Measurabl Case Studies How Rubenstein Improved Their Portfolio Value Through a Best-In-Class Energy Management Program with Measurabl

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	How Rubenstein Improved Their Portfolio Value Through a Best-In-Class Energy Management Program with Measurabl Measurabl

How Rubenstein Improved Their Portfolio Value Through a Best-In-Class Energy Management Program with Measurabl

Measurabl

Technology Category	Analytics & Modeling - Real Time Analytics Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Functions	Facility Management Maintenance
Use Cases	Building Energy Management Energy Management System
Services	Data Science Services System Integration
Challenge	Rubenstein Partners, a real estate owner and operator, faced challenges related to energy use, which accounts for approximately one third of a typical commercial building’s operating costs. The company's manual solutions for energy management were time-consuming and inefficient. For instance, property managers had to manually input data into ENERGY STAR’s Portfolio Manager every month. Additionally, engineers had to physically record usage on tenant meters, which was then inputted into a spreadsheet by an assistant property manager. This process was not only laborious but also failed to provide real-time insights into energy usage. The company realized the need for a more efficient and comprehensive energy management program to increase operational efficiency and investor confidence. Read More
About Customer	Rubenstein Partners is a leading real estate owner and operator with a history spanning over 50 years. The company invests in commercial real estate for various public and private pension funds, university endowments, and family offices. For the past two decades, Rubenstein has exclusively invested in office buildings, developing significant expertise in office building operational best practices and emerging trends. The company's business model involves buying buildings, improving them, and then selling them to institutional investors. Rubenstein's primary goal is to ensure that these buildings operate efficiently and do not present any major problems for a long time after they are sold. Read More
Solution	Rubenstein Partners implemented the Measurabl Asset Optimization across its portfolio in 2018. The solution centralized three different data streams - utility bills, utility meters, and tenant submeters - in one place, automatically. It also automated energy use reporting to ENERGY STAR and local benchmarking requirements. The platform mapped electricity usage trends at Rubenstein’s buildings in real-time, allowing the company to detect anomalies and optimize schedules and equipment at each building. The solution also automated and optimized tenant utility billing, enabling Rubenstein to proactively help tenants reduce their utility consumption. The company plans to collect more granular data from building equipment and building automation systems to extend equipment life and reduce manual troubleshooting. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Applicable Functions

Facility Management

Maintenance

Use Cases

Building Energy Management

Energy Management System

Services

Data Science Services

System Integration

Challenge

Rubenstein Partners, a real estate owner and operator, faced challenges related to energy use, which accounts for approximately one third of a typical commercial building’s operating costs. The company's manual solutions for energy management were time-consuming and inefficient. For instance, property managers had to manually input data into ENERGY STAR’s Portfolio Manager every month. Additionally, engineers had to physically record usage on tenant meters, which was then inputted into a spreadsheet by an assistant property manager. This process was not only laborious but also failed to provide real-time insights into energy usage. The company realized the need for a more efficient and comprehensive energy management program to increase operational efficiency and investor confidence.

About Customer

Rubenstein Partners is a leading real estate owner and operator with a history spanning over 50 years. The company invests in commercial real estate for various public and private pension funds, university endowments, and family offices. For the past two decades, Rubenstein has exclusively invested in office buildings, developing significant expertise in office building operational best practices and emerging trends. The company's business model involves buying buildings, improving them, and then selling them to institutional investors. Rubenstein's primary goal is to ensure that these buildings operate efficiently and do not present any major problems for a long time after they are sold.

Solution

Rubenstein Partners implemented the Measurabl Asset Optimization across its portfolio in 2018. The solution centralized three different data streams - utility bills, utility meters, and tenant submeters - in one place, automatically. It also automated energy use reporting to ENERGY STAR and local benchmarking requirements. The platform mapped electricity usage trends at Rubenstein’s buildings in real-time, allowing the company to detect anomalies and optimize schedules and equipment at each building. The solution also automated and optimized tenant utility billing, enabling Rubenstein to proactively help tenants reduce their utility consumption. The company plans to collect more granular data from building equipment and building automation systems to extend equipment life and reduce manual troubleshooting.

Impact #1	Rubenstein Partners was able to centralize all their energy data in one place, saving time and improving efficiency.
Impact #2	The company was able to automate energy use reporting to ENERGY STAR and local benchmarking requirements, avoiding compliance fees and saving property managers' time.
Impact #3	Real-time energy monitoring allowed the company to detect anomalies and optimize schedules and equipment at each building in the portfolio.

Impact #1

Rubenstein Partners was able to centralize all their energy data in one place, saving time and improving efficiency.

Impact #2

The company was able to automate energy use reporting to ENERGY STAR and local benchmarking requirements, avoiding compliance fees and saving property managers' time.

Impact #3

Real-time energy monitoring allowed the company to detect anomalies and optimize schedules and equipment at each building in the portfolio.

Benefit #1	14 of Rubenstein's buildings achieved an ENERGY STAR score of 75 or above, qualifying them for certification.
Benefit #2	The company is pursuing certification for 22 more buildings that have met the minimum occupancy requirement to potentially qualify for certification.

Benefit #1

14 of Rubenstein's buildings achieved an ENERGY STAR score of 75 or above, qualifying them for certification.

Benefit #2

The company is pursuing certification for 22 more buildings that have met the minimum occupancy requirement to potentially qualify for certification.

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Overview

How Rubenstein Improved Their Portfolio Value Through a Best-In-Class Energy Management Program with Measurabl

Operational Impact

Quantitative Benefit