SRP's new construction program encourages sustainability and cost savings
Booming development throughout Phoenix makes having a partnership that encourages sustainability and lowering costs a major advantage for construction companies. Knowing this, Salt River Project (SRP) created the New Construction Solutions Program to ensure project teams have the support needed to complete energy-efficient, sustainable and cost-effective buildings.
Ryan Companies partners with SRP
Ryan Companies, a full-service real estate company, recently shared their experience with SRP's new construction program and the benefits yielded from their partnership.
'Our goal is to build impactful projects for people to live, work and play in,' says Molly Carson, executive vice president and market leader of Ryan Companies' Southwest Region.
SRP's construction-tailored initiative aligns with Ryan Companies' goal to create desirable and cost-effective projects, ultimately making them energy-efficient for their clients as well.
'SRP walked us through the rebate program, the process and benefits,' Carson explains.
To maximize overall cost savings, the SRP new construction program unites key stakeholders — building architects, engineers and building owners, as examples — early in the project design stage. 'Our developers, property managers, accountants — everyone — got to hear the same thing at the same time, which makes things a lot easier and more streamlined on our side.'
Carson says that having a dedicated SRP strategic energy manager (SEM) added to the ease of the process, from learning about eligibility to rebate implementation. 'The availability of a human being is key — just being able to talk to someone if we had any questions was fantastic,' she says.
Rebate pathways and plus-sides
SRP's new construction program offers several rebates to encourage energy saving measures. Members of the EDA service team can receive up to $50,000 at $0.08/kWh of verified savings. Design team rebates, ranging from $10,000 to $15,000 based on building size, help off-set the costs of involving essential project members like owners, architects, contractors and engineers.
Ryan Companies recently worked with SRP for the Confluence project in Mesa, completing the last three of a nine-building project, taking advantage of the new construction rebate program.
'Who doesn't love a rebate or trying to do the right thing working towards energy efficiency?' Carson asks, adding that rebate opportunities save the company thousands of dollars.
Builders to business owners: Everyone saves
Carson and her Ryan Companies team acknowledge how by SRP's construction program passing on energy savings, property managers can offer more competitive lease rates, benefiting tenants and attracting quality businesses.
Carson explains that this lifecycle enables Ryan Companies to 'attract great businesses and be as competitive as possible.'
As for future demand of energy-efficient, cost-saving solutions such as SRP's new construction program, Carson closes with this: 'I think it will only continue to grow. Together we encourage, push and challenge each other to continue to rise up to these occasions in a manner where we can continue to attract great businesses and be as competitive as possible.'
For more information on how your project can benefit from SRP's New Construction Solutions Program (including eligibility and participation information), contact your strategic energy manager or our new construction administrator, Humayun Kabir, at 480-768-3905 or hkabir@resourceinnovations.com.
