IREM and Rocky Mountain Institute Release New Sustainability and Energy Retrofit Course

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Online course series empowers professionals to incorporate all of the value elements of deep retrofits into their decision making

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“These courses will empower professionals in the investment real estate industry to make a compelling case to move projects forward with owners, investors, and other stakeholders.”

The Institute of Real Estate Management (IREM) and Rocky Mountain Institute (RMI) partnered to develop a series of interactive, scenario-based online courses based on RMI’s practice guide, Deep Retrofit Value: A Guide for Investors. These courses provide a systematic and adaptable process for assessing the many benefits of deep retrofits including energy and operating cost savings, and revenue opportunities that enhance property value.

"Enhancing Property Value with Deep Retrofits” is the first in the three-course series and is now available online. This course enables real estate professionals to:

  • Define deep retrofits and best practices.
  • Preview the Deep Retrofit Value Methodology, an analytical model that determines whether a deep retrofit project could help a professional or organization reach or exceed investment goals for a particular property.
  • Distinguish themselves with leading-edge skills that are in demand across the marketplace.
  • Deepen their analytical skills to better meet owners’ investment goals with sustainability and energy-efficiency projects.

Subsequent courses will delve deeper into RMI’s Deep Retrofit Value Methodology using a case study to calculate deep retrofit value on a subject property and project. The goal of the course is to enable professionals to evaluate precisely how a deep retrofit project will contribute to the net present value of a real estate asset and to use that knowledge to build a business case and proposal.

“Sustainability is becoming more and more important in real estate management. It demonstrates quality management and presents an opportunity to enhance asset value,” says 2015 IREM President Lori Burger, CPM®. “We are pleased to partner with RMI to offer industry professionals this new sustainability and energy-efficiency education, and the convenient online package enables professionals to pursue education at their own pace and on their own schedule.”

“These courses will empower professionals in the investment real estate industry to make a compelling case to move projects forward with owners, investors, and other stakeholders.” says Michael Bendewald, a manager on RMI’s buildings team and an author of RMI’s practice guide. “We’re excited because we think this will have a real impact on increasing sustainability.”

IREM and RMI are working to equip real estate investors with practical guidance to incorporate all the value elements of deep retrofits—including development-cost reductions, operating-cost savings, risk analysis, tenant-based revenues, and sales proceeds—into their decision making.

Enroll today in the first course, “Enhancing Property Value with Deep Retrofits.” Contact sustainability(at)irem.org or 312-329-6096 with questions.

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About the Institute of Real Estate Management
IREM (http://www.irem.org) is a global community of real estate professionals dedicated to demonstrating ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. IREM is an affiliate of the National Association of REALTORS® and the only association serving both the multi-family and commercial sectors. We believe good management matters and well-managed properties improve the quality of life for people who live, work and shop in them. To learn more about IREM, call (800) 837-0706, ext. 4650 or outside the U.S. call (312) 329-6000. Contact pr(at)irem.org or visit http://www.irem.org.

About Rocky Mountain Institute
Rocky Mountain Institute (RMI)—an independent nonprofit founded in 1982—transforms global energy use to create a clean, prosperous, and secure low-carbon future. It engages businesses, communities, institutions, and entrepreneurs to accelerate the adoption of market-based solutions that cost-effectively shift from fossil fuels to efficiency and renewables. In 2014, RMI merged with Carbon War Room (CWR), whose business-led market interventions advance a low-carbon economy. The combined organization has offices in Snowmass and Boulder, Colorado; New York City; Washington, D.C.; and Beijing. For more information, visit http://www.rmi.org

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