press & News
September 27, 2016
Florida PACE Funding Agency Appoints Former Sarasota County Manager Jim Ley as a Member of the Board
The Florida PACE Funding Agency is pleased to announce the appointment of Jim Ley as an interim member of the Agency's Board of Directors. Mr. Ley will fill the position vacated by Ed Marquez. Mr. Ley served as Assistant County Manager in Clark County, Nevada and then County Administrator in Sarasota County, FL for more than 14 years.
Source: CSRE
October 11, 2016
CounterpointeSRE Approved in Kern County
The Kern County Board of Supervisors voted to make Counterpointe Sustainable Real Estate available to Kern County residents and businesses. The Program makes energy and water-saving renovations affordable for property owners by providing financing for 100% of the project and closing costs.
Source: CSRE
October 30, 2016
Counterpointe Sustainable Real Estate Approved in Broward County
Broward County Commissioners recently voted to make Counterpointe Sustainable Real Estate – one of the leading property assessed clean energy (PACE) programs in the country – available to Broward County residents and businesses. The CounterpointeSRE Program makes energy and wind mitigation renovations affordable for property owners by providing financing for 100% of the project and closing costs.
Source: CSRE
December 15, 2016
Hannon Armstrong Announces New Partnership for Commercial Property Assessed Clean Energy (C-PACE) Projects
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in the efficiency, wind and solar markets, is pleased to announce that CounterPointe Sustainable Real Estate LLC ("CSRE") and Hannon Armstrong will work jointly on Commercial Property Assessed Clean Energy (C-PACE) opportunities. CSRE is the C-PACE focused affiliate of CounterPointe Energy Solutions LLC (CounterPointe) a PACE Program Administrator responsible for residential and commercial PACE programs in CA, FL and NJ.
Source: HASRE
December 28, 2016
CounterpointeSRE Approved in Anaheim, California
The Anaheim City Council voted to make the Counterpointe Sustainable Real Estate available to residents and businesses. The Program makes energy and water-saving renovations affordable for property owners by providing financing for 100% of the project and closing costs.
Source: CSRE
March 10, 2017
Counterpointe Sustainable Real Estate Approved in Hillsborough County
Hillsborough County Board of County Commissioners voted today to implement the Property Assessed Clean Energy (PACE) program for residents in the county’s unincorporated area. The program makes energy conservation and efficiency, renewable energy and wind resistance improvements affordable for property owners by providing fixed-rate financing for 100% of the project and closing costs, repaid through an assessment on property tax bills.
Source: CSRE
June 12, 2017
Florida PACE Funding Agency Approved in West Palm Beach
The City of West Palm Beach has voted to approve the AllianceNRG ProgramTM, which serves the residential market, and the CounterpointeSRETM Program, which serves the commercial market, to provide Property Assessed Clean Energy (PACE) financing for property owners in the city’s incorporated area. PACE financing makes energy conservation and efficiency, renewable energy and wind resistance improvements affordable for property owners by providing fixed-rate financing for 100% of the project and closing costs, repaid through an assessment on property tax bills.
Source: CSRE
August 8, 2017
Counterpointe Sustainable Real Estate Dedicated Seismic Division
Selected by the City of San Francisco in 2015 as its partner to offer PACE financing for the Soft Story Retrofit Program, Counterpointe Sustainable Real Estate has gained expertise in financing seismic strengthening improvements through PACE. Creating a new dedicated Seismic Unit to offer financing throughout California, Oregon and other states, CounterpointeSRE joins with your local government to help property owners navigate their seismic projects.
Source: CSRE
August 8, 2017
Florida PACE Funding Agency Approved in Hernando County
Hernando County Board of County Commissioners voted to implement the Property Assessed Clean Energy (PACE) program for residents in the county’s unincorporated area. The program makes energy conservation and efficiency, renewable energy and wind resistance improvements affordable for property owners by providing fixed-rate financing for 100% of the project and closing costs, repaid through an assessment on property tax bills.
