GreenT Climate Software has announced the official launch of their BPS Management Solution, a web-based software built specifically for multifamily real estate portfolios to automate portfolio-wide sustainability compliance visibility, plan capital expenditures and protect profitability from noncompliance penalties. “In our hundreds of conversations with Multifamily professionals from NMHC Top 50 owners to smaller owner/operators, the challenges they face are consistent,” said GreenT CEO Ryan Holmes. “Much of the friction around sustainability is just understanding where to start and what needs to be done. Our BPS Management Solution creates easy to understand compliance risks, costs and timelines that owners and operators need for proactive capital planning and ongoing compliance with Building Performance Standards (“BPS”), compliance benchmarking and enhanced benchmarking.”
“We have properties throughout the US.” said Krystal Eldredge, Vice President Sustainability and Compliance, Simpson Property Group LLC. “As each jurisdictions’ targets and requirements vary, it can be a challenge to ensure we are compliant with current phases while planning for future ones. Having a tool to help us focus our efforts allows Simpson Property Group to be proactive and not reactive to BPS”
The BPS Management Solution, the company’s newest offering, in addition to filing compliance reporting, creates YOY comparative visibility between property performance versus the requirements of BPS and calculates the estimated fines for noncompliance, giving asset managers and owners the opportunity to be proactive, not reactive to emerging and existing standards directly and consequently impacting their properties. This essentially maximizes the value of capital expenditures, layering in regulatory compliance and creating greater operational efficiency across the portfolio.
“Understanding the nuances of multifamily operations was our launch point in developing our BPS Management Solution,” said Mary Nitschke, Chief Sustainability Officer. “What once took me months of research to implement over billions of dollars of assets is now distilled into some really simple-to-use software. Sustainability. Compliance. Profitability. Our solution changes compliance challenges into a net positive proactive experience.”
GreenT Climate Software’s BPS Management Solution automates the data points of compliance with estimated fine calculations and compliance support has caught the eye of owners and investors creating a strong start for the company.
