When it comes to a project’s returns, ﬁnancial reports tell only part of the story.
Sustainability demands a triple bottom line: positive outcomes for society, the environment, and proﬁt — People, Planet, and Prosperity. Like every business, we regularly report ﬁnancial performance: the following annual report provides a more holistic view of Eco Modern Flats’ performance in 2018, adding in the measures of People and Planet. Last year, we shared lessons with community groups, brought neighbors together, and used natural resources wisely.
As in past years, real estate development graduate students from Georgetown University interviewed SREG staff for coursework focused on adaptive reuse.
In keeping with our purpose of connecting people with neighbors, ECO had an array of activities for residents.
Weekly Happy Hour
Monthly Rooftop Yoga in partnership with Trailside Yoga
Outings to events at local pubs
Preparing and serving a free community meal via Feed Communities
A winter book club meeting at a neighborhood pub
of residents attended at least one event in 2018
From our residents
Accolades for our staff
It was this winter during the rare cold snap—my heat went out. It was late in the evening and the team had already gone home. The temperature was frigid outside. After I called the emergency line, Snuffy ran to rescue, he came straight from home. He was so kind and concerned about me. He tried to make the repair but it was going to take parts not available. He scrambled for a portable heat unit to make sure I didn't freeze that night. He was genuinely concerned about me. Brought warmth and comfort. First thing the next morning, he's checking in and assuring that the unit would be ﬁxed that day. Sure enough, it was. I can always count on Snuffy to make my day brighter and take care of things when the day isn't so bright. — Tyler C.
Tim always takes time from what he is doing to visit with my girls. He very joyfully and patiently answers all the questions that the kids throw his way no matter what. I am amazed at the way he makes our place look and feel immaculate. Every visitor that I have ever brought to Eco is amazed at what Tim does. Thank you Tim for making Eco a place that people love to live! — Michael C.
SUPERIOR PERFORMANCE IN CONSERVING NATURAL RESOURCES
- Eco’s recycling program is Fayetteville’s ﬁrst large-scale multifamily recycling program. In 2018 we diverted an estimated 6.1 Tons from the landﬁll.
- Eco was one of the very ﬁrst ENERGY STAR™ multifamily properties in the nation. The program allows properties to demonstrate energy and water savings and to compare performance with others in the industry. In September 2018, our ENERGY STAR™ score was 96 on a scale of 1-100.
- Aided by efﬁcient appliances and ﬁxtures along with rainwater reclamation, Eco used approximately 45% less water last year than pre-renovation.