Castellan Real Estate Partners, co-founded by John Salib and Paul Salib, is an investment firm that handles real estate development, lending, and management. In operation for more than a decade, Castellan Real Estate Partners keeps abreast of real estate trends, such as the shift to sustainability.
Sustainability is becoming more important to real estate investors, prompting developers to embrace it in their building designs. This incorporation has many benefits, including higher property values. Research shows that green certifications such as BREEAM (Building Research Establishment's Environmental Assessment Method) and LEED (Leadership in Energy and Environmental Design) increase property sale premiums by 7.6 percent and rent premiums by 6 percent. While developers can incorporate sustainability into their building designs in many ways, developers do not have to attempt all of them at once. They can start with one, such as a green roof, and still enjoy many benefits. For example, green roofs last up to three times longer than ordinary roofs because they are better protected from UV and wind damage. Further, green roofs reduce energy consumption by up to 25 percent because they provide better insulation from heat during summer. They are also effective at noise cancellation, which is useful for properties near airports and highways.
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AuthorA fully integrated property investment and management firm, Castellan Real Estate Partners has served the greater New York City area for more than seven years. Archives
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