From Boardrooms to Bedrooms: C-PACE Can Help Office Conversions Pencil
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From Boardrooms to Bedrooms: C-PACE Can Help Office Conversions Pencil
As dense urban areas grapple with an abundance of unused workspace and housing shortages, office-to-residential conversions have emerged as a creative means of killing two birds with one stone. More than 3,000 housing units in Dallas were created by conversions between 2021 and 2024, making the city one of the nationwide leaders in adaptive reuse.…
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C-PACE Financing Fills Void Left Behind by Banks
C-PACE financing is poised to gain even more relevance next year as banks continue to pull back on lending to commercial real estate, according to new data from CBRE. Loan volumes surged in the third quarter as spreads tightened and debt liquidity returned to high-quality assets. Most financing was provided by alternative lenders, and that…
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Unpacking Nuveen Green Capital and CDPQ’s Game-Changing C-PACE Financing Program
The C-PACE market is getting a $600M boost thanks to a new integrated financing program aimed at advancing sustainability in commercial real estate. Earlier this month, Nuveen Green Capital and global investment firm CDPQ announced they would join forces to offer a one-stop shop for Commercial Property Assessed Clean Energy financing. The first-of-its-kind program supports cost-effective…
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C-PACE Financing Can Help Recapitalize Maturing Debt
The much-discussed wall of maturing loans is closing in, expanding the pool of borrowers looking to refinance and paving the way for a potential boost in demand for C-PACE financing. A new report by Moody’s found that a growing segment of commercial real estate loans have been modified as borrowers grapple with interest rate cuts…
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Pairing 179D with C-PACE can Supercharge Investments in Energy Efficiency
A nearly 20-year-old tax deduction for sustainable building practices is seeing a new wave of demand following federal action to expand the incentive. First codified in 2006, the Energy-Efficient Commercial Building Property Deduction, known colloquially as the 179D, acts as an accelerated depreciation deduction for energy-efficient upgrades, such as improved HVAC, lighting and building envelope…
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Powering Texas’ Data Center Boom: How C-PACE Financing is Fueling the Future
Demand for data centers has never been stronger in Texas, where abundant land and cost-effective power have positioned regions like Dallas-Fort Worth to rival Northern Virginia as the nation’s epicenter for leasing and development. Data center leasing reached record levels in DFW in 2023, with 530 megawatts absorbed over the course of the year –…
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Understanding the Role of Program Administrator in Texas C-PACE Financing
The Texas PACE Act, signed into legislation in 2013, requires oversight and administration of Commercial Property Assessed Clean Energy (C-PACE) programs established by cities and counties. Despite the critical role played by a program administrator in ensuring an effective and successful project, there tends to be confusion around the role companies like Lone Star PACE…
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Using C-PACE to Drive Down Water Usage at Multifamily Properties
Multifamily property owners have grappled with a persistent set of challenges that have only intensified over the past two years. In addition to a slowdown in rental income and elevated interest rates, many have seen their operational expenses skyrocket to unprecedented levels. One simple way to control costs is by analyzing and tackling a property’s…
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6 Reasons Why Senior Lenders Should Consent to C-PACE Financing
In today’s tight capital environment, property owners are increasingly turning to alternative financing sources to fund new construction projects or refinance existing buildings. Commercial Property Assessed Clean Energy, or C-PACE financing, is a relatively untapped solution that can replace more expensive forms of debt and help reduce the weighted average cost of capital. Rising demand…
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Using C-PACE Financing in Place of More Expensive Mezzanine Debt
When deciding what to pair with mortgage debt, developers may find themselves choosing between mezzanine financing and Commercial Property Assessed Clean Energy, or C-PACE, to reduce the weighted average cost of capital. C-PACE financing is an attractive alternative to a mezzanine loan because it reduces the project’s capital cost and offers longer-term solutions for a…