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Ashkán Zandieh

Board Member at CRETI · Head of Marketing at RealSage

Ashkán Zandieh is a distinguished professional in the real estate technology sector, known for his leadership as the founder and managing partner of the Center for Real Estate Technology & Innovation (CRETI). CRETI is a renowned real estate technology think tank and research organization with strong member support. With a robust educational background, Ashkán studied Real Estate Finance & Investment at New York University's SCPS, Management at Hofstra University for his BBA, and Marketing as an MBA candidate at Suffolk University.

Highlights

Sep 9 · linkedin

Let’s set the facts straight about Local Law 97. NYC multifamily owners are under significant financial pressure as energy costs rise and Local Law 97 looms, requiring strict emissions reductions. Fines for non-compliance could reach $268 per metric ton of CO2 over the limit, making the financial strain even worse as the weather cools and heating costs spike.

According to J.P. Morgan, energy expenses already make up 30-40% of operating costs in NYC multifamily properties. With rising costs and emissions caps, owners need solutions that address both. Climate tech offers pragmatic ways to cut costs and meet compliance.

1️⃣ Energy Audits: JPMorganChase’s research shows that energy audits can reduce consumption by 15-30%. Insulation upgrades alone can cut heating costs by 10-20%, offering immediate relief.

2️⃣ Smart Building Technologies: Automating energy usage with smart thermostats and real-time monitoring can reduce energy bills by up to 20%. These systems optimize heating, cooling, and lighting based on occupancy, ensuring no energy is wasted.

3️⃣ On-Site Renewable Energy: Solar installations can lower energy costs by up to 40%, according to JP Morgan. With incentives like the federal Investment Tax Credit (ITC), owners can offset installation costs and reduce long-term reliance on the grid.

#proptech #climatetech #climatetech #fintech #finance #multifamily

Jun 30 · linkedin

There is still significant tightening in the real estate market. Specifically for multifamily loans, underwriting has become so tight that even borrows with assets are going through a diligence process never before seen in the market. Today, deals have an extra 30 days to close and even that doesn’t guarantee close.

#multifamily #multifamilyinvesting #realestate #finance #mortgage #proptech #fintech

Ashkán Zandieh
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Location

Dallas, Texas, United States