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Media Contact:
Adam Atwood
214.418.4332
Adam.Atwood@TranscendED.com
 
 

U.S. News & World Report on April 17, 2008

Three Ways Business Can Save on Power

Experts say that commercial buildings, which account for a third of the nation's electricity use, could cut that figure by a third without forcing the people inside to break a sweat. But landlords have no incentive to spend money on energy-efficiency improvements, since they typically just pass bloated utility costs through to tenants. And tenants, who would be delighted to cut utility costs, don't have the authority to make capital improvements. It's a deadlock, but one that Gossett's company, Transcend Equity Development of Dallas, has a way to overcome.

Under unique agreements worked out with landlords, Transcend Equity invests in capital energy improvements and then earns its returns from the energy savings it is able to squeeze out of commercial real estate.

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