Page 152 - The Green Building Bottom Line The Real Cost of Sustainable Building

GREEN IS THE COLOR OF MONEY 131

4 4 5 6 7 8 9 10 TOTOTALSALS

21,300 21,300 471,300 538,800 548,925 550,444 550,672 2,766,640
550,672
21,300
548,925
538,800
550,444
471,300
21,300
2,766,640
79,000
79,000 79,000 79,000 79,000 79,000 79,000 79,000 790,000
790,000
79,000
79,000
79,000
79,000
79,000
79,000
3,300
3,300
3,300
33,000
3,300 3,300 3,300 3,300 3,300 3,300 3,300 33,000
3,300
3,300
3,300
3,300
16,500
0 0 2,116,500 1,176,475 1,222,971 1,261,446 1,303,442 7,080,834
2,1
1,176,475
1,222,971
1,261,446
7,080,834
1,303,442
0 0
1,936,413
10,670,474
103,600
103,600
2,670,100
1,854,196
1,797,575
103,600 103,600 2,670,100 1,797,575 1,854,196 1,894,189 1,936,413 10,670,474
1,894,189
(1,386,037)
(128,125)
(138,866)
(151,190)
18,765)
(165,335)
(103,490)
10,605)
(103,490) (110,605) (118,765) (128,125) (138,866) (151,190) (165,335) (1,386,037)
(1,058,987)
19,150)
(135,413)
(175,625)
(82,016)
(82,016) (92,710) (105,007) (119,150) (135,413) (154,1 (175,625) (1,058,987)
(154,117)
(92,710)
(105,007)
(26,997)
(24,858) (26,997) (29,456) (32,285) (35,538) (39,278) (43,580) (355,862)
(32,285)
(43,580)
(39,278)
(24,858)
(29,456)
(355,862)
(35,538)
(57,000)
(1,563,000)
(57,000) 0 0 0 0 0 0 (1,563,000)
(384,541)
(309,817)
(253,228)
(267,365) (230,31 (253,228) (279,560) (309,817) (344,585) (384,541) (4,363,886)
(230,311)
(344,585)
(279,560)
(267,365)
(4,363,886)
1,551,873
1,549,604
(163,765) (126,71 2,416,872 1,518,015 1,544,380 1,549,604 1,551,873
(126,711)
1,518,015
2,416,872
(163,765)
1,544,380
0.683
0.621
0.424
0.683 0.621 0.564 0.513 0.467 0.424 0.386 0
0.386
0.467
0.564
0.513
657,183
(78,678)
(1 (111,853) (78,678) 1,364,261 778,982 720,464 657,183 598,314 0
720,464
1,364,261
1,853)
598,314
778,982
Coda: Long-Term and Intangible
Revenue Creation
Not factored into our evaluation of the value of going green are those aspects of the
business that are longer term in nature, aspects that are more intangible and, as such,
harder to evaluate scientifically and objectively. One of those aspects concerns the
capacity to access capital funding for our business. At the time of this writing, we are
literally inundated by calls from various institutional capital players. They have all
been busy cobbling together sustainable real estate funds and are now in the process
of competing against one another for developers that can provide the products their
investors are seeking. It’s a small universe of developers right now that can deliver the
goods. We are in the fortunate position of being one of them.
That situation will change as more and more developers become experienced devel-
oping a more sustainable product. We hope that’s the case. Nevertheless, at the present
time, we find ourselves having access to capital that, had we been a conventional devel-
oper delivering a conventional product, would simply not have been open to us with the
same readiness nor with the same largesse. We have literally held discussions, serious
discussions, with several institutional players interested in providing us with enough