GRESB at Greenbuild: PACE Financing Breakfast Session, Nov 7, 7:30 am - 8:45 am, Boston

  • 7 November 2017
  • Start time : 07:30 AM
  • End time : 08:45 AM
  • Event Location : Boston Convention and Exhibition Center, Room 256, Boston, MA, United States
GRESB at Greenbuild: PACE Financing Breakfast Session, Nov 7, 7:30 am - 8:45 am, Boston
Event Description

Property Assessed Clean Energy (PACE) is an innovative financing program growing across the country. To date, 34 states and DC have enacted PACE enabling legislation and 19 states have active commercial PACE program(s).

PACE permits commercial properties to obtain long-term, fixed interest rate financing for the installation of energy efficient, renewable energy and water conservation measures. PACE financing is repaid through a special assessment as part of the property tax collection process.

PACE is particularly attractive for commercial property owners for a number of reasons, including (i) extended term – up to 20 years; (ii) transfers with the sale of the property to new owner, who continues to benefit from the energy savings; (iii) off-balance sheet financing; and (iv) in certain leases structures, tenant pays the increased property taxes which are offset by tenant’s reduced utility and operation costs.

This session will outline the potential opportunities REITs can realize by utilizing PACE in eligible markets.

  • Cost
    • FREE Event
  • Event type
    • Conference Session

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