SADDLE BROOK, N.J. – Value Companies, a leading developer, owner and manager of apartment buildings in New Jersey and New York, recently teamed up with PSE&G to complete an energy efficient renovation to the parking facility at 140 Mayhill, a 158-home rental community in Bergen County’s Saddle Brook.
Participating in PSE&G’s Energy Efficiency Extension Program for Residential Multifamily Housing, Value Companies retrofitted the community’s parking garage with LED outdoor lighting to significantly reduce energy costs and energy consumption at the property. Installed in the facility’s entryways, parking areas and stairwells, the new lighting also improves illumination level with brighter white-spectrum lighting to provide greater safety and increases aesthetic look.
PSE&G’s Residential Multifamily Housing was created to increase energy efficiency and reduce carbon emissions of existing residential multi-family housing developments and to provide building owners with up-front financing of the cost of eligible efficiency installations.
“This program was designed to encourage owners of multi-family properties to take a more energy efficient approach to management,” says Jack Linefsky, Vice President of Property Management for Value Companies. “We were extremely eager to participate. It’s our desire to have the most up-to-date energy technology at all of our apartment properties to lessen energy costs, reduce light pollution and provide a healthier and cleaner living environment.
“140 Mayhill was the perfect place to start. Working with PSE&G gave us valuable insight into energy saving practices and methods and we’re excited to introduce many of these procedures and products throughout our portfolio. It was a win-win for us, PSE&G and the 140 Mayhill community.”
The collaboration with PSE&G is indicative of Value Companies’ commitment to ensuring its rental properties remain modern and state-of-the-art with cutting-edge technology and ongoing improvement programs that bring them on par with the many new construction apartment developments in the tristate housing market.
About Value Companies
Across its development division, Value Companies has embarked in new apartment developments and investments in strategic suburban and urban locations throughout the country. Value’s development success is directly tied to its steadfast commitment and expertise in multifamily housing, and its ability to introduce new housing products that address consumer and community needs.
Value’s residential properties are built and managed by a highly-skilled, in-house management team of more than 80 industry professionals which oversee all aspects of Value’s communities, including construction, leasing, maintenance, property management and administration. Value’s third-party management business, Value Asset Management (VAM), provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients. Value Companies also received numerous industry awards for its various properties as well as being a 4-time recipient of the New Jersey Apartment Association Management Company of the Year award
For more information, please contact Andrew Abramson, President and CEO of Value Companies, at its corporate headquarters at 973-473-2800 or visit www.valuecompanies.com.