NEP in NYC: The 2019 Co-op Expo

 

We spent a very productive day in Manhattan as an exhibitor at major gathering of co-op apartment managers and vendors.

 
 
 

The Cooperator Expo New York is the city’s largest professional gathering for co-op, condo, and apartment building board members and shareholders representing more than 3,000 buildings in and around New York City. It’s a great way for smart property enablers like Nationwide Energy Partners (NEP) to share information, talk to residents and property managers, and learn about industry topics and trends. 

NEP was an exhibitor at the event, which was held April 11 at the New York Hilton Midtown. “The event was very successful,” says Kit Hagen, SVP of Growth at NEP. “We talked to dozens of co-op members and managers and left the event with a number of solid leads for new business.”

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“There were very few exhibitors like NEP in attendance, so it was a great opportunity to introduce us to a very promising market.”

- KIT HAGEN, SVP OF GROWTH AT NEP

 

What’s a co-op?

While virtually unknown in NEP’s hometown of Columbus, Ohio, apartment co-ops are a common owner-occupant structure in New York and other large cities. Similar to condo associations, Co-ops are groups of apartment building residents who’ve purchased their units and, as shareholders, control how the building is managed. “They determine how services are contracted, how common spaces are maintained, and other decisions,” says Hagen. “We were at the conference to make these co-op members aware of our services and to show them how beneficial our Smart Property Platform could be for their buildings.”



Hot topic: energy use, conservation and bulk WiFi

“There was a lot of conversation about lowering and tracking a building’s carbon footprint,” says Hagen. “The solutions that were most referenced were rooftop solar, co-generation, and usage tracking apps.” Battery technology was also a hot topic, like Tesla’s Powerwall and charging stations for electric vehicles.

“We believe EV charging will become a very attractive amenity for multi-unit properties,” says Hagen. “We’ve already installed them in communities in Columbus. It’s poised to be a popular addition to NEP’s integrated offering.” NEP’s Smart Property Platform allows for management of both batteries and EV charging.

Bulk WiFi — building- or community-wide WiFi service that eliminates unit-by-unit contracting with individual service providers — was another popular topic. And NEP was one of just two exhibitors representing it as a solution. “We’ve seen co-ops implement bulk Wifi, because their residents love the convenience and higher-performance,” says Hagen. “Our solution incorporates a resident facing application that not only enables Wifi network management but also unifies the control of all of a resident’s smart appliances and devices. We believe this mix of application and network is very differentiated in this market.”



The promise of Smart Property Platform

The New Yorkers showed interest in NEP’s Smart Property Platform, an integrated solution for providing submetering, resident billing, Wifi network and smart-appliance control.

It’s always valuable to talk to resident managers and co-op members directly, to hear what’s on their minds and get a sense for their future needs.
— Kit Hagen, SVP of Growth at NEP

“From a learning perspective, the event was very productive,” says Hagen. Hagen also talked to a number of current and potential partners. “We’re eager to turn those conversations into productive relationships.”

 

Interested in learning more about NEP’s Smart Property Platform? Contact Kit Hagen at 614.918.2065 or download our conference fact sheet and discover how SPP can lower your utility management costs, increase sustainability, and improve your resident experience.

 
 
Taylor Wiff