{"id":4561,"date":"2021-11-28T06:15:54","date_gmt":"2021-11-28T12:15:54","guid":{"rendered":"https:\/\/1reason.com\/re\/former-cardinal-group-executives-launch-echelon-energy-with-growth-investment-from-union-main-group\/4561\/"},"modified":"2021-11-29T00:15:54","modified_gmt":"2021-11-29T06:15:54","slug":"former-cardinal-group-executives-launch-echelon-energy-with-growth-investment-from-union-main-group","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/former-cardinal-group-executives-launch-echelon-energy-with-growth-investment-from-union-main-group\/4561\/","title":{"rendered":"Former Cardinal Group Executives Launch Echelon Energy\u00a0with Growth Investment from Union Main Group"},"content":{"rendered":"
Echelon, previously known as Navitas Equity Solutions, partners with commercial real estate owners to reduce the electricity and water consumption \u2013 cutting owners\u2019 monthly utilities expenses and climate footprint. <\/p>\n

\u201cAnecdotes of ESG accomplishments are insufficient. With buildings accounting for approximately 40% of global greenhouse emissions, everyone \u2013 from limited partners, to lenders, to tenants, to government officials, to our oldest and youngest neighbors \u2013 is demanding quantifiable and demonstrated sustainability metrics from every single building owner,\u201d said Richard Randall, Co-Founder and CEO of Echelon. \u201cJason and I founded Echelon Energy after we deployed this strategy within Cardinal Group\u2019s portfolio and witnessed first-hand the owner demand for a \u201cone-stop-shop\u201d that identifies the right technologies for each building and its tenants, manages the installation seamlessly, and after the installation actively tracks and manages the ongoing utilities usage.\u201d<\/p>\n

Echelon is a technology-enabled service provider to commercial real estate owners that designs and manages custom infrastructure retrofits to reduce utilities consumption, and then actively monitors the utilities consumption after implementation. The Company partners with institutional private equity investors, REITs, corporations, commercial syndicators and private owners across the United States and focuses on multifamily rentals, student housing, hotels, commercial retail, industrial and commercial office. Since Echelon\u2019s founding in 2020, it has completed over 50 projects in 20 states on behalf of 15 clients.<\/p>\n

\u201cWhat we are seeing today is that clients not only want us working on a specific property or even property type \u2013 they want us to execute the strategy across their entire portfolio \u2013 including properties and portfolios they are looking to acquire,\u201d said Jason Kosena, Co-Founder and President of Echelon. \u201cThe capital and operational expertise of Union Main Group will help us grow with our clients and continue to service them with excellence.\u201d<\/p>\n

\u201cRichard and Jason came to us with an impressive set of client relationships and a proven track record of success deploying these utilities retrofits at Cardinal Group,\u201d said Adam Hanover, CEO of Union Main Group and Chairman of the Board of Directors for Echelon. \u201cThe Company offers a meaningful value proposition for real estate owners to save money and reduce their climate footprint. The Company\u2019s growth is a credit to Richard and Jason\u2019s high-touch client service and unique ability to translate disparate electrical and water technologies into a smartly designed, custom energy package that drives quantifiable results. We are proud to support Echelon in this next phase of growth.\u201d<\/p>\n

About Echelon Energy<\/strong>
Echelon Energy identifies, purchases, installs and actively manages energy-efficient utilities infrastructure retrofits that deliver quantifiable savings and consumption reductions to commercial real estate owners. For more information, please visit https:\/\/www.echelonenergy.com\/<\/a><\/p>\n

Press Contact<\/strong>
John Stavinga, CSG
jstavinga@wearecsg.com<\/a> <\/p>\n<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Funding to accelerate the company\u2019s mission to help real estate ownersreduce utilities consumption, improve cash flow and meet ESG mandates<\/p>\n

DENVER, Nov. 03, 2021 (GLOBE NEWSWIRE) — Echelon Energy (\u201cEchelon\u201d) today announced a significant minority growth investment by Union Main Group.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4561"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=4561"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4561\/revisions"}],"predecessor-version":[{"id":4589,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4561\/revisions\/4589"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}