Building for the Future: Energy-Efficient Multi-Family Developments | The Newly Invested Podcast, Ep.12, with Ali Nazarian

Welcome back to another exciting episode of **Newly Invested**! I'm your host, Judith Tait, and today we're diving deep into the world of multi-family development, energy efficiency, value-add projects, and the CMHC MLI Select program. If these topics interest you, make sure to have your notepad ready! We are thrilled to welcome Ali Nazarian to the show.

Episode Highlights:

Introduction:

• Meet Ali Nazarian, a full-time real estate developer, investor, and coach with a passion for growth, creativity, and quality.

  
  



• Founder of Ecolux Developments, specializing in energy-efficient residential buildings.

  
  



• Ali’s background in engineering, project management, and risk management.

  
  

Early Beginnings:

• Ali’s personal real estate journey started in 2016, although his exposure to real estate began much earlier through his parents.

  
  



• How growing up around real estate provided Ali with a unique perspective and competitive edge.

  
  

Real Estate Insights:

• The importance of understanding tenant needs and managing tenant relationships effectively.

  
  



• Treating tenants like customers to maintain quality relationships and ensure long-term success.

  
  

Ecolux Developments:

• The story behind the creation of Ecolux Developments in 2017.

  
  



• Ali’s focus on building energy-efficient homes, driven by his childhood experiences in poorly insulated homes.

  
  



• The shift from luxury homes to developing above-average quality residences with a focus on energy efficiency.

  
  

Energy Efficiency in Real Estate:

• Practical ways to achieve energy efficiency in buildings, including the use of heat pumps and low-flow plumbing fixtures.

  
  



• The role of energy advisors in modeling and implementing cost-effective energy solutions.

  
  

CMHC MLI Select Program:

• An overview of the CMHC MLI Select program and its benefits for multi-family developers.

  
  



• Recent changes to the program as of June 19th, which now limit the points achievable through energy efficiency alone.

  
  



• Impact of these changes on financing terms, including loan-to-value ratios, debt coverage ratios, and amortization periods.

  
  

Industry Challenges and Adaptations:

• The financial challenges of improving energy efficiency in developments.

  
  



• Ali’s strategies for incorporating sustainable practices into his projects while maintaining economic viability.

  
  

Connect with Ali Nazarian:

LinkedIn: https://www.linkedin.com/in/alinazarian/ 

Facebook Profile: https://www.facebook.com/ali.nazarian.61 

Facebook Page: https://www.facebook.com/EcoLuxDevelopments

Facebook Group: https://www.facebook.com/groups/3810352749042702 

Instagram: https://www.instagram.com/ecoluxdevelopments/ 

YouTube: https://www.youtube.com/@alinazarianREI 

Website: https://ecoluxdevelopments.com/ 

To watch this episode, visit us on our YouTube Channel HERE

Thank you for listening! Stay tuned for more episodes packed with expert advice and inspiring stories to help you achieve your real estate goals. Happy investing!

#NewlyInvested #Podcast #RealEstateInvesting #AliNazarian #EnergyEfficiency #MultiFamilyDevelopment #SustainableBuilding 🚀🎙️