Source: CSRE
August 15, 2017
CounterpointeSRE Program Announces Financing for Green Roofs
Counterpointe Sustainable Real Estate, a leader in commercial real estate PACE financing, announced the launch of new nationwide financing program for the installation, service, and maintenance of Green Roofs and Living Roofs. This innovative new financing program will help property owners comply San Francisco’s new Living Roof Ordinance and is backed by property-tax assessments funding - known as Property Assessed Clean Energy (PACE) Financing.
Source: CSRE
August 16, 2017
AllianceNRG Program and CounterpointeSRE Program Approved in Palm Beach County, Florida
The Palm Beach County Board of County Commissioners voted to make the AllianceNRG ProgramTM and CounterpointeSRETM Program available throughout Palm Beach County. This approval comes on the heels of recent approvals for the Programs in Hernando County, Levy County (for the unincorporated area) and the cities of West Palm Beach, Delray and Palm Beach Shores. The Programs provide Property Assessed Clean Energy (PACE) financing for property owners.
Source: CSRE
August 29, 2017
New Financing Program Launched That Will Make It Easier for Building Owners to Implement and Maintain Green Roofs Across America
Green Roofs for Healthy Cities (GRHC), North America’s green roof and wall industry association, is pleased to announce Counterpointe Sustainable Real Estate, a leader in commercial real estate PACE financing has just launched a new financing program for the design, installation, service and maintenance of green roofs across the United States.
Source: Living Architecture Monitor
September 25, 2017
CounterpointeSRE Announces New Green Roof Financing Program at Gren Roofs for Healthy Cities Sponsored CitiesAlive: 15th Annual Green Roof and Wall Conference
Counterpointe Sustainable Real Estate rolled out their new Green Roof Financing program to help property owners finance green roof installation and maintenance at Green Roofs for Healthy Cities sponsored CitiesAlive: 15th Annual Green Roof and Wall Conference. Not only does the program finance the upfront costs of the installation, it also can finance all related work such as stairs, elevators and roofing structural work in addition to other energy efficiency and conservation improvements to the property.
Source: CSRE
May 18, 2018
Department of Energy to Feature CounterpointeSRE's Resiliency Programs
While Commercial PACE (C-PACE) is most widely known for its role in financing energy efficiency, C-PACE also provides low-cost, flexible capital to harden real estate against blackouts, hurricanes, earthquakes, and other natural disasters. To highlight the versatility of C-PACE. Michele Pitale of CounterpointeSRE, was recently featured in a U.S. Department of Energy (DOE) webinar on the role of C-PACE in sustainability and resiliency.
Source: CSRE
June 4, 2018
CounterpointeSRE's Green Roof Program to be Featured on PACENation's Webinar
Commercial PACE (C-PACE) financing is innovative low-cost way of funding 100% of energy efficiency and clean energy improvements for commercial real estate. This includes environmentally friendly and appealing upgrades such as green roofs. Green Roofs are an efficient way to provide storm water management, energy efficiency and other benefits to commercial real estate properties. In addition, Green Roofs advance public policy goals as a form of low impact development that helps reduce urban heat island effect, reduce pollution and many other benefits for communities.
Source: CSRE
June 14, 2018
Counterpointe Sustainable Real Estate Welcomes Pennsylvania to the C-PACE Family
On Tuesday, June 12, for the first time in 6 years, another state has approved a Commercial Property Assessed Clean Energy (C-PACE) program. It is only fitting that Pennsylvania has opted into C-PACE. Over 280 years ago, Benjamin Franklin and Philadelphia paved the way for the modern PACE program by being the first city to use a property tax assessment to fund a public service project – the Philadelphia fire department.
