Case Study

Company: Gibraltar Property Management

Business Sector: Property Management

Published: October 2007

Highlights

• Saved over 15% on water bills by replacing toilets with more efficient models

Background

Gibraltar Property Management has been an independent property management firm in Seattle since 1999.  Offering such services as brokerage, professional management, partnership investment opportunities, consulting, and maintenance and construction, Gibraltar prides itself on offering professional, innovative, and intuitive real estate services, including innovation in resource conservation. 

Going Green

Being innovative in property management often means coming up with new ways to reward resource conservation by tenants.  One way that Gibraltar has been able to do this is by offering rent credits in return for tenant cooperation in environmental initiatives. 

Water Conservation

Saving water was a great way for Gibraltar to add to their bottom line.  In a recent initiative, almost 75% of the company’s 1,100 residential and 150 commercial tenants replaced their toilets with water conserving, low-flow models.  The program was eligible to receive help from the Saving Water Partnership which helped in initial costs through rebates on the new toilets.  Overall:

• Over 900 new toilets were installed

• Gibraltar Property management saved over 15% on their overall water bills.
  The company now offers rewards to tenants who are vigilant of water conservation themselves.  “We reward our residential tenants with rent credits when they notify us of leaky fixtures that waste water. It saves us money in the long run,” says Melissa Davis, Gibraltar’s Director of Operations.

Want to learn more?

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