Ocius Apartment Submetering Business Up More Than 100%

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Multifamily submetering installer enjoys exponential growth in new submetering installations, retrofits, and maintenance.

Ocius, a leading provider of submetering systems, and resident billing and utility invoice processing services for apartment managers, today announced that its submetering business was enjoying explosive growth driven by outstanding service, competitive bidding, and sustained new construction growth in the multifamily segment.

Ocius clients for submetering comprise many of the NMHC Top 50 including industry leaders Fairfield Development, Mid-America Apartments, and The Bozzuto Group. Ocius is performing installations coast-to-coast with a heavy concentration in the Mid-Atlantic and the Southeast.

An increasing number of multifamily property owners and managers see the advantages of installing submetering to increase the ROI through reducing owner utility expenses by billing residents for utility consumption. There is an additional reward for Going Green and conserving natural resources as more residents become aware of the benefits of energy conservation.

"While the rate of new construction in multifamily has grown at about ten to fifteen percent from last year, our business has actually more than doubled," said Keith Nelson, Chief Operating Officer of Ocius. "We work incredibly hard to always keep our installation commitments and deliver fully functional submetering systems on time and under budget – it seems our clients really appreciate that."

About Ocius:
Ocius invented the process of convergent billing thirteen years ago and continues to be the innovation leader in this rapidly growing segment. Ocius also provides Utility Expense Management, Transaction Processing, Submetering, and Resident Portal solutions that help our clients exceed their goals and delight their residents. Ocius serves more than 100 leading property management companies including 17 of the NMHC Top 50 Apartment Managers and processes more than $2 Billion in resident billing annually. For more information, visit: http://www.ocius.net or call 866-850-3500.

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John Gunn
Ocius
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