Residents are your lifeblood, but their bathing habits hurt your Net Operating Income. Evolve helps everyone enjoy more. use less.
Evolve utilizes its entrepreneurial product development expertise, instead of behavior change and sacrifice, to help multifamily building owners, REITs and property managers, lower utility bills, secure green loans, increase property appeal, delight residents, and improve Net Operating Income by increasing water and energy efficiency in the following areas:
Warm-Up Waste I Structural Waste
Evolve's products are good for you and your residents too.
Fast Hot Water-reduce waits by delivering hot water up to 3X faster, showers are ready in seconds
Luxury Shower Experience – save water & energy without reducing showerhead flows
Added Convenience – hot-shower-standby feature keeps empty showers from running on and on
Improved Comfort – hot water lasts longer
No Behavior Changes – save water and energy without residents altering their get-ready routines
Lower Water & Energy Bills - save up to 15 gallons of hot water per shower
Increase Net Operating Income- reduce utility expenses to enhance multifamily building value
Secure Green Loans - receive lower interest rates & product financing through Fannie Mae & Freddie Mac
Improve Property Appeal - residents will pay more to live in apartments with sustainable design features
Enhance ESG Scores - increase water efficiency, energy efficiency and, reduce C02 emissions
Applegate Apartments, owned and operated by Maryland Management, installed 156 Auto Diverting Tub Spout Systems in the summer of 2016. Installations were performed by the property's maintenance staff and total water consumption was monitored via meter readings from from the billing statements provided by the local water utility. Comparing water use from the Year Prior To Install to the Year After Install revealed 785,345 gallons of water saved - a 7% reduction in total property use.
Contact Us to learn more about how Evolve's products and technologies can increase your multifamily property’s Net Operating Income through water and energy efficiency residents love.