Erin Thorburn is an accomplished writer, journalist, photographer and illustrator with over 20 years of experience covering business travel and lifestyle trends in the Southwest. She is the founder and editor of The Best of the Southwest. Additionally, she contributes to publications like AZ Business, AZ Business Leaders, AZRE and Experience AZ magazines.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
House-Senate conference committee on budget formed
Legislative leaders have named the eight budget writers they want to resolve the seismic split between competing versions of a two-year spending plan that cleared each house of the New Hampshire Legislature. Senate President Sharon Carson and House Speaker Sherman Packard, both R-Londonderry, acted quickly in a sign that it could take some time for the two sides to find common ground. 'There are differences between the House and Senate-approved versions of the state budget. We look forward to working through them over the next two weeks and remain committed to delivering a balanced budget that protects New Hampshire taxpayers while serving all Granite Staters,' Packard and Carson said in a joint statement. As the first-named House member, Rep. Kenneth Weyler, R-Kingston, is likely to become chairman of the conference committee. Weyler chaired the House Finance Committee. The other four House members, who also serve on Weyler's committee, are Vice Chairman Dan McGuire, R-Kingston, House Deputy Majority Leader Joe Sweeney, R-Salem, Rep. Jose Cambrils, R-Loudon and Rep. Mary Jane Wallner, D-Concord and the ranking Democrat. Packard decided to name some alternates who had other experiences beyond writing the budget. The potential stand-ins are House Majority Leader Jason Osborne, R-Auburn, House Executive Departments and Administration Committee Vice Chairman Erica Layon, R-Derry, House Ways and Means Chairman John Janigian, R-Salem, Rep. Keith Erf, R-Weare, and Rep. Jess Edwards, R-Auburn. Erf and Edwards each co-chair subcommittees on the House Finance Committee. Carson names herself to commitee Carson chose to name herself as the first senator on the panel along with Senate Finance Chairman James Gray, R-Rochester, and Senate Deputy Democratic Leader Cindy Rosenwald of Nashua, the ranking Democratic Senate budget writer. The only Senate alternate is Majority Leader Regina Birdsell, R-Hampstead. Most House speakers don't get involved directly in state budget negotiations. It's not unusual for Senate presidents to get into the fray, however. Carson's predecessor, former Senate President Chuck Morse, took the gavel after serving as Senate finance chairman for many years. The House and Senate meet Thursday to complete the naming of all conference committees that will try and forge compromise on other bills. They have until June 19 to reach agreements and then the House and Senate have to vote on all of them by June 26. The $15.4 billion House-passed budget relied on conservative revenue estimates, which meant their budget writers had to make deep cuts in spending. The House plan would lay off 100 workers in the state prison system and do away with the Office of the Child Advocate, the state Division on the Arts, the Commission on Aging and the Housing Appeals Board. The Senate updated the predictions for revenue, which meant it could spend about $250 million more in state dollars than the House plan did. The Senate budget pared the layoffs down to about 25 in the Department of Corrections. It kept the child advocate office in the running while erasing four of nine jobs, revived support for the arts by proposing a new business tax credit for companies that donate to the program and restoring groups on aging and housing appeals, though with smaller budgets than the ones that Gov. Kelly Ayotte proposed last February. The Senate plan also increased by nearly $70 million the level of state aid to the University System of New Hampshire compared to the House budget. USNH would receive in the Senate proposal $85 million a year, about a 10% cut from its support in the current state budget that ends June 30. klandrigan@
Business Wire
4 days ago
- Business Wire
First Trust Announces Expected Effective Date of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ('FTA') announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB), a closed-end management investment company, managed by FTA and sub-advised by Confluence Investment Management LLC ('Confluence'), into FT Confluence BDC & Specialty Finance Income ETF (NYSE Arca: FBDC), an actively managed exchange-traded fund ('ETF') managed by FTA and sub-advised by Confluence, is expected to become effective immediately before the opening of the NYSE on June 30, 2025. As previously announced, the shareholders of FGB approved FGB's reorganization into FBDC at a Special Meeting of Shareholders on May 5, 2025. The reorganization was approved by the Board of Trustees of each of FGB and FBDC on September 8-9, 2024. Upon the completion of the transaction, which is expected to be tax-free, the assets of FGB will be transferred to, and the liabilities of FGB will be assumed by, FBDC. The shareholders of FGB will receive shares of FBDC with a value equal to the aggregate net asset value of the shares of FGB held by them. FGB is a diversified, closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of attractive total return. Under normal market conditions, FGB pursues its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies that Confluence believes offer attractive opportunities for income and capital appreciation. 'Managed Assets' means the total asset value of FGB minus the sum of FGB's liabilities other than the principal amount of borrowings, if any. FBDC is an actively managed ETF that seeks to provide a high level of current income, with a secondary objective of attractive total return. FBDC pursues these investment objectives by investing in BDCs and other specialty finance companies that Confluence believes offer attractive opportunities for income and capital appreciation. FTA is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ('FTP'), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $255 billion as of April 30, 2025 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. Confluence Investment Management LLC, an SEC registered investment advisor, serves as the investment sub-advisor to FGB and the new ETF. The Confluence team has more than 600 years of combined financial experience and 400 years of portfolio management/research experience, maintaining a track record that dates back to 1994. As of March 31, 2025, Confluence had $12.7 billion in assets under management and advisement (assets under management = $7.2 billion; assets under advisement = $5.5 billion). Additional Information / Forward-Looking Statements This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of FGB or FBDC. Certain statements made in this news release that are not historical facts are referred to as 'forward-looking statements' under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward- looking statements due to numerous factors. Generally, the words 'believe,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'project,' 'will' and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from the historical experience of FTA and the funds managed by FTA and its present expectations or projections. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FTA, FGB and FBDC undertake no responsibility to update publicly or revise any forward-looking statements. An investor should carefully consider the investment objectives, risks, charges and expenses of FGB or FBDC, as applicable, before investing. The prospectuses for FGB and FBDC contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or writing FGB or FBDC at 120 East Liberty Drive, Suite 400, Wheaton, IL 60187. The prospectus should be read carefully before investing.
