Overview
Essex Property Trust, a leading multifamily REIT focused on high-density coastal markets, turned to Bilancio to identify and eliminate inefficiencies across select California and Pacific Northwest assets. The goal was simple: reduce energy waste, avoid utility penalties, and elevate portfolio-wide performance.

Project Snapshot
Bilancio conducted a phased rollout across several Essex communities, prioritizing buildings with aging infrastructure or above-average energy intensity.

Key Results

• Power Factor Improvements: Consistently increased to >0.95 across participating buildings
• Average Energy Savings: 12–15% reduction in kWh usage
• Resident Impact: Zero disruption during install, with no outages required
• Estimated Annual Savings: Six-figure reductions in electricity spend, with ROI achieved in under 6 months at several sites

Conclusion
By implementing Bilancio’s passive optimization solution, Essex Property Trust unlocked new value across its portfolio—delivering meaningful NOI gains with minimal operational complexity.