SOURCE: NWP Services Corporation

NWP Services Corporation

August 04, 2011 17:27 ET

NWP Services Corporation Wins Technology Choice Award

Company Voted Top Provider in Utility Management by Multifamily Housing Industry

IRVINE, CA--(Marketwire - Aug 4, 2011) - NWP Services Corporation (NWP), a leading provider of smart solutions to lower operating and utility costs for the multifamily housing industry, today announced that it is the recipient of a 2011 Technology Choice Award from Multi-Housing News' (MHN) readers; winner in the Utility Management category.

"We are delighted to be named a Technology Choice Award recipient by MHN readers and our customers this year in the Utility Management category," said Michael Radice, CEO and president of NWP. "We see great promise in many multifamily markets with regard to rising rents. The challenge, however, is that energy prices and the cost of financing has risen as well, even outpacing gains in a number of those same markets. This means that owners and operators must become even more diligent in reducing expenses, improving cash flow and increasing Funds from Operation, and it starts with good business intelligence. At the most basic level, effective managers need an accurate picture of where they stand on utility costs and consumption, within their portfolio and against other communities in similar markets. Solid intelligence allows accurate property benchmarking and forecasting, and a springboard into improvements that will drive revenue. I know of only one utility management product in multifamily that does this: UtilitySmart," added Radice.

UtilitySmart optimizes utility spend and encompasses ten intelligent modules from which to choose. Modules target operational improvements for a calculated return. After capturing a community's costs and consumption data, a UtilitySmart plan is devised specifically for the communities' location and dynamic. Whether business intelligence and benchmarking analytics, utility theft recovery, vacant recovery or waste management, NWP yields are based on over a decade of property-level experience that generate measurable results. By controlling operational costs, UtilitySmart is able to create process efficiencies and increase asset value.

In recent news, NWP announced it was the first utility management provider in its sector to become an ENERGY STAR Certified Partner. Through an automated interface with ENERGY STAR's Portfolio Manager, NWP enables property managers to benchmark a building's energy efficiency to meet coming state and local mandates and further maximize the benefit of energy-efficient standards for residents, owners, lenders and investors.

Learn more about NWP's nationally recognized and award-winning UtilitySmart solution for multifamily housing owners and operators:

Multi-Housing News, a national publication reaching over 100,000 readers each month, provides multifamily executives and industry professionals with the most current and complete news, information and analysis to help them run more efficient and profitable businesses. Winners of the publication's Technology Choice Awards are determined by readers who cast votes online for their top providers across 12 technology categories.

About NWP Services Corporation:
Headquartered in Irvine, California, NWP Services Corporation (NWP) provides smart solutions to lower operating and utility costs for the multifamily industry including resident billing, resident payment, utility management and MRO. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay service allows residents to pay rent, utilities and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend and MRO Manager lowers operating costs and improves service increasing in Funds from Operations (FFO), Net Operating Income (NOI), resident satisfaction, and the asset value of multifamily properties. Additional information is available at

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
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