Yahoo
4 days ago
- Yahoo
First Trust Announces Expected Effective Date of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF
WHEATON, Ill., June 06, 2025--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB), a closed-end management investment company, managed by FTA and sub-advised by Confluence Investment Management LLC ("Confluence"), into FT Confluence BDC & Specialty Finance Income ETF (NYSE Arca: FBDC), an actively managed exchange-traded fund ("ETF") managed by FTA and sub-advised by Confluence, is expected to become effective immediately before the opening of the NYSE on June 30, 2025. As previously announced, the shareholders of FGB approved FGB's reorganization into FBDC at a Special Meeting of Shareholders on May 5, 2025. The reorganization was approved by the Board of Trustees of each of FGB and FBDC on September 8-9, 2024. Upon the completion of the transaction, which is expected to be tax-free, the assets of FGB will be transferred to, and the liabilities of FGB will be assumed by, FBDC. The shareholders of FGB will receive shares of FBDC with a value equal to the aggregate net asset value of the shares of FGB held by them. FGB is a diversified, closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of attractive total return. Under normal market conditions, FGB pursues its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies that Confluence believes offer attractive opportunities for income and capital appreciation. "Managed Assets" means the total asset value of FGB minus the sum of FGB's liabilities other than the principal amount of borrowings, if any. FBDC is an actively managed ETF that seeks to provide a high level of current income, with a secondary objective of attractive total return. FBDC pursues these investment objectives by investing in BDCs and other specialty finance companies that Confluence believes offer attractive opportunities for income and capital appreciation. FTA is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $255 billion as of April 30, 2025 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. Confluence Investment Management LLC, an SEC registered investment advisor, serves as the investment sub-advisor to FGB and the new ETF. The Confluence team has more than 600 years of combined financial experience and 400 years of portfolio management/research experience, maintaining a track record that dates back to 1994. As of March 31, 2025, Confluence had $12.7 billion in assets under management and advisement (assets under management = $7.2 billion; assets under advisement = $5.5 billion). Additional Information / Forward-Looking Statements This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of FGB or FBDC. Certain statements made in this news release that are not historical facts are referred to as "forward-looking statements" under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward- looking statements due to numerous factors. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from the historical experience of FTA and the funds managed by FTA and its present expectations or projections. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FTA, FGB and FBDC undertake no responsibility to update publicly or revise any forward-looking statements. An investor should carefully consider the investment objectives, risks, charges and expenses of FGB or FBDC, as applicable, before investing. The prospectuses for FGB and FBDC contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or writing FGB or FBDC at 120 East Liberty Drive, Suite 400, Wheaton, IL 60187. The prospectus should be read carefully before investing. View source version on Contacts Jeff Margolin – (630) 517-7643Jim Dykas – (630) 517-7665 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
