 million m 2 2012 75 million m 2 FUNDS IN 2012 33.3% Increase in funds 2011 120 Funds 2012 160 Funds Greenprint At-A-Glance 19 energy -3.2% 2012: 9,179 million kWh carbon 2012: 3,247,398 mtCO2e -3.4% occupancy 1.0% 2012: 48.8 million m2 of area Recycling Rate 16.5% 2012: 10,891 metric tons of recycled material water 0.5% 2012: 52.8 million kiloliters cost of energy -3.2% 2012: 473 million 2012 portfolio includes 2,345 properties with consistent year over year data Report Performance Snapshot Greenprint Performance Report Volume 4 3/18/2014 20 AMERICAS 2,021 assets, 7 countries 51.3 million m 2 (552 MSF) +8.7% EMEA 1,022 assets, 23 countries 18.1 million m 2 (195 MSF) +33.3% 189 assets, 16 countries 5.3 million m 2 (57 MSF) +17.7% ASIA PACIFIC Greenprint Performance Report Volume 4: Global Regions 3/18/2014 21 Greenprint Performance Report Volume 4: Cities SAN FRANCISCO 60 properties 173 annual kWh/m2 WASHINGTON D.C. 83 properties 192 annual kWh/m2 NEW YORK 44 properties 260 annual kWh/m2 PARIS 17 properties 183 annual kWh/m2 LONDON 165 properties 403 annual kWh/m2 FRANKFURT 15 properties 236 annual kWh/m2 TOKYO 17 properties 139 annual kWh/m2 SEOUL 4 properties 273 annual kWh/m2 SAN FRANCISCO NEW YORK WASHINGTON D.C. LONDON PARIS FRANKFURT SEOUL TOKYO Energy Saving Best Practices in Multifamily Best Practices Install programmable thermostats Automatically adjust temperature settings Lighting retrofits and controls Replace all incandescent bulbs Ensure lights will not be left on in unoccupied areas Install lighting controls including photosensors, vacancy sensors and timers Better manage vacant units Turning off breakers Turning heating and cooling off or to a minimal temperature setting Adjusting refrigerators and freezers Preventative maintenance on heating and cooling equipment Check and replace filters regularly Clean and treat evaporator and condenser coils, and clean dampers, air ducts, blower units Minimize heating and cooling load Install weather stripping on doors and windows to eliminate drafts and air leakage Utilize ceiling fans Use window shades, tinting and films Open windows rather than using mechanical heating or cooling equipment Educate employees Instruct staff to be diligent about turning off unnecessary lights, minimizing use of heating and cooling, and turning off appliances Tenant Engagement Initiate conversation, focus on why an increase in energy data sharing is important Sharing aggregated or anonymized information to reduce privacy concerns Provide Tenants Feedback on Performance Create programs and campaigns for tenants on energy performance Provide energy tracking mechanisms for tenants Green Lease Amend the lease to realign tenant and owner interest Allow improvements to be mutually beneficial Benchmarking and Disclosure Policies Adopt benchmarking and disclosure policies Best Practices for Data Collection in Multifamily 24 Thank you For more information please contact me at helen.gurfel@uli.org or at 212 808 2177 Or view our website at www.uil.org/greenprint To view the Greenprint Performance Report, Volume 4 http://www.uli.org/wp-content/uploads/ULI- Documents/GreenprintPerformanceReportVolume4.pdf ULI Housing Interchange WebinarPolling Question Low-cost measures New advancements in building systems Renewables and on-site energy production New technological innovations and data tools Local and state policy innovation Tenant engagement and behavior change programs Other What are you most interested in when it comes to innovations in residential energy-efficiency and green design and construction? Gregory J. Weaver Executive Vice President - Development Catellus Development Corporation ULI Housing Interchange WebinarPanelist Mueller 5,700 single-family and multi-family homes 4.4 million sf of commercial development 1.9 million sf of institutional 750,000 sf of retail 1.3 million sf of office 140 acres of parks and open space $230 million in infrastructure Institutional Retail Greenspace Commercial Residential Infrastructure Current Program Overview: Development Program