CLEVELAND & LOMBARD, Ill.--(BUSINESS WIRE)--The NRP Group LLC (NRP), today announced its selection of American Utility Management, Inc. (AUM) as its partner to provide complete energy and utility management services to its portfolio of over 11,000 apartment units throughout the United States. Under the terms of the partnership, AUM will provide NRP with energy consulting and advisory services through its energy management, invoice processing, and resident services products.
“NRP experienced tremendous growth in 2011,” states N. Dean Allison, NRP Vice President, Property Management. “A key attribute to our continued growth is the understanding of how energy usage and costs affect our properties’ bottom lines. In June, we were recognized by the EPA and its ENERGY Star Program with a Leadership in Housing Award for our energy-efficient construction and environmental protection. In partnering with AUM, we now have the multifamily industry’s foremost energy management experts to look out for our bottom line by providing guidance in further reducing energy costs and usage.”
Utility and energy expenses are the third-largest expenditure for multifamily property owners, and the ability to effectively manage this expense is critical to increase net operating income (NOI), a priority for every property owner. Annually, a 250-unit building can have average gas and electric expenses totaling $200,000.
“Since 1994, AUM’s sole focus has been assisting multifamily property owners manage their energy and utility expenses,” says Michael G. Miller, AUM Chief Executive Officer. “Because of the unique pairing of common areas and residential unit space, the understanding of energy, its usage, and ways to manage it are complex. Our ability to gather the data off of a property’s invoice, review that data, and provide meaningful information to property owners in a timely manner enable our multifamily property owners to take corrective action faster than anyone in the industry. That means real dollars dropping to the bottom line for them every day. We are excited to partner with NRP to be an integral part of their growth objectives.”
About The NRP Group LLC: Developer, Builder and Management Company
The NRP Group is a full-service developer, general contractor, and property manager providing a broad range of services. From start to finish, every project The NRP Group takes on is carefully contemplated and executed to maximize investment return, cost efficiency, productivity and satisfaction. The NRP Group has been recognized as NAHB’s Multifamily Development Firm of the Year.
Since its’ founding in September 1995 by Alan F. Scott, T. Richard Bailey and J. David Heller, the company has experienced continual growth in the fields of single-family, multi-family, senior and student housing. In all, more than 18,057 housing units have been built with another 3,292+ planned in 2012.
In 2003, the owners formed NRP Management, which at year-end 2011 managed 96 properties encompassing 10,164 market rate and tax credit family and senior apartment properties in Ohio, Michigan, North Carolina, Virginia, Texas, Indiana, New Mexico, Florida, and Arizona.
Founded in 1994, American Utility Management (AUM) provides comprehensive energy services to the multifamily industry. The company prides itself on driving bottom line savings for its clients through its energy management, invoice processing, and resident services. AUM uses its proprietary technology and data to create custom energy solutions that allow multifamily management to lower their energy usage and save money. The company distinguishes itself through its knowledgeable and experienced professionals who provide all services in-house without outsourcing to other companies. AUM advises management of over 500,000 multifamily units across the U.S. For more information on AUM, please visit www.aum-inc.com or call 800-418-5393.
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