The company manages about 150 properties, 35 of which are senior living, in nine states.
Rent for apartments runs between $390 and $625 per month. The property accepts housing vouchers funded by the U.S. Department of Housing and Urban Development.
The building is seeking LEED Certification, a program that ranks buildings depending on how green they are.
Kappel, who is helping Brentwood Greene through the LEED process, said the company would know within four to six weeks whether it received the status.
Wray acknowledged building green comes with higher initial expenses because of pricier materials and appliances, but eventually the lower monthly and annual expenses pay off the investment.
“We don’t build it to turn around and sell it,” she said. “This is a long-term investment, and we want to help our residents.”
Resident Tad Dunlap moved to Brentwood Greene in November. Electric and gas bills during the high-costing winter in his two-bedroom unit were about half what they were at his previous apartment, which was also two bedrooms, he said.
“I’m impressed with the utility bills being so low,” he said.
• Daniel Human is the Kokomo Tribune business reporter. He can be reached at 765-454-8570
or at daniel.human