ION Honors Kittle Property Group and Alice Griffith Community with Optimizer Awards
May 15 2024 - 9:30AM
Business Wire
-Awards honor affordable developers committed
to reducing water consumption and environmental stewardship-
ION today announced the Q1 2024 winners of its Optimizer Awards.
Kittle Property Group won the Top Performing Portfolio award, and
the Alice Griffith Community in San Francisco won the award for the
Most Improved Property. The Optimizer Awards honor affordable
developers who are embracing ION’s water optimization platform to
reduce water consumption and costs significantly.
“We’re proud to honor Kittle Property Group and Alice Griffith
Apartments for their commitment to reducing water consumption and
environmental stewardship,” said ION Founder and CEO Jack Howell.
“Their commitment to water conservation and sustainable development
is helping to create thriving affordable communities across the
U.S.”
Kittle Property Group’s leak percentage, the amount of water
leaked across their affordable and market rate portfolio, on ION’s
platform was only 10% in Q1. The industry average leak percentage
is 50%, meaning half of the water affordable developers consume and
pay for is wasted. Kittle is now consuming only 40 gallons of water
per bedroom per day which is less than half the industry average of
100 gallons.
“This recognition is just one example of our commitment to
sustainable development,” said Jeff Kittle, President and CEO,
Kittle Property Group. “ION’s platform is helping us to reduce
water consumption and costs, allowing us to reinvest in the
communities we serve.”
The Alice Griffith Community developed by McCormack Baron
Salazar, San Francisco Housing Development Corporation and
Tabernacle Community Development Corporation includes 377
affordable units in San Francisco’s Bayview area. The community
reduced its water consumption by 90% in Q1 2024, going from
consuming 120,000 gallons of water per day to only 12,000
gallons.
“Responsible water consumption goes hand-in-hand with the spirit
of affordable housing,” said Claudia Brodie, Senior Vice President,
McCormack Baron Salazar. “By reducing consumption and costs, we’re
able to reinvest in our people and properties while reducing our
environmental footprint.”
ION’s water optimization platform improves water efficiencies by
identifying and analyzing unit-level water events, pinpointing
malfunctions and generating automated work orders to stop water
loss before it impacts a property's operating income. ION can help
reduce water consumption and monthly water bills by as much as 60%
compared to industry averages.
For more information about ION, visit www.ionwater.io.
About ION
ION enables affordable owners and developers to conserve water
and reduce expenses by providing actionable water data. Its water
optimization platform helps clients reduce water consumption and
costs by as much as 60% compared to industry averages. Developers
can reinvest savings into properties to improve residents’ quality
of life, and lower and more reliable utility costs can dramatically
improve net operating income (NOI). For more information, visit
www.ionwater.io.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240515329850/en/
Matt Serra Cell: 773-817-3106 Email: mserra@mulberrymc.com