Understanding ASTM’s New Building Energy Assessment Standard E3224-19

Presented by

Anthony Buonicore, P.E., Chair, ASTM Building Energy Performance Task Group

About this talk

Sound business considerations, combined with growing regulatory requirements and focus, are driving commercial real estate investors and lenders to include an assessment of building energy performance in the property condition assessment (PCA) that is conducted as part of the property due diligence process prior to the transaction's closing. Newly published ASTM E3224-19, Building Energy Performance and Improvement Evaluation (referred to as the “BEPIE”), aims to address this growing need for assessing building energy performance. Its purpose is to identify if a building is under-performing compared to peers, and if so, identify possible measures that might improve energy performance and/or cost. The overall objective is to evaluate what it might take to achieve parity with peer buildings in the area. E3224 is specifically designed to be used in conjunction with ASTM E2018 for property condition assessment. As such, it will become more and more likely that a PCA consultant will be asked to include an assessment of the building’s energy performance. Join this webinar when Anthony Buonicore, P.E., Chair, ASTM Building Energy Performance Task Group, will cover the background for E3224, its practical application as part of a PCA, and the opportunity it offers firms who are able to include energy assessments into their scopes of work. What You’ll Learn: • The regulatory and business driving forces behind building’s energy performance assessment • The steps in conducting a BEPIE pre-acquisition screening assessment • The data requirements for a BEPIE • How BEPIE results can be integrated into a PCA • Why this is a new business opportunity for property due diligence consultants • The benefit to commercial real estate owners, investors and lenders
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