Lone Star PACE, a leading administrator of the Texas C-PACE program, was honored with the Most Creative Financing award at the Dallas Business Journal’s 2025 Best Real Estate Deals ceremony. The recognition highlights the firm’s role in administering a $27 million Commercial Property Assessed Clean Energy (C-PACE) assessment for HALL Arts Hotel in the Dallas Arts District — a transaction that recapitalized energy-efficiency upgrades at the luxury property.
The award was presented during the DBJ’s annual ceremony on April 17, which celebrates the most impactful and innovative commercial real estate deals in North Texas. Of 130 submissions, only 65 were selected as finalists, and just 22 received top honors.
Lee McCormick, President of Lone Star PACE, said: “This award reflects the power of creative financing to elevate commercial real estate projects in ways that align with sustainability, economics and long-term value. We’re honored to work alongside visionary partners like HALL Group and Nuveen Green Capital to bring these transformative deals to life.”
Nuveen Green Capital, the capital provider behind the HALL Arts Hotel project, emphasized the significance of the award and the broader momentum behind C-PACE financing.
Sean Ribble, Senior Director at Nuveen Green Capital, said: “We were proud to partner with Lone Star PACE and HALL Structured Finance to provide C-PACE capital for this notable project. As more owners and developers turn to C-PACE as a flexible financing solution in Dallas and nationwide, we’re honored to be recognized by the Dallas Business Journal. This recognition highlights C-PACE’s growing mainstream adoption and unique ability to deliver value at every stage of development: pre-, mid- and post-construction.”
The assessment allowed HALL Group to recapitalize the cost of previously installed energy-efficient improvements, providing an alternative source of capital and increased flexibility for future projects.
Mike Canning, Senior Vice President of Capital Markets at HALL Structured Finance, said: “We’re proud to have partnered with Lone Star PACE and to see them recognized for their creativity and innovation in financing HALL Arts Hotel. C-PACE continues to be a positive product in advancing sustainability goals and an efficient form of financing in today’s environment.”
Glenn Silva, Chief Operating Officer at Lone Star PACE, emphasized the deal’s broader implications: “This project demonstrates what’s possible when developers, capital providers, and administrators work in sync. C-PACE continues to prove itself as a dynamic tool for fueling sustainability while supporting the business goals of developers and property owners.”
If you’re a property owner or developer exploring creative ways to strengthen your capital stack, improve sustainability or unlock liquidity, your project could be a fit for C-PACE. Contact Lone Star PACE today to get started.