Syracuse, NY According to Longley Jones, it has acquired Buffalo Energy’s Commercial Operations Group and formed Longley Jones Energy Management Corp. The team is comprised of experienced energy advisors, building scientists and installers with a genuine passion to promote energy efficiency through the installation of high-efficiency upgrades and clean technologies.
This acquisition enhances Longley Jones’ ability and commitment to provide property management services.
For ten years, Buffalo Energy has been a leading provider of comprehensive energy consulting and contracting services for residential, commercial and multifamily buildings. Over the years, Buffalo Energy and Longley Jones have worked together to improve building efficiency and increase property values across the state. Longley Jones Energy Management partners with the New York State Energy Research and Development Authority (NYSERDA), the State Weatherization Program network, and utility companies to provide clients with financial incentives to implement energy-saving building upgrades.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,