Multifamily Market Update and Negotiating Utility Pricing

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Utility is one of largest expense operating a commercial multifamily asset. Electricity, water, etc can easily account for 20%+ of a property's monthly expense and managing this cost is crucial for a healthy return for your investment. For this upcoming meetup we are excited to have Brek Clendenin of Tradition Energy to join us to give us an overview of the energy market and how to negotiate best wholesale pricing on utilities.


Topics we'll cover:
- Types of metering on properties: Master vs individual metered
- RUBs utility billing and how it generates extra income
- How to underwrite utility costs on apartment deals
- Recent coal power plant shutdowns and impact on pricing
- National energy pricing trend
- How to get wholesale utility prices through portfolio pricing


Brek Clendenin, Senior Energy Advisor:

Brek joined Tradition Energy in 2011 after having spent more than 17 years in large Commercial & Industrial business markets at energy suppliers TXU Energy and Direct Energy. As a Senior Energy Advisor for Tradition Energy, he brings extensive knowledge and expertise in both the retail and wholesale energy markets. Based out of Dallas, Brek has assisted hundreds of clients across the achieve their energy procurement goals.

About Tradition Energy:

Tradition Energy is the nation’s largest and most experienced independent energy risk management and procurement advisor to government organizations and mid- to large-sized companies. Tradition Energy is part of the Tradition Group, a top 3 institutional broker of financial products and commodities with over 2,300 employees in 29 countries. Tradition Group is publicly traded on the Swiss Stock Exchange (SW: CFT), with revenues over $ billion.

Feel free to reach out to us at: linkmultiinvest@
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