Energesco Solutions LLC, a leading provider of energy efficiency, renewable power and water conservation measures to the commercial and multifamily real estate industries in the Mid-Atlantic, has entered into an agreement with real estate investment company FCP to embark on a $1.8 million energy efficiency project at Holly Spring Meadows apartment community in Capitol Heights, MD. The project is being partially financed through a grant from the Maryland Department of Housing and Urban Development’s (DHCD’s) Multifamily Energy Efficiency and Housing Affordability Program (MEEHA).
The scope of the energy efficiency project is sweeping and will include:
- 209 HVAC replacements with 16 SEER air conditioning units and 96% AFUE furnaces that will significantly lower heating and air conditioning costs and reduce operations and maintenance time and expenses
- Comprehensive Attic air sealing and insulation enhancements to increase the thermal insulation value from R-8 to R-49
- Significant common area and apartment unit lighting improvements including the installation of interior and exterior LED fixtures and bulbs
- Installing insulation around hot water pipes; sealing all areas of the building envelope for greater energy efficiency and increased thermal comfort
“Energesco is pleased to again work with FCP to bring major energy efficiency improvements to the residents of Holly Spring Meadows,” said Energesco CEO, William Bennett. “This marks our second comprehensive energy efficiency project with FCP under Maryland’s MEEHA program in less than a year and it represents a significant benefit to the property, the residents of Holly Spring Meadows and to Maryland. We look forward to ongoing projects with FCP under this visionary Maryland program.”
“This comprehensive energy efficiency project reflects FCP’s commitment to sustainability and significantly benefits our residents at Holly Spring Meadows,” said FCP Sr. Vice President for Strategic Management and Sustainability, Summer K. Haltli. “We are thrilled to work with Energesco and MEEHA on this project.”
Holly Spring Meadows is located at 5521 Marlboro Pike in Capitol Heights, MD and features spacious, brick, garden apartments with modern kitchens and landscaped courtyards in a wooded, family-friendly setting. The community is pet-friendly, has a playground and large open spaces for relaxation. The residents of this community also benefit from a non-profit After School Program.
About Energesco Solutions LLC
Energesco Solutions LLC (Energesco) is an independent provider of comprehensive energy efficiency and water conservation measures, and renewable power technologies. Energesco’s services include designing and implementing energy and water conservation measures and developing, constructing and operating distributed power generating assets. Energesco assists commercial and institutional clients with energy efficiency measures and renewable power solutions, including developers, investment companies, REITS, retailers, restaurants, hospitals and independent schools. Energesco has the technical expertise and capability to manage projects of all sizes from start to finish. For more information on Energesco, please visit http://www.energescosolutions.
FCP is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.
