Medcore Partners
Overview
Founded in 2011, MedCore Partners is a full-service healthcare real estate brokerage and development firm with an exclusive focus on medical office and senior living markets.
DETAILS
- Project delivered in 2018 and consists of 80 assisted living and memory care suites
- 88% occupied
- The project uses approximately 1.1M kWh per year
- Electric contract was at $0.1071 per kWh (~$12,000 / month)
Medcore Partners
The Solution
Medcore Partners understands that efficient energy management is crucial for healthcare facilities. APC's specialized portfolio audit goes beyond the basics, identifying opportunities to reduce energy costs and improve operational efficiency without compromising patient care.
After a full audit of the contract and past 6 months of bills, APC identified that the original contract had expired and moved to M-T-M status, taking the project to a variable rate.
DETAILS
- APC ran parallel negotiations with suppliers to arrive at a new 5-year contract, at a fixed rate of well below market
- Delivering an overall savings of 35%
- Contract includes: fixed price, full swing, blend-and-extend, full & partial assignment, add / delete clause, dedicated supplier support
- $41,000 annually in aggregate savings = $205,000 over New Contract Term = $637,000+ towards NOI @ 6.5 CAP