A respected property investment and management firm, Castellan Real Estate Partners has operated out of New York City since 2009. Over the years, it has invested in debt and equity transactions with a combined market value of roughly $750 million. The firm performs assessments on all buildings that it acquires to ensure that they are energy efficient and environmentally proactive.
The firm has found that the single most effective way to reduce fuel consumption is to convert building boilers from oil to natural gas. In addition to its reduced cost, natural gas burns cleaner and, therefore, presents less of a threat to the environment. Natural gas currently heats 64 percent of Castellan properties.
By contracting with the third-party engineering firm Bright Power, Castellan performs extensive energy audits on each of its properties. The recommendations of these audits have led to repairs and improvements that range from the optimization of HVAC distribution ducts to the installation of low-flow toilets.