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April 2020 — Property Management Quarterly — Page 21 www.crej.com Vendor Trends W hen you want to manage something, it’s often best to work from the top down. For a commercial property, that means prioritizing the health and longevity of the roof – one of the most expensive components of a build- ing to maintain or replace. The distinction between two of those last three words is crucial, because extending the lifespan of your roof by performing proper maintenance is much less costly than roof replace- ment. Research shows that the latter can set you back more than $4.25 per square foot versus as little as 14 cents per sf with a long-term routine main- tenance program.That’s a big reason why commercial property owners and managers regularly explore preventive maintenance solutions and innovative new roofing products and techniques. “When performed properly, preven- tive maintenance is a key contributor to increasing the lifespan of a roof,” said Joe Fricke, vice president of sales for theWestern Group of CentiMark Corp. in Denver. “It’s a cost-effective way to manage potential roof prob- lems before they arise or worsen. As municipal codes are becoming more stringent these days, the cost for roof replacement is rapidly increasing. So, if you can maintain a roof for an addi- tional few years using a good preven- tive maintenance plan, you’re able to greatly reduce the life cycle cost of the asset and financial outlay.” Nate Anderson, a Grand Junction dealer of our plant-based roof rejuve- nating treatment, agrees. “The case for roof rejuvenation and upkeep is excep- tionally high in a desert climate that’s extremely high and dry like Colorado, which is prone to offer very little in insurance reimbursement for hail and wind damage,” he said. Roofing matters have become more challenging for com- mercial property managers in this state over the last 20 years, said Jeff Brown, president of Lakewood-based Colorado Superior Roofing & Construc- tion Inc. It’s particu- larly true in Denver, which passed more involved roofing requirements and building codes for fire barriers and insulation, as well as the Cool Roof Initiative, he said. Currently, Denver requires reflec- tive/light-colored “cool roofs” as well as green space on re-roofed and new buildings exceeding 25,000 sf.With these requirements, it makes sense to invest more in regular upkeep and, therefore, investigate the latest prod- ucts. “One of the tools we are using more and more these days to extend the life of a roof is to apply the newest types of coatings: fluid-applied mono- lithic membranes that, thanks to their elasticity, permit them to stretch and retract without damage,” said Fricke. Single-ply membranes, such asTPO, PVC and EDPM, now command the lion’s share of the market in Colorado and comprise up to 76% of the over- all U.S. commercial roofing market, according to Fricke. “For roofs that are not replaced by insurance, liquid-applied roof coat- ings are becoming more popular,” Brown said. “You can get a similar membrane thickness and warranty for less than half the cost today. It’s also fully deductible in the year you apply it; it doesn’t require you to bring the building up to code as coatings do not require permits; and it saves on cool- ing costs because it’s a highly reflective, water-wicking application.” Our company’s soy-based spray is applied to asphalt shingles.The spray allows millions of micro-beads of oil to penetrate the roof, restoring its flex- ibility and extending its life by five years per treatment without voiding the existing roof warranty. Because our product is not a coating (it penetrates asphalt shingles), it won’t negatively impact the shingle’s permeability keep- ing the warranty intact. “Because of changes in the composi- tion of most asphalt shingles, roofs that formerly lasted 20 to 30 years are now failing in as little as seven to eight years,” said Anderson, who was the first to offer the organic liquid spray to clients. “Part of the reason is that, in recent years, engineers created a new process for refining oil to yield more gasoline and less asphalt byproduct, which caused the price of asphalt shin- gles to nearly triple in price. As a result, many manufacturers moved to lower levels of asphalt in their shingles and added crushed limestone fillers, with unfortunate results.” But by applying the spray to exist- ing asphalt shingles and repeating the process every five years, a roof’s life can be extended by as much as 15 years, he said. Electromagnetic induction weld- ing of PVC and TPO membranes, as offered in the RhinoBond Roof Sys- tem, is another innovation that has excited roofers and their clients in recent years, too. Products and services to extend a roof’s lifespan Mike Feazel CEO and co-founder, Roof Maxx Roof Maxx To stave off inevitable roof replacement as long as possible, perform regular roof inspections and upkeep duties. Please see Feazel, Page 23 SEPTEMBER 5-18, 2018 Appetite Demand forsingle-tenant,net- leased retail remainsstrongacross theFrontRange INSIDE Bullish Apartnership“bullish”onDenver’s multifamilymarketbuys theSt. MoritzApartments ‘Rock solid’ Anoffice towerwithsomeof the strongestcredit tenancy inDenver trades for$238million 8 12 10 FEATURED byJillJamieson-Nichols One of the largestmultiten- ant net-zero-energy develop- ments in thecountrywillbegin togrowearlynextyearasMor- gan Creek Ventures starts the secondand finalphaseofBoul- derCommons. Inadditiontomoreofficeand retailspace, thenextphasewill include a 45,000-square-foot net-zero apartment building with38units. “We’ve been wanting to develop a highly sustainable multifamilyproject for anum- ber of years, and it seems like a really good fit across from the apartments at S’Park. So, both sides of the street will be resi- dential,” said Andy Bush, Morgan Creek Ventures founder and principal. Boulder Commons is a key piece of the Boulder Junction transit-oriented development at Pearl Parkway and Junc- tion Place, catty-corner from Google’sBoulder campus.The first phase,with 100,000 sf of office space and ground-floor retail in two buildings, repre- sents Colorado’s first private net-zero commercial develop- ment. It is 78 percent leased to tenants including Rocky Mountain Institute, Lathrop Gage,CoreLogicandothers. “Giventhesuccesswe’vehad here,we’re very excited to get started early next year on the secondphase,”saidBush,who anticipates similarusers for the new 50,000-sf office building, which will have ground-floor retail. “We like building long-term assets that we can hold … Office seemed to be aproduct thatwasmissing in thispartof the market, and people were very receptive.” Plus, “There areanumberofcompaniesthat are interested in locating close to Google because they have somekindofbusiness relation- ship,”hesaid. Phase2willbe locateddirect- ly north of the existing build- ings,on the formerAirgas site. In order to acquire the prop- erty,MorganCreekdeveloped a build-to-suit for Airgas in Dacono. Boulder Commons’ new buildingswillemploythesame methods of achieving zero net energy consumption as Phase 1,withsomeupdates. “The thing that’s consistent in all of the buildings thatwe dototrytoachievehighperfor- Boulder Commons to add office, apts. Pleasesee Boulder, Page8 AndyBush The next phase of Boulder Commonswill include a 50,000-square-foot office buildingwith ground- floor retailanda large, two-storydeck,plusa45,000-sfapartmentbuilding. The three-buildingportfolio saw significant leasing activitywithin thepast 90dayswithmore than 76,000 square feetof renewals and SUBSCRIBE TODAY! 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