Mosser to Reduce Residents’ Energy Usage and Costs in its Multifamily Workforce Properties in San Francisco, Oakland, and Los Angeles
September 28 2022 - 10:16AM
Business Wire
The widespread sustainability effort delivers
an energy cost-savings to residents, primarily low-to-median income
households, reduces consumption and environmental impact
Mosser Companies, an African American and woman-owned family
real estate business with more than 100 commercial and ground floor
retail spaces and 4,000 multifamily units, today announced a
widespread sustainability effort aimed at reducing energy
consumption and delivering cost-savings to the residents of its
rental housing units throughout San Francisco, Oakland, and Los
Angeles. This sustainability effort is a continuation of Mosser’s
commitment to revitalize buildings and improve the quality of
available workforce housing in underserved communities.
The initiative to reduce waste and energy consumption includes
installing eco-friendly low-flow toilets and shower heads, sink
aerators, energy-star appliances, and LED lighting in its
apartments and common areas. In addition, the company is installing
solar power at certain properties and evaluating the feasibility of
expanding sustainable energy to other Mosser buildings. This
proactive conservation investment from Mosser has the potential to
reduce the consumption of water by approximately 20 million gallons
of water per year, cut energy consumption and reduce costs for
Mosser residents.
“For every retrofit we perform with ultra-low-flow toilets and
low flow fixtures, Mosser can help residents reduce water usage by
a third. With thousands of households, and thousands of showers per
day, the number of gallons of water saved adds up to a significant
result every single day—and that is only one sustainability
measure. Add more water management and energy usage reductions and
the impact is huge,” said Neveo Mosser, CEO of Mosser
Companies.
In addition, Mosser was an early adopter and installed
composting and recycling facilities at all of its properties. This
amounts to roughly 325,000 gallons of recycling and 32,000 gallons
of composting each month that is diverted from landfill, about 50
percent of what once went straight into landfill.
The company has also achieved significant waste reduction
success through its construction practices, with limited use of
demolition in its unit renovation programs, which also reduces the
costs of these capital improvements. “Not only is it important we
do the right thing to achieve a positive environmental impact, but
our residents who range from lower- to middle-income workers,
deserve a partner with both a sustainability and cost-management
lens, doing whatever we can to keep costs low—especially as our
natural resource providers who deliver gas, electricity and water
continue to increase prices. Our strategy must remain focused on
finding ways to reduce our consumption and we’re committed to
investing in sustainability and making this as easy as possible for
residents. Through these efforts we preserve and improve the
quality of workforce housing opportunities available to all lower-
and middle-income renters in California who choose Mosser. This
aligns with our overall mission and goals,” Mosser added.
About Mosser Companies
Mosser has over 65 years of history as a leading investor,
acquirer, and operator of value-add workforce housing in gateway
markets of California. Since the company’s founding in 1955, Mosser
has become a highly sophisticated leader in urban workforce housing
specializing in West Coast gateway markets. Mosser owns and
operates more than 100 commercial and ground floor retail spaces
and 4,000+ multifamily units, serving neighborhoods throughout the
San Francisco Bay Area and Los Angeles.
Mosser provides hands-on, active, and engaged support for
diverse and inclusive neighborhoods, a deep knowledge of the
California multifamily real estate market, and values making a
social impact providing housing improvements, supporting local
business growth in neighborhoods that otherwise are under-improved
and in disrepair, and making their urban communities a better place
to live. Diversity, equity and inclusion are key to company
operations, with more than 85 percent of its employees
self-identifying as a minority.
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Media Cindi Goodsell,
Stanton cgoodsell@stantonprm.com 510-409-3646