IQ EDISON — ENERGY OPTIMIZATION ECOSYSTEM · CONFIDENTIAL — PREPARED FOR MICHAEL J. MELODY · AUGUST 2026

The Opportunity In Two Minutes
A Property-Performance Capability For Walker & Dunlop And The Owners It Advises.

A two-page executive summary of the full briefing site. The site is a private information packet, not a proposal — the single request at the end is a working session.

THE OPPORTUNITY IN TWO MINUTES

A Property-Performance Capability For Walker & Dunlop And The Owners It Advises.

Walker & Dunlop’s position across commercial real estate creates two potential applications for IQ Edison.

First, IQ Edison can evaluate eligible California properties where Walker & Dunlop or an affiliated investment vehicle has the necessary ownership, investment-management, or asset-management authority.

Second, Walker & Dunlop can selectively introduce the capability to willing owners and sponsors when energy optimization may strengthen property economics, support a value-add plan, or provide another source of measurable operating improvement.

California is the reason for reaching out now: applicable utility-administered programs can compensate measured energy savings and may offset a material portion of implementation cost. The capability itself is viable wherever commercial real estate operates. IQ Edison handles screening, utility data, technical analysis, technology selection, incentive coordination, installation, and verification — the entire workload, end to end.

The commercial thesis is straightforward: verified energy savings reduce recurring operating expense and flow to NOI. At a 5% capitalization rate, $1 of durable annual NOI supports approximately $20 of indicated value. Property-specific results must be modeled and measured, and any valuation or underwriting treatment remains subject to the relevant owner, lender, appraiser, and program requirements.

The recommended next step is a working session to choose one path and one small proof set. The objective is not a broad commitment. It is to determine whether the capability creates enough measurable value to earn a larger role.

TWO POTENTIAL PATHS
Direct asset value + client value
MEASUREMENT BASIS
Verified at the utility meter
INITIAL MARKET
Eligible California properties
THE CAPITAL MATH
$1 of recurring NOI ÷ capitalization rate

The first commitment is not to a project. It is to a disciplined look at whether an opportunity exists.