Mueller Now Homes Approximately 1,100 single-family homes and condos sold with 400 more lots under construction 943 apartments complete with 279 under construction Nearly 2,000 families living in Mueller; about 5,000 people Commercial 400,000 SF of retail complete 1.3 million SF of commercial & institutional space complete 50 businesses open 2 corporate headquarters open Over 3,300 employees working in Mueller Parks and Open Spaces 5 parks complete Over 75 acres of parks and open space in use 3 miles of trails complete Open Space & Sustainability The green urbanism model promotes sustainability on three distinct levels: Green Community Design Compact, walkable, transit- oriented Reduce automobile dependency Green Buildings LEED & AEGB requirements Resource efficient design Regional materials Non-toxic, recycled, sustainably-harvested materials Green Infrastructure Over 15,000 trees planted On-site stormwater treatment Native planting Reclaimed water for irrigation Austin Energy power station Sustainable Development Facts Commercial Project Results 5,443,219 gallons of building water saved and 5,837,153 gallons of irrigation water saved 79,305 BTUs x 10^6 of building energy saved 39,365 tons of construction waste diverted 379,360 CCF of natural gas saved 12,326,316 KWh of electricity saved Mueller has the highest concentration of green-built buildings in Central Texas (possibly the nation) USGBC LEED Neighborhood Development pilot All single-family homes rated a minimum of three stars in AEGB and now, LEED certified AEGB Data as of March 2014 Sustainable Development Highlights Dell Childrens Hospital LEED Platinum Setons Administration Building LEED Gold Mueller Central LEED Gold Facility Highlights LEED/AEGB rating Mueller Community LEED ND Silver Dell Childrens Platinum / 5-star Ronald McDonald House Platinum Mueller Central - Catellus Gold / 4-star Seton Admin Building Gold / 4-star UTs Dell Pediatric Research Gold Thinkery Silver Regional Retail 3- and 4-Star 67 Homes 5-Star 45 Homes 4-Star 747 Homes 3-Star AEGB Data as of March 2014 Tax Increment Financing Anticipated results at completion: Taxes (estimated over 20 years) - $30 million of sales tax revenue - $104 million of property tax - $1 billion tax base Jobs - Over 13,000 full time jobs on site - Over 11,000 construction jobs $230 million in infrastructure Economic Impact Philip S. Payne Chief Executive Officer Ginkgo Residential ULI Housing Interchange WebinarPanelist Ginkgo Concept To provide high quality workforce rental housing that is energy efficient and environmentally sensitive. Ginkgo Concept Financial Considerations Target Rent Investor Return Total Cost Acquisition Cost Rehabilitation Cost Ginkgo Concept 25 - 25 - 750 Yorktown Club - Interior Collapsed flooring due to water infiltration Remodeled entryway and staircase Yorktown Club - Interior Old kitchen with appliances Fully renovated kitchen, new Energy Star appliances Yorktown Club Interior 5 gallon per flush toilets New low-flush water-efficient toilets Yorktown Club Project Economics - Actual Per Unit Project Acquisition Cost $24,400 $ 5,750,000 Renovation Cost $36,300 $ 8,565,000 Total $60,700 $14,315,000 Cost per Square Foot $ 41.75 Yorktown Club Resident Economics Pre-Renovation Post-Renovation (actual) (budget) Average Rent $640 $830 Water $0 $30 Electricity $300-350 $150-210 All-In Cost to Rent $940-990 $1,020-1,070 Difference $70-80 Michael Catalano Green Initiatives, Project Manager Jonathan Rose Companies ULI Housing Interchange WebinarPanelist Urban Land Institute New Innovations in Green Communities and Energy-Efficient Housing March 18, 2014 Energy Efficiency Retrofit Jonathan Rose Companies | 5 Collins Circle, Portland, OR Low Hanging Fruit Green Retrofit Collins Circle, Portland, OR Bathroom & Kitchen Fixtures: Low Flow Fixtures Dual Flush Toilets Washing Machines: Switch existing machines to energy efficient front loaders Air Handler: Adjust to not run constantly Lighting: Bi-Level Corridor Lighting Remove Hallway Wall Sconces Install Timer Exterior Lighting