Case Study: UDR achieves year-round energy savings and revenue growth with Logical Buildings' SmartKit AI

UDR saves over $20,000 annually with Logical Buildings SmartKit AI

UDR, a multi-family real estate company, faced energy-use challenges at their View 34 luxury rental property in Manhattan. They partnered with vendor Logical Buildings to implement the SmartKit AI™ Real-Time Energy Management (RTEM) platform to address these issues and meet their sustainability targets.

Logical Buildings' solution utilized smart meters, thermostats, and IoT sensors to provide complete operational transparency and HVAC demand dispatch. This implementation led to substantial operating expense savings and increased revenue. Since 2019, UDR has achieved net annual savings of over $20,000 and a net NAV increase of $460,000 at a 4.5% cap rate for the property.

UDR