PearlX

Check out this article highlighting the crucial debate about the cost-shift narrative surrounding rooftop solar in California. The latest analysis from M.Cubed Consulting challenges long-standing assumptions, reframing rooftop solar as a benefit rather than a burden, with a projected $2.3 billion in net savings for consumers this year. The CPUC has used this cost-shift argument to justify cutting compensation for multimeter sites such as multifamily properties, schools, farms, and businesses. It has also been used as lobbying material for utilities and utility worker unions that opposed Senate Bill 1374. Read more about the implications of these findings and how they challenge the reasoning behind previous California rooftop solar decisions.

When you think of non-dilutive equity, tax credits and grants may be the first thing to come to mind, but the complex application process needed to access this kind of funding can be complex and time intensive. Thankfully, there are other ways for multifamily developers and owners to gain access to equity that doesn’t dilute their capital stack. Partnering with PearlX can provide owners and developers with more than just free money – it can also help them to meet stringent energy regulations, provide a regular source of rental income and help to future proof their properties. In our latest blog post, we discuss the benefits of non-dilutive equity and how PearlX is changing the game for multifamily owners one property at a time: https://lnkd.in/gWjs9hsf

Come see us Bisnow’s Multifamily Fall Conference! #sustainability #capitalforenergy #multifamily

Check out the latest issue of Western Real Estate Business, which features an article from PearlX co-founder and board director Michael Huerta on what California's evolving energy standards mean for multifamily owners and developers. Initially enacted to simplify development by unifying building standards under a single code, Title 24 of the state's building standards code now aims to manage energy consumption, conservation and efficiency for historic, residential and commercial buildings in the state.?In 2023, Title 24 was updated to mandate that new residential developments include solar power and battery infrastructure, which has added a new layer of complexity for residential developers. As a partner to multifamily owners and developers across California, PearlX solves this issue by covering the upfront costs of solar equipment and taking on the long term maintenance costs and responsibilities needed to meet these stringent regulations. Read more here: https://lnkd.in/gNkWcXqA

We’re thrilled to announce that our very own Phillip Forrester, Senior Director, will be sharing his expertise at Bisnow's Multifamily Annual Conference West on November 13 in Los Angeles! Join us for the "Operations, Property Management, Understanding The Modern Resident & Elevating the Rental Experience" panel, where Phillip will dive into essential strategies to attract and retain residents, drive community engagement, and enhance property value. Here’s a sneak peek of the key insights Phillip will be covering: * Resident access to and expectations around next-generation amenities * Monetizing property operations * Developing resilient communities With a focus on innovating, future-proofing, and designing spaces that appeal to the modern renter, this discussion promises actionable takeaways to elevate the rental experience and create lasting value. Don’t miss it! #PropertyManagement #CommunityEngagement #Multifamily #ResidentExperience #FutureOfLiving #PanelDiscussion #Leadership

Hot off the press! PearlX is thrilled to be featured in Multifamily Dive's latest newsletter discussing "5 Ways to Invest in Your Multifamily Property in a High-Interest-Rate Environment"! As interest rates rise, the multifamily industry faces unique challenges—and PearlX is here to help owners and operators turn these challenges into opportunities. In the article, we explore practical strategies to boost property value, including our tailored energy solutions that drive both sustainability and cost efficiency. Discover how PearlX is enabling multifamily properties to thrive by lowering energy costs and enhancing sustainability, even in a challenging economic climate. Read more about how you can invest smartly in your property with PearlX’s support. Full article here: https://lnkd.in/gDsFwHym #PearlX #MultifamilyDive #EnergySolutions #SustainableInvestments #MultifamilyIndustry

Record-breaking temperatures in California have placed incredible stress on the state's electrical grid. With July 2024 marking the hottest month in California's history, it is no surprise that our energy demand has surged, leading to an increased risk of power outages and premeditated shut-offs for wildfire mitigation. So, what is PearlX doing to help? PearlX has partnered with Leap to participate in the Demand Side Grid Support (DSGS) Program. This program stabilizes the grid during periods of high demand by providing load reduction and backup generation, reducing the likelihood of dangerous blackouts. The program offers crucial support through distributed energy resources, easing the strain on the grid and contributing to greater energy resiliency. PearlX is proud to provide clean and renewable energy to multi-family renters that contributes to addressing the increasing stress caused by extreme weather patterns.?To learn more about the DSGS Program, visit the California Energy Commission website. For more information on California's heat risks, check out HeatReadyCA.com.

As rents continue to decline in most major cities nationwide and construction costs remain elevated, operational efficiency and cost savings are top of mind in the development and operation of multifamily properties. At the 2024 GlobeSt.com. Multifamily Fall conference, which took place in Los Angeles this week, PearlX SVP of Sales Simon Herrmann hosted a roundtable discussion on how developers can reduce costs and streamline operations. In addition to Herrmann, panelists included David Lewis of AvalonBay Communities, Rob Gordon of DEX Homes, and Ken Gaitan of Paramount Property Tax Appeal.

Join our very own Simon Herrmann as he moderates a roundtable covering Operational Efficiency & Cost Savings for Developers at the GlobeSt. Multifamily Conference on October 15! In today’s competitive market, optimizing operations and reducing costs is critical for developers to stay ahead. Simon will lead an engaging discussion exploring actionable strategies to drive efficiency and maximize profitability. If you’re attending, don’t miss this valuable session! #GlobeSt #Multifamily #PearlX #OperationalEfficiency #CostSavings #RealEstateDevelopment #Roundtable #LosAngeles #Leadership #Networking

While the Fed's decision to cut interest rates by 50 basis points last week has injected some much-needed optimism into the multifamily development space, in a recent article for?Bisnow, PearlX VP of Origination Jack McKee explained that rising costs have conspired?to create a challenging environment for multifamily developers, owners and investors outside of interest rates. Read the full article below: https://lnkd.in/gDXx34nF