No more green hyperbole

New CAS product delivers hard numbers from long-standing professionals allowing apartment operators to make accurate decisions about cost benefits of "going green."


“In the U.S., buildings consume 65 percent of the electricity and create 30 percent of the greenhouse gasses,” said Jed Lowry, director of capital planning for CAS Financial Advisor Services. “Owners want to do the right thing, but they still have to meet their budgets. Our new product gives them the ability to see clearly the costs and benefits of every replacement, upgrade, and operating policy change they could make. They’ve never had a tool like this before.”

CAS Financial Advisory Services, the asset management arm of CAS Partners, has launched its Green Capital Needs Assessment (CNA), the first product on the market to meet the green planning needs of residential building owners and managers. Each Green CNA is based on a detailed building inspection and an extensive building cost database, and provides quantitative cost-benefit analysis of all possible green improvements, with solid numbers and clear recommendations.

A key strength of the product is its side-by-side comparison of green and in-kind replacement systems, with costs calculated out for 20 years. Building systems and upgrades occur constantly. Green CNA allows each replacement to be made with full understanding of costs and alternatives, and the impact on current and future budgets.

Green CNA’s data and recommendations are based on the two decades of capital needs assessment experience of On-Site Insight (OSI), CAS’ wholly-owned capital needs subsidiary, experience which includes more than 6,000 properties representing more than $45 billion in replacement value. Green CNA provides year-by-year and life-cycle cost and benefit analysis for more than 150 observable building systems, projected forward 20 years.

“We’re experienced bricks guys who know what building owners and managers need to make their best financial decisions,” said Lowry. “To us, ‘green’ just means making sensible economic decisions for the long term, for the building and for the people who live or work in it. And we know how nervous our clients are about unproven systems that end up costing too much in the long run. They’ve been through that before. We recommend only proven materials and systems.”

Green CNA also provides annual electric, gas, water, and sewer costs savings for green alternatives, and annotated photographs of important systems and potential trouble spots throughout the client’s buildings.

“The Green CNA helps communication too,” said Lowry. “With solid numbers, clear narrative, and side-by-side comparisons of the alternatives, the report allows all stakeholders, including tenants, regulators, and owners, to have discussions based on a solid understanding of the real costs, and real benefits.”