Garage Lighting T12 to T8 Low Hanging Fruit 13% Owner Paid Energy Reduction Jonathan Rose Companies | 56 Green Retrofit Results Collins Circle, Portland, OR 3% Gas Reduction 23% Base Load Electricity 5 Year Payback 13% Overall Energy Reduction 20% 17% Jonathan Rose Companies | 57 Energy Spend Reduction Co2 Reduction HUD GRP Green Retrofit 107-145 W135th, Manhattan, NY Jonathan Rose Companies | 58 HUD Green Retrofit Project 107-145 W135th, Manhattan, NY Envelope: R30 Ceiling Insulation 55 Double Pane Windows HVAC: Replaced 60 existing radiators w/20 Slant Fins 10 new 85% EF boilers, Domestic Hot Water Base Load Electricity: 28 KW PV System 84 Energy Star Refrigerators: 72 Energy Star Ranges & Hoods: 14 Energy Star Bath Exhaust Fans 198 Energy Star Ceiling Fans 33% Total Building Energy Reduction Jonathan Rose Companies | 59 HUD Green Retrofit Project 107-145 W135th, Manhattan, NY 38% Gas Reduction 23% Base Load Electricity 33% Overall Energy Reduction 40% 30% Jonathan Rose Companies | 60 Energy Spend Reduction Co2 Reduction HUD EIF Green Retrofit 2 Nevada St, Newark, NJ Jonathan Rose Companies | 61 HUD EIF Green Education Nevada St, Newark, NJ Jonathan Rose Companies | 62 HUD EIF Green Education Nevada St, Newark, NJ Jonathan Rose Companies | 63 HUD EIF Green Retrofit Nevada St, Newark, NJ Jonathan Rose Companies | 64 HUD EIF Green Retrofit Nevada St, Newark, NJ Jonathan Rose Companies | 65 HUD EIF Green Retrofit 2 Nevada St, Newark, NJ Green Resident Education Electricity & Heating Consumption feedback system 232 Energy Star Refrigerators: 710kWh to 363kWh 612 AC Covers Boiler Oil to Gas Conversion Lighting: 2,250, LED light bulbs 15% Base load Electricity Reduction Jonathan Rose Companies | 66 HUD EIF Green Retrofit 2 Nevada St, Newark, NJ 20% Total Building Energy Reduction Goal: Jonathan Rose Companies | 67 ULI Housing Interchange WebinarPanel Discussion Molly Simpson, program manager, ULI Terwilliger Center for Housing (moderator) Michael Catalano, green initiatives project manager, Jonathan Rose Companies Helen Gurfel, executive director, ULI Greenprint Center for Building Performance Philip S. Payne, chief executive officer, Gingko Residential Gregory J. Weaver, executive vice president development, Catellus Development Corporation ULI Housing Interchange WebinarPolling Question Consumer demand Regulation or policy incentives Environmental concerns Utility prices What do you feel is the primary driver for green design and energy- efficiency improvements in residential development? ULI Housing Interchange WebinarPanel Discussion Molly Simpson, program manager, ULI Terwilliger Center for Housing (moderator) Michael Catalano, green initiatives project manager, Jonathan Rose Companies Helen Gurfel, executive director, ULI Greenprint Center for Building Performance Philip S. Payne, chief executive officer, Gingko Residential Gregory J. Weaver, executive vice president development, Catellus Development Corporation Questions and Answers Coming Soon in Urban Land March/April 2014 issue will feature Preview of Vancouver Residential focus Policy Perspective Tracking Energy Use in Multifamily Buildings May 14 16, 2014 | Denver, Colorado How will housing, health, and the built environment intersect in the face of shifting demographics and a changing economy? Find out by attending the ULI Terwilliger Center for Housing annual conference, Housing Opportunity 2014: Healthy Housing, Healthy Places! Join 300 colleagues in the Mile High City for a robust program and great networking. Register today for the best rates! Visit housingconference.uli.org for program details and to register. ULI Housing Interchange WebinarNext Program In the Mix Getting Residential Development in Mixed Use Communities Right April 23, 2014, 3:00 4:30 p.m. ET Robert M. Sharpe, managing partner, Rancho Sahuarita (moderator) Jonathan H. Brinsden, chief executive officer, Midway Richard L. Perlmutter, managing partner, Argo Development Company Susan Powers, president, Urban Ventures, LLC Learn more and register: uli.org/housinginterchange