<p>Utility costs are among the largest expense categories in multifamily real estate; they have been rising in the double digits year over year.</p><p>The industry's attempt to answer has largely been technology. Smarter systems. AI-powered optimization. Devices that promise to cut costs by plugging into aging infrastructure.</p><p>Kyle Hendricks, VP and Head of Sustainability at Equity Residential, one of America's largest apartment owners, took a different approach. He tied energy performance to the annual compensation of every employee in the company — from the executive suite to the person turning over a unit between tenants — and turned a small corporate team into an army of part-time energy managers across 300 communities.</p><p>The first answer from leadership was a hard no. Then a maybe. Then show us the measurement. Where does this break down?</p><p>In this episode, Kyle explains how he built the case, why operating discipline outperforms silver bullet technology in a portfolio of old buildings, and what climate tech startups need to understand about multifamily real estate before they walk in the door.</p><p><strong>Show Notes</strong></p><p>Guest: <a href="https://www.linkedin.com/in/kylehendricks1/">Kyle Hendricks, VP and Head of Sustainability</a></p><p>Company: <a href="https://www.equityapartments.com/">Equity Residential</a></p><p><br>For more low-carbon innovations now scaling—and the playbooks driving their market adoption—subscribe to the podcast plus our:</p><p>* <a href="https://supercool.beehiiv.com/subscribe">Weekly Newsletter</a></p><p>* <a href="https://getsuper.cool/playbook/">Climate Adoption Playbook</a></p><p>* <a href="https://www.instagram.com/getsupercool">Supercool on Instagram</a> </p><p>* <a href="https://www.linkedin.com/company/getsupercool">Supercool on LinkedIn</a></p>

Supercool

Supercool

Renters Delight: How One of America's Largest Property Owners Cuts Energy Costs

JUN 3, 202641 MIN
Supercool

Renters Delight: How One of America's Largest Property Owners Cuts Energy Costs

JUN 3, 202641 MIN

Description

Utility costs are among the largest expense categories in multifamily real estate; they have been rising in the double digits year over year.The industry's attempt to answer has largely been technology. Smarter systems. AI-powered optimization. Devices that promise to cut costs by plugging into aging infrastructure.Kyle Hendricks, VP and Head of Sustainability at Equity Residential, one of America's largest apartment owners, took a different approach. He tied energy performance to the annual compensation of every employee in the company — from the executive suite to the person turning over a unit between tenants — and turned a small corporate team into an army of part-time energy managers across 300 communities.The first answer from leadership was a hard no. Then a maybe. Then show us the measurement. Where does this break down?In this episode, Kyle explains how he built the case, why operating discipline outperforms silver bullet technology in a portfolio of old buildings, and what climate tech startups need to understand about multifamily real estate before they walk in the door.Show NotesGuest: Kyle Hendricks, VP and Head of SustainabilityCompany: Equity ResidentialFor more low-carbon innovations now scaling—and the playbooks driving their market adoption—subscribe to the podcast plus our:* Weekly Newsletter* Climate Adoption Playbook* Supercool on Instagram * Supercool on LinkedIn