Insights and News at the Intersection
of Energy and Commercial Real Estate Industries
The firm announces the recent addition of Kurt Pollem as Managing Director and Mark Lebowitz as Head of Capital Markets. The appointment of these CRE veterans strengthens the depth of CounterpointeSRE’s commercial real estate expertise.
Commercial PACE can fund measures to reduce OPEX and carbon in hospitals, life science, and healthcare properties with strategies from the Department of Energy. National Academy of Medicine gives insights on how to incorporate savings from the Inflation Reduction Act (IRA).
$256 Million commercial PACE illustrates how CounterpointeSRE’s sustainable investment benefits both property owner, community, and the environment.
Stormwater harvesting along with 27-30% reduction in energy and water use highlight this ultra lux, sustainable multifamily development.
ConEdison partners with Counterpointe Sustainable Real Estate to help commercial properties in New York finance clean heat and other energy measures.
Program focuses upon providing affordable options with no CAPEX to accelerate the transition to clean energy.
Does PACE work with HUD financing? Yes. In fact, the potential for PACE financing to complement HUD Financing is a trending topic in the PACE industry covered by both the US Department of Energy’s C-PACE working group and PACENation in recent virtual workshops. Two case studies with HUD consent included.
$122 million for multifamily development points the way to the continued expansive growth of C-PACE in 2023 as Archer Western breaks ground in Texas.
According to Dodge Construction Network, new starts will remain unchanged in 2023 at $427 billion with multifamily leading the way.
C-PACE financing for multifamily housing new construction presents a significant opportunity to increase returns and to benefit the local community.
Learn strategies from DOE’s Better Buildings for decarbonization and read case study of how commercial PACE can be used to lower energy costs in affordable housing.
There has never been a better time for office buildings to reduce operating expenses and carbon emissions through strategies from the Department of Energy’s Better Buildings. Recent studies show increased rent premiums and collateral value for green propertiesand increased tenant satisfaction.
C-PACE finances energy efficiency projects with most cash flow positive the first year to increase NOI of the property without utilizing CAPEX.
Learn decarbonization strategies from the Department of Energy Better Buildings with a Net Zero Office case study.
The Inflation Reduction Act includes the recognition of the importance of reducing energy use in commercial real estate.
Key takeaways include a focus on low income communities, generous tax credits and a 25% threshold in energy reduction for both new construction and retrofits.
Laundry wastewater heat recovery through $1MM Investment from CounterpointeSRE yields exceptional OPEX and carbon savings with annual 1,892MT CO2 emissions reduction modeled through installation of Kemco Systems heat reclaimer.
Alaska C-PACER allows financing for resiliency and improvements that reduce emissions affecting air quality and/or regulating temperature pointing to the growing recognition of C-PACE’s role in combating climate change and supporting decarbonization.
In 2014, the SF ESIP legislated mandated seismic retrofits to better protect its citizens. A 100+ year apartment building in the Mission District included energy efficiency ADUs and joins long list of properties turning to Counterpointe for seismic retrofit financing.
Legislators in VA pass amendment paving the way to a statewide C-PACE program to be administered by the VA PACE Authority.
Other highlights include C-PACE for retroactive financing of completed projects, safe drinking water, and resiliency.
PACE Wisconsin Program to Receive Legislative Boost Following Funding of $53 Million in 2021 Date: 24 Feb 2022 Source: CounterpointeSREThe Wisconsin State Senate passed a bill (692) last week that will make the State’s C-PACE program a more vibrant tool for the...
LA Medical Center Downtown utilizes C-PACE to finance major renovation project. Funds also allowed owners to avoid CAPEX while addressing deferred maintenance and equipment at end of life after acquisition to create a state of the art health center.
C-PACE can support sustainability goals of the food industry and large corporates. Proceeds will be used to acquire and maintain an 8MW cogeneration system fueled by onsite biogas capable of providing 100% of the facility’s energy demands.
CounterpointeSRE and the Philadelphia Energy Authority announce the closing of $25.57 million in C-PACE financing structured with extended Interest only period for retroactive financing of energy projects at this trophy office building located on Independence Mall.
The partnership between Trina Solar and CounterpointeSRE affords new opportunities for EPCs (engineering, procurement and construction firms), C&I solar developers, along with commercial and industrial property owners who can now take advantage of C-PACE financing for energy projects.
Michigan State Treasurer Rachel Eubanks discusses C-PACE’s impact in the Great Lakes Region with CounterpointeSRE’s Michele Pitale focusing on noteworthy examples of C-PACE supporting environmental and economic goals in Pennsylvania, Michigan, Ohio and Illinois.
As severe weather events challenge the built environment, designing for resiliency is becoming an important factor for architects and designers. Emerging C-PACE programs are calling themselves C-PACER to emphasize the financing of resiliency and disaster mitigation measures through property taxes.
A designated National Historic Landmark, the Kirkbride center turns to commercial PACE to replace HVAC and install a new chiller plant at its facility through the Philadelphia PACE program that mandates Diversity and Inclusion plan to support local job creation.
Eric Alini and PACENation’s Colin Bishopp comment on the growth of the C-PACE industry in this Wealth Management News piece addressing the launch of the New York City PACE Program and the rising use of C-PACE by developers of commercial real estate.
By Gail Kalinoski, Multihousing News: Features green lending of new developments in Littleton, CO and Houston, TX as examples of C-PACE multifamily senior housing that were keeping CounterpointeSRE busy since the onset of the pandemic.”
