Multifamily developers and owners recognize that investing in sustainability and decarbonization today is an essential step towards reducing long-term operating costs, helping the environment, and improving quality of life for residents, says one director of sustainability.
Amid slower NOI growth in 2023, commercial real estate owners are looking for ways to maintain or improve NOI and solar has become a great untapped opportunity to help achieve financial gains.
Devin Murphy of Phillips, Edison & Co. emphasizes the crucial role of flexibility in thought processes for effective leadership at the recent ICSC Las Vegas conference.