SageWater President and COO, David Schanuel, joined an episode of the Nareit REIT Report podcast to discuss the importance in the multifamily sector of including plumbing and mechanical infrastructure in capital improvement planning.
Dave noted that SageWater primarily focuses on the substantial amount of aged infrastructure in the multifamily sector that has been delivered since the 1950s. “Their plumbing and mechanical systems have aged out or phased out of their useful life and really need to be addressed to ensure that the housing stock remains a top-quality asset for the ownership groups that maintain and rent out those facilities.”