By Kari Lydersen, Energy News: A massive pork food processing plant in a small Illinois town is powered by solar thanks to CounterpointeSRE’s PACE financing — a first for the company and for Illinois, and an example that advocates hope will inspire other industrial properties to embrace commercial PACE for clean energy projects.
The firm announced today that it has provided $4.6 million in commercial PACE funding in the gut renovation of a former manufacturing facility into shared kitchen space with highly energy efficient equipment. With consent from 5 New Market Tax Credit lenders, the funding will support job creation on Chicago’s Northwest side.
Commercial PACE funded conservation measures planned for 100+ bed senior housing community qualify StoneCreek of Copperfield for private funding through Texas PACE program.
Developer also utilized C-PACE to take out construction loan on similar facility in Colorado.
By CSRE: Connecticut-based national lender boosts “Poway Outpost” capital stack to nearly 75% LTV by deploying PACE financing as a midstream capital solution amid COVID disruptions.
By Multi-Housing News: Managing Partner Eric Alini speaks to Multi-Housing News about C-PACE and how this alternative financing tool focused on sustainability can preserve equity, strengthen the capital stack,and lower WACC. He also discusses how C-PACE works with permanent financing from seniors and HUD.
This green infrastructure in a former Model A parts manufacturing plant is emerging on Detroit’s greenway with funding by DWSD’s Stormwater Infrastructure Plan and C-PACE financed through the Lean & Green Michigan PACE program. Featured on Detroit’s Stormwater HUB.
CounterpointeSRE provides $5.5 million in C-PACE to help developer reduce carbon footprint and reduce tenant utility bills without compromising the luxury experience at the Millenium Sixty Six of Edina, MN located in Greater Minneapolis/St. Paul area.
COVID-19’s disruption of business is significant and we are fortunate to continue supporting energy-efficiency, renewable energy and resiliency projects with 9 closings since March 23. thanks to exceptional support from local government and other partners.
Counterpointe’s healthcare finance team is currently working with healthcare providers, engineers and energy services professionals to consider how current legislation may be expanded to help healthcare and other commercial facilities respond to COVID-19 and future public health crises.
CounterpointeSRE announces Four Closings Including a $14.5 Million for Multifamily Development in LA
Counterpointe Sustainable Real Estate (CounterpointeSRE), announced today the closing of four Commercial Property Assessed Clean Energy (C-PACE) transactions for a total of $15 million in financing through the California Statewide Communities Development Authority’s (CSCDA) Open PACE program.
Fairfax County Office Buildings among Top Sectors to Benefit from Newly Passed Environmental Legislation.
C-PACE financing can be used by commercial property owners to fund 100% of energy saving investments. The program works for both existing buildings and new construction where the funding has become a valuable tool for developers of green buildings.
Tom Pfister writes for Forbes on the emergence of PACE markets as the nation’s largest metropolitan cities including New York, Philadelphia, and highlights Counterpointe’s financing of the LaSalle Chicago, an Autograph Hotel renovation in Chicago.
Commercial PACE Financing for Hotel development of Microtel Inn & Suites by Wyndham Gambrills in Maryland
CounterpointeSRE through the MD PACE has closed financing for new construction hotel development maximizing energy efficiency and water conservation measures at the Microtel By Wyndham hotel in Gambrills, Maryland.
CounterpointeSRE announced it has provided $21.25 million to an affiliate of The Prime Group, Inc. toward redevelopment of five vacant floors of the historic 208 S. LaSalle Street building into a new, 233-room luxury boutique hotel atop the JW Marriott Hotel
CounterpointeSRE Closes $3.7 Million commercial PACE for HVAC upgrades and Generator in Miami, Florida
CounterpointeSRE has provided $3.7 million in support of Trane’s multiple upgrades HVAC and new standby emergency generator complying with Florida’s state law mandating backup generation for the facility.
Counterpointe Sustainable Real Estate, one of the nation’s first PACE providers and a national leader in renewable energy and energy efficiency announced today the closing of financing for a solar project in Long Island, New York state’s first C-PACE financing through EIC.
Elevator modernization is a capital intensive upgrade necessary for the safety of a building’s occupants.
Long term of C-PACE financing smooths out cashflow impact as illustrated in recent closings for elevator modernization projects in acute care hospitals, SNF and a hotel.
Counterpointe Sustainable Real Estate has provided financing to support the renovation of a 237 key hotel in Cincinnati, Ohio with extensive capital improvements required by franchise agreement to become the Delta Hotels Marriott Cincinnati
Equipment with Longer Useful Life Can Save You Money From Day One Even with higher up-front costs, equipment with a longer useful life, when purchased with PACE financing, can yield positive cash flow from day one. Date: 22 July 2019 Source: CounterpointeSRE Author:...
Counterpointe Sustainable Real Estate (CounterpointeSRE) announced today that it has closed a $12 million, 30-year, Commercial Property Assessed Clean Energy (C-PACE) for the construction of the new Tommie Hotel located in Hollywood, CA.
CounterpointeSRE’s Managing Partner Eric Alini speaks with National Real Estate Investor on the environmental and economic advantages of green measures in commercial real estate. Initiatives
CounterpointeSRE provides $10.5 million commercial PACE for Hyatt Centric to Reduce Development Costs of a Historic Landmark Property in Downtown Sacramento
CounterpointeSRE has closed a $10.5 million, 25 year, Commercial Property Assessed Clean Energy (C-PACE) financing for a new Hyatt Centric Hotel in downtown Sacramento, California.
Living Architecture Monitor: New Green Roof Financing Program Eric Alini writes on Counterpointe's new specialized financing program supporting Green Roof installations