A Blog About Tax Savings for Building Owners

Tag: Sustainability

Discover the Green Zip Tape Advantage: Sustainability and Tax Savings That Last

Green Zip Tape is transforming the construction industry, and it’s only a matter of time before developers, investors, and property owners recognize it as the smarter, greener way to build. Not only does Green Zip Tape offer a more environmentally friendly approach to construction, but it also provides unmatched tax advantages that extend through the building’s life, benefiting owner after owner, year after year.

The Environmental Benefits

With Green Zip Tape, less sheetrock ends up in landfills—an impactful step toward reducing construction waste. This patent-protected tape also enables easy access to internal walls for repairs, making maintenance smoother and renovations faster, cheaper, quieter, and cleaner. It’s an innovation in sustainable building that truly minimizes environmental impact.

Maximize Financial Benefits Through Cost Segregation

The financial benefits of using Green Zip Tape are substantial. Imagine shifting approximately 10% of your project’s construction costs from the typical 27.5- or 39-year depreciation class life to a much shorter 5-year class life. For example, in a $30 million multi-family project, $3 million could be reclassified to the 5-year category, creating a significant tax advantage, even if 100% bonus depreciation isn’t renewed in 2025.

In practical terms, that $3 million reclassification translates to approximately $1 million in tax savings. Whether those savings are realized in the first year or over five years, this reclassification is a bonus on top of what you’ll get from a cost segregation study. You’re building a better building that will be able to carry on to future owners. These advantages transfer to new building owners, enhancing the building’s value and market appeal over time.

Still Deciding? Let’s Run the Numbers

If you’re considering Green Zip Tape for your project, the best way to see its value is to let us calculate the potential savings. Our team can provide a detailed analysis to help you make an informed decision.

Green Zip Tape is for Larger Projects

Green Zip Tape is currently available for projects over $10 million with significant sheetrock requirements on non-load-bearing walls. Ideal applications include multi-family, hospitality, office, student housing, senior housing and office-to-residential conversions.

I represent Green Zip Tape nationwide and am here to discuss how it could benefit your next project. Reach out today for a consultation!

#greenziptape #buildbetter #taxbenefits #sustainability #sustainableconstruction #greenbuilding #drywall #sheetrock #environmentallyfriendly

John Murphy CSSI

CREW Upstate – Sustainability in CRE Luncheon at Hartness Hotel

Photo: John Murphy, Cost Seg Building – Hotel Hartness

I had the opportunity to attend the luncheon today at the Hotel Hartness with CREW Upstate. The topic for today was sustainable building in commercial real estate. Hotel Hartness is a gorgeous new building and is an example of adaptive reuse for construction development.

We had three panelists talk about what they see as the trends itin sustainability were for CRE. Lots of discussion about LEED buildings and LEED credits.

CREW Upstate is a membership organization with the purpose to help women succeed in commercial real estate. There are a few of us men who are part of this to help support their efforts. There’s a lot that goes into commercial real estate and this group is comprised of brokers, bankers, insurance pros, engineers, architects, designers, inspectors, lawyers, property managers, financial analysts etc…I’m sure I’m missing some professions.

Here’s a picture of the panelist we had speak today. Jennifer Wolf was unable to make it.

One of the things I left with was that Diane Coleman had mentioned that there is now LEED 5 which as I understand is the latest iteration of LEED being proposed. Right now they are taking comments from the public from April 3 – May 20, 2024. You can find more at the link I just posted above for LEED 5.

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