Camden Scores Savings With Smart Water
RealPage’s innovative technology reduces Camden’s water consumption by 9.5% and delivers 300% ROI in just three months
Unusually high water consumption resulting from undetected leaks costs multifamily properties thousands more than it should. And those undetected leaks can cause catastrophic property damage. The EPA estimates that 90% of undetected water incidents result in multiunit damage. But, as Camden has done, you can change that outcome by implementing one smart solution.
When Camden partnered with RealPage® in a Smart Water pilot at two of their 171 properties, they achieved impressive ROI and savings and took a giant leap toward meeting their ESG and sustainability goals.
This case study details how Smart Water helped Camden:
- Reduce overall water consumption by 9.5% (over 626,000 gallons of water)
- Create $24,931 in annualized savings after the first three months
- Achieve ROI of over 300% in just three months
- Realize a 29% resident participation rate via the STRATIS® mobile app