World News: 14:00 GMT Monday 14th January 2019. [Motili via Businesswire via SPi World News]
Motili a real-estate technology company, today announced that it is working with Cardinal Group to complete an energy-efficiency upgrade project at Westmar Lofts, a modern student housing community located near Georgia Tech in Atlanta, Georgia. The project consists of a comprehensive retrofit of the facility’s entire Heating/Ventilation/Air Conditioning system, servicing close to 400 apartment homes. Cardinal Group is leading the industry with the installation of one of the most sustainable and energy-efficient HVAC systems available today.
HVAC is the number one consumer of energy in the commercial building space, and Westmar is installing a highly energy efficient 16 SEER, 3 SEER higher than required by the Georgia Energy Code. This project will also qualify for utility rebates from Georgia Power for installation of the state-of-the-art system.
Cardinal Group also installed new LED lighting throughout the entire property, and high efficiency water fixtures in the resident apartments, to unlock additional savings in electric and water.
“We looked to Motili for this project because of their expertise in large scale, turn-key HVAC projects in occupied spaces,” said Andrew Ellis, Senior Project Manager at Cardinal Group. “Motili was able to bring together a turn-key project that exceeded our investment criteria, and delivered on our commitment to bring a sustainable living environment to our communities and valued residents.”
Westmar expects the new HVAC installation to pay back on energy savings in under 5 years. Typically, HVAC retrofit ROI has a 10 year horizon.
“Getting an HVAC redevelopment project to payback under 5 years is tremendous,” said Matthew Sallee, Vice President of Sales at Motili. “Our expertise in HVAC in multifamily projects in the multi-family environment ultimately allowed us to overcome the myriad challenges presented by a project of this scope and scale.”
Motili leverages a nationwide network of contractors, operations teams, and the industry’s most advanced Internet platform, to handle work requests from start to finish. Motili automatically schedules, dispatches, manages and invoices job requests. Motili’s predictive analytics improves budgeting accuracy by predicting project equipment failures before they happen.
Learn more about Motili’s Asset Management platform at: motili.com
About Cardinal Group
Cardinal Group is a fully-integrated real estate investment, construction, development, and management firm specializing in opportunistic and value-added investments throughout the United States. Cardinal Group has earned a reputation for creating vibrant multifamily and mixed-use communities incorporating signature design, high-quality finishes, and market leading amenities. The Company combines a highly analytical approach with hands-on management to deliver superior risk-adjusted results for investors and clients.
Motili’s technology platform allows property managers, owners and investors to easily manage repair and replacement jobs. Motili handles all aspects of the job from scheduling to ordering equipment to invoicing, making Motili the single point of contact for all property maintenance and equipment replacement.
Visit: motili.com to learn more
Business Wire: 14:00 GMT Monday 14th January 2019
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