NEW YORK & CHANDLER, Ariz.--(BUSINESS WIRE)--As demand continues to grow for new single-family Build-for-Rent (BFR) housing communities equipped with desirable amenities, such as cost-saving home energy technology, SVN | SFR Capital Management (“SVN | SFR”), a private commercial real estate investment firm dedicated to the single-family BFR housing sector, today announced a partnership with home energy solutions provider, Elevation. Elevation’s award-winning solutions uniquely combine solar, energy efficiency, and energy monitoring technology to advance ESG (Environmental, Social, and Governance) goals of reducing energy consumption and costs.
SVN | SFR expects to amass a portfolio of approximately 35,000 BFR homes in various self-contained communities across the U.S. over the next 5-7 years, depending on economic conditions and tenant demand. Homes within these communities will be influenced with environmentally responsible ESG benefits including Elevation’s smart energy and solar technology to offer homeowners and landlords energy benefits as well as capital investors the prospect to grow ancillary revenue/additional income.
“Our partnership with Elevation is happening at a critical point in SVN | SFR’s investment allocation process as we develop our portfolio of BFR rental communities,” said Jeff Cline, CEO of SVN | SFR Capital Management. “Prior to breaking ground on communities, Elevation can recommend and develop ways we can ensure the latest and best energy-based solutions are integrated in these homes for ensuring ESG benefits into the future.”
Elevation was recently named, for the third consecutive year, as the recipient of the 2021 U.S. Environmental Protection Agency (EPA) Home Performance with ENERGY STAR: Sustained Excellence award.
"Our whole-home approach not only provides cost savings for the renter with solar and energy efficiency, but it also provides broader access to energy solutions,” said Elevation’s CEO, Greg Fasullo. “Historically, energy improvements like efficiency upgrades and renewable energy have been limited to homeowners. This powerful combination of environmental and societal benefits provides real, measurable impact on ESG goals and delivers meaningful value for the renter.”
Elevation is a fully integrated residential energy solutions company providing solar, energy efficiency, and smart energy management technology. As a 2019, 2020, and 2021 Contractor of the Year recipient by the U.S. Department of Energy, Elevation is a proven leader in clean energy technology, and sets the industry standard in its deployment of this technology to homeowners, institutional operators of single-family rental properties, and utility providers. Poweredbyelevation.com
About SVN | SFR Capital Management
SVN | SFR Capital Management, (“SVN | SFR”), based in New York, NY, is a private, commercial real estate investment firm dedicated to investment in the Build-for-Rent (“BFR”) asset class across the U.S. SVN International Corp. (“SVNIC”), a globally recognized, Boston-based, full-service CRE advisory firm, is an affiliated entity. SVN | SFR is advised by McIntyre Capital Partners, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) and a member of FINRA and SIPC. SVN | SFR intends to aggregate approximately 35,000 new construction BFR homes in the near-term through an initial allocation of $1 billion in equity and debt capital from institutional investors, to aggregate into a large-scale commercial real estate portfolio for eventual disposition. For more information, call 602.466.1381 or email SFRCapitalManagement@svn.com.