PACENation Summit 2019

Austin, TX     |     April 3-5

PACE Updates

  • PACENation Announces Election of Mansoor Ghori to Board of Directors

    PACENation is pleased to announce that Mansoor Ghori, a co-founder and CEO of Petros PACE Finance, LLC, has been elected to serve on the Board of PACENation.

    Founded in 2013 in Austin, Texas, Petros PACE Finance has dedicated all its resources to providing long‐ term PACE financing to commercial property owners across the country, funding energy efficiency and clean energy upgrades in 11 states.

    “Mansoor is a real PACE pioneer, broadening the reach of PACE financing in what is still a very young marketplace. He’s been a real leader in emphasizing standards and best practices, and we think he’s a strong addition to our Board,” said Jeff Tannenbaum, PACENation’s founder and Board Chair. “I’ve had tremendous respect for Mansoor and his contributions to building PACE, and PACENation”, said David Gabrielson, Executive Director of PACENation. “We literally expanded the size of our Board to add him. We think he’ll make a huge difference in our ability to serve PACE stakeholders. “PACENation is the face of the PACE industry and being on the Board is a great privilege. I look forward to contributing to its growth,” said Mansoor Ghori.

    PACENation is the national, independent non-profit organization that advocates for PACE within the United States and in growing markets abroad and provides information, resources, and advice to PACE market participants from the government, non-profit and for-profit sectors. Its annual Summit has become the must attend event for PACE market participants and those intent on providing it. Mansoor Ghori serves as Co-Chair for this year’s Summit, which will be held in Austin on April 3-5.

    View press release.

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    MikePACENation Announces Election of Mansoor Ghori to Board of Directors
  • Petros PACE Finance Closes $24.9 Million C-PACE Financing in Omaha, Nebraska

    The largest announced C-PACE project to fund in the U.S. during 2018.

    AUSTIN, Texas, Dec. 21, 2018 /PRNewswire/ — Petros PACE Finance, LLC (www.petros-pace.com) announced today the closing of a $24.9 million Commercial Property Assessed Clean Energy (C-PACE) transaction in in Omaha, Nebraska with Shamrock Development, Inc., an Omaha-based development company chosen by the Metropolitan and Convention Authority to redevelop the two-block site as part of an urban renewal effort for downtown Omaha.

    The project will fund C-PACE eligible upgrades for the $205 million mixed-use development called the Capitol District. The development includes a 333-room Marriott hotel, a 223-unit apartment building, and 90,000 square feet of retail space. The project will consist of significant energy efficiency measures that will generate substantial savings over the 22-year terms of financing. C-PACE was a natural complement to the capital stack that also included multiple senior lenders, an EB-5 mezzanine tranche, and a Tax Increment Financing component. The City of Omaha administered the C-PACE financing for the Eastern Nebraska Clean Energy Assessment District (ENCEAD).

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    MikePetros PACE Finance Closes $24.9 Million C-PACE Financing in Omaha, Nebraska

TWEETS

Resources & Downloads

PACENation’s Consumer Protection Policies

PACENation’s consumer protection policies (CPP Version 2) represent the strongest protections and disclosures for homeowners investing in energy efficiency or renewable energy.

Study: PACE Makes Homes More Valuable

In the first economic study of homes with PACE upgrades, three different methodologies and three home price indices were examined and all turned up the same results; PACE is good for the resale value of homes, even after taking into account the financing costs. Published in the Journal of Structured Finance January 2016.

Whitepaper: Benefits of PACE for Commercial Real Estate Companies

For commercial real estate property owners, PACE financing can remove the typical barriers to the implementation of energy efficiency improvements. In this whitepaper, George Caraghiaur explains how to take advantage of the many benefits PACE provides to commercial real estate companies.

2017 C-PACE Economic, Energy, and Environmental Impact Report

Download our year-end C-PACE report for insights on annual trends, regional C-PACE activity, and estimates of impact on local municipalities.

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