WE DEVELOP
ENERGY PROJECTS,
AND SECURE NECESSARY FUNDING.
WHAT WE DO
We develop energy projects for owners of commercial real estate and use energy savings we find to:
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Fund necessary HVAC related property improvements, and/or
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Generate incremental Net Operating Income ("NOI") to increase a property’s value.
Each energy savings project provides environmental benefits that we quantify and our clients embrace. We benchmark energy use and corresponding greenhouse gas emissions for client corporate social responsibility ("CSR") goals and to help our clients comply with increasingly demanding local laws including those outlined in New York City's Climate Mobilization Act ("CMA").
"We enjoy improving NOI and creating value for our real estate clients using our combined energy and commercial real estate expertise."
– Frank Owens, Founder
HOW WE ARE
DIFFERENT
1. We provide both energy and commercial real estate expertise
2. Our compensation is success oriented.
There are hundreds of engineers and audit firms that provide energy audit reports that sit on a shelf. We make projects happen. We tell an owner how much energy we can save and capital we can raise – and our compensation is directly tied to our success for the property owner.
OUR APPROACH
WE ACT AS PART OF THE OWNER’S TEAM
Given our real estate asset management DNA, we realize that successful energy projects require engagement with many key members of an owner’s team including finance, operations, legal and marketing personnel.
WE COLLABORATE
It is important to work with both internal members of owner’s team and with external parties. We often collaborate with other energy experts but we are independent of other energy, contracting and financing firms. We seek the best team for each owner, property and recommended solution. We also collaborate with utilities (for incentives and tariff issues), governmental agencies for approvals and energy programs, and third party funding groups.
WE LISTEN
Most commercial real estate owners have strong on-site facilities personnel and trusted engineering firms with whom they have worked. We listen to both their ideas for energy savings and other operational issues that can often be addressed to reduce on-going repair and maintenance expenses.
WE EXECUTE TIRELESSLY
Obstacles, both foreseen and unforeseen, and delays from administrative issues associated with governmental and utility approvals – require a relentless drive to complete all projects. Since energy projects are usually not an owner’s top priority, we make it our priority to make it happen.
CASE STUDIES
HISTORY
Since its founding in 2001, Thompson Partners has been advising real estate clients on a broad range of real estate issues. In 2010, Thompson Partners principal Frank Owens saw the opportunity to help clients by using an emerging energy finance program called PACE (Commercial Property Assessed Clean Energy). Thompson Partners was retained by the CT Green Bank in 2012 to develop bank underwriting guidelines for their new PACE program. The guidelines were published in a seminal report dated December, 2013. Since then, Thompson Partners has helped numerous clients in several states develop energy projects and secure funding.
FRANK OWENS
Mr. Owens is a real estate and energy expert. He is a Certified Energy Manager (CEM) backed by over 30 years of commercial real estate experience. He has worked for several prominent real estate firms (including Prudential Property Co., UBS Asset Management and W.P. Carey) and on most property types across the United States as illustrated on the map below.
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ENERGY BENCH STRENGTH
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Since 2012, Frank has built a network of collaborators that can be drawn upon depending on the project location and client needs including:
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energy auditors
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energy modelers (Equest, other)
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BIM/REVIT specialists
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emission and acoustic specialists
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MEP engineers
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contractors
Frank also keeps current with new technologies and trends with the assistance of key INNOVATION ADVISORS.
REAL ESTATE EXPERIENCE
Acquisition, Asset Management, Development, Leasing, Sales
