The amount of available C-PACE financing reached new heights last month after Aquarian Holdings acquired a majority stake in PACE Equity, one of the industry’s foremost C-PACE capital providers.
In this episode of our web series In Conversation with Lone Star PACE, PACE Equity President and founder Beau Engman stops by to unpack the significance of the $1 billion investment and how it will support his company’s foray into a new landscape of projects.
“[This partnership] is about putting capital to work on a much bigger scale,” Engman said. “This will help us meet the growth projections we have.”
Commercial Property Assessed Clean Energy, or C-PACE, is affordable, long-term financing for energy and water-efficient upgrades to commercial buildings. Demand for C-PACE has skyrocketed due to a capital markets dislocation happening alongside a corporate groundswell of commitment to sustainability in commercial real estate.
The Aquarian investment signals growing mainstream support for the once-niche financing tool. It comes on the heels of a recent partnership between global investment firm CDPQ and C-PACE capital provider Nuveen Green Capital, which injected $600M into the market via a combined debt approach.
With demand for C-PACE quickly growing, many property owners may have questions about how the process works. Schedule a meeting with Lone Star PACE today to see if your project qualifies.