Kimco Realty Corp. · Electric · Water
Tehama Wireless Transmitters Provide Tenant-Specific Utility Data
400 open-air, grocery-anchored shopping centers with some 7,000 tenants. Jericho, NY.
The numbers
What changed
Over 90%
Water billing recovery, up from 40-50%
5,500+
Tehama RF transmitters installed
300
Properties submetered with Tehama
Near zero
Tenant billing disputes
The challenge
Properties were supplied water through shared municipal meters, so there was no equitable way to divide costs. The finance team answered some 3,000 billing disputes a year.
The results
- Billing is clear and equitable for every tenant
- Underground leaks found
- Thousands of hours of staff time saved annually
"As far as I know we're the only retail landlord that submetered their entire portfolio."
Next step
See how this applies to your property.
A 15-20 minute call to see if we can help you.