Essential Properties Realty Trust, Inc. announced, as part of its Essential Sustainability strategy, a partnership with Budderfly Inc. (“Budderfly”), the fastest growing Energy-Efficiency-as-a-Service ("EEaaS") provider in the United States. The Company's first sustainability partnership aims to deliver operating savings to its tenants by deploying sustainability upgrades that are estimated to reduce the carbon footprint of the upgraded properties by up to 30%. Under the program, EPRT plans to invest capital in more efficient technologies and equipment upgrades that Budderfly will install and manage.

The sustainability upgrades will include, but are not limited to: the installation of LED lighting and lighting controls, higher efficiency HVAC units along with HVAC controls and monitoring, refrigeration controls and monitoring, solar solutions, and net metering and controls. Budderfly's established methodologies as a leading EEaaS provider include identifying the optimum sustainability upgrades to deploy, completing the installation, maintaining the upgrades, and monitoring utilization. Tenants will receive an immediate reduction in their monthly utility costs and will have access to valuable data about their energy consumption, monthly savings, and carbon footprint reduction— all with Budderfly's Facility Smart Grid.