Community Sees Its Value Go Through The Roof

The legendary "Green Monster" recently got a new green neighbor. An apartment community's green-roof installation is now within throwing distance of the iconic left-field wall at Fenway Parkon Yawkey Way. While some residents of the1330 Boylston Street apartment community can't see the action on the field or home runs flying over the famed Green Monster, they do have a nice view of the environmentally-friendly roof installed during the summer on the 4-year-old property owned by a partnership of Samuels & Associates and institutional clients advised by J.P. Morgan Asset Management. 

The installation has proven a win-win for the property managers, owners and residents, as well as the environment. The installation, which cost $112,500, is generating an additional $300 to $500 per month in revenue for about 25 units that overlook what was previously a heat-reflective, stark, white roof typical of building construction four years ago. 

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Join Us for the MAXIMIZE: 2014 Multifamily Asset Management Conference

Multifamily Asset Management and Technology 2014  

A brief overview of just some of the technology-based opportunities for asset managers that will be discussed at the 2014 Multifamily Asset Management Conference produced by NAA and Joshua Tree...