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The effects of environmental technology on real estate development - How to increase asset value through the implementation of innovative environmental technology

IP.com Disclosure Number: IPCOM000128045D
Original Publication Date: 1998-Dec-31
Included in the Prior Art Database: 2005-Sep-14
Document File: 4 page(s) / 18K

Publishing Venue

Software Patent Institute

Related People

Trevisani, Christopher D: AUTHOR [+3]

Related Documents

http://theses.mit.edu:80/Dienst/UI/2.0/Describe/0018.mit.theses/1998-242: URL

Abstract

In response to the increased awareness of global warming and sustainable energy usage, methods to improve energy consumption in the real estate industry through innovative environmental technology were explored. Since the new stock of buildings each year represent a small portion of the total supply of real estate, improvements to the existing stock through energy-efficient upgrades can result in substantial reductions in overall energy demand, Since most of the buildings built prior to 1981 are inefficient in terms of energy usage, coupled with the fact that 60% of these buildings will still be operating in 2020, there is significant progress to be made for a sustainable energy system. This thesis explores ways to improve energy efficiency in building design through the implementation of innovative, environmental technology. The financial savings through energy efficiency may result in an increase in value of the underlying asset by increasing the net operating income. To test this thesis, over 100 case studies were analyzed in various sectors of the real estate industry over a vast geographical area to determine the effects of energy efficiency on building performance, Based on the results of the analysis, the potential increase in asset value was calculated by capitalizing the cash flow stream. The results showed that a significant increase in asset value can be achieved by implementing innovative environmental technology, Thesis Supervisor; Fred Moavenzadeh Title; George Macomber Professor of Construction Management

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 This record is the front matter from a document that appears on a server at MIT and is used through permission from MIT. See http://theses.mit.edu:80/Dienst/UI/2.0/Describe/0018.mit.theses/1998-242 for copyright details and for the full document in image form.

The Effects of Environmental Technology on Real Estate Development - How to Increase Asset Value Through the Implementation of Innovative Environmental Technology

by

CHRISTOPHER D. TREVISANI
B.S., Civil Engineering, 1993 Union College Submitted in partial fulfillment of the requirements for the degree of Masters of Science in Real Estate Development

at the Massachusetts Institute of Technology

September, 1998
SIGNATURE OF author: [[signature omitted]]

Department of Urban Studies and Planning

July 31, 1995

CERTIFIED BY: [[SIGNATURE OMITTED]]

Fred Moavenzadeh George Macomber Professor of Construction Management Thesis Supervisor ACCEPTED BY: [[SIGNATURE OMITTED]]

William C. Wheaton Chairman, Interdepartmental Degree Program in Real Estate Development ARCHIVES MASSACHUSETTS INSTITUTE OF TECHNOLOGY LIBRARIES OCT 23 1998

Massachusetts Institute of Technology Page 1 Dec 31, 1998

Page 2 of 4

The effects of environmental technology on real estate development - How to increase asset value through the implementation of innovative environmental technology

The Effects of Environmental Technology on Real Estate Development - How to Increase Asset Value Through the Implementation of Innovative Environmental Technology

by

Christopher D. Trevisani

Submitted to the Department Of Urban Studies And Planning on July 31, 1998 in Partial Fulfillment for the Degree Of Masters Of Science In Real Estate Development

ABSTRACT

In response to the increased awareness of global warming and sustainable energy usage, methods to improve energy consumption in the real estate industry through innovative environmental technology were explored. Since the new stock of buildings each year represent a small portion of the total supply of real estate, improvements to the existing stock through energy-efficient upgrades can result in substantial reductions in overall energy demand, Since most of the buildings built prior to 1981 are inefficient in terms of energy usage, coupled with the fact that 60% of these buildings will still be operating in 2020, there is significant progress to be made for a sustainable energy system.

This thesis explores ways to improve energy efficiency in building design through the implementation of innovative, environmental technology. The financial savings through energy efficiency may result in an increase in value of the underlying asset by increasing the net operating income. To test this thesis, over 100 case studies were analyzed in various sectors of the real estate industry over a vast geographical area to determine the effects of energy efficiency on building performance, Based on the results of the analysis, the potential increase in asset value was calculated by capitalizing the...