Source: CSRE
August 27, 2018
CounterpointeSRE completes the first Commercial PACE financing in Ingham County Michigan
Counterpointe Sustainable Real Estate (CounterpointeSRE) announced today that it has completed the first Commercial PACE (C-PACE) financing in Ingham County to finance a gut rehabilitation of the Orla H. Bailey buildings, formerly Belen’s Flowers at 515 Ionia Street in Lansing, Michigan, just two blocks from the state Capitol building. The two-building complex is being converted into energy efficient office and retail space that will include widespread energy efficiency and renewable energy generation upgrades including an electric vehicle charging station, solar panels and CHP (combined heat and power) unit.
Source: CSRE
September 13, 2018
CounterpointeSRE has expanded into Monroe County, Florida, to offer PACE Financing to Business Owners
Counterpointe Sustainable Real Estate is now offering its Property Assessed Clean Energy (PACE) financing to commercial property owners throughout Monroe County. CounterpointeSRE offers commercial property owners long-term, low-cost financing for energy efficiency, renewable energy and wind resistance improvements. The CounterpointeSRE Program is now available across 31 Florida counties, covering more than half the state’s population.
Source: CSRE
September 30, 2018
CSRE Announces Fall Webinar Series on C-PACE Financing
Counterpointe Sustainable Real Estate, the nation's leading provider of commercial Property Assessed Clean Energy (C-PACE) financing, today announced a series of webinars to help brokers, project developers and commercial real estate owners learn how C-PACE is being used to make commercial real estate more sustainable and resilient.
Source: CSRE
October 1, 2018
Counterpointe Energy Solutions Announces New Jurisdictions to Open to PACE
More and more cities and counties are choosing Counterpointe Energy Solutions Programs to offer PACE financing to their constituents. Since July 2018, there has been a rapid expansion in CounterpointeSRE’s market with 26 new jurisdictions joining the Program and many more expected to join during the fall.
Source: CSRE
October 5, 2018
HASRE Closes $10.5 million PACE for a Historic Landmark Property in Sacramento
Hannon Armstrong Sustainable Real Estate (HASRE) announces that it has closed a $10.5 million, 25 year, Commercial Property Assessed Clean Energy (C-PACE) financing for energy efficiency measures and seismic strengthening of a new Hyatt Centric Hotel in downtown Sacramento, California. Counterpointe Energy Solutions LLC acted as PACE Program Administrator for Hannon Armstrong Sustainable Real Estate's $10.5 million Commercial Property Assessed Clean Energy (C-PACE) financing for energy efficiency measures and seismic strengthening of a new Hyatt Centric Hotel in downtown Sacramento, California.
Source: CSRE
October 23, 2018
National Real Estate Investor: Eric Alini Talks About the ROI of Green Infrastructure Improvements
HASRE's Eric Alini talks about financial payoff for CRE in National Real Estate Investor in "What’s the Payback on Green Initiatives for Commercial Property Owners?"
Source: National Real Estate Investor
October 25, 2018
CounterpointeSRE adds unincorporated Miami-Dade County creating the largest PACE Financing footprint in Florida
Counterpointe Sustainable Real Estate is now offering its Property Assessed Clean Energy (PACE) financing to commercial property owners throughout unincorporated Miami-Dade County. CounterpointeSRE offers commercial property owners long-term, low cost financing for energy efficiency, renewable energy and wind resistance improvements. The CounterpointeSRE Program is now available across 31 Florida counties, covering almost 60% of the state’s population.
Source: CSRE
November 17, 2018
CounterpointeSRE Is Helping Preserve Resources And Make Energy Efficiency And Resiliency Improvements Affordable And Achievable For Businesses In Marion County
Starting in early 2015 some of the very first PACE projects in all of Florida were financed in Marion County through CounterpointeSRE and the Florida PACE Funding Agency. And Marion County continues to lead the way today. Two recent Marion County projects to take advantage of C-PACE are the Ocala Hilton and the Paddock Mall.
Source: CSRE
January 31, 2019
2019 Urban Land Institute Trends Conference Points to Sustainable Development
Urban Land Institute’s Trends Conference on January 30, 2019 highlighted the growth and positive trajectory of the Tampa region. Tampa Mayor, Bob Buckhorn welcomed the commercial real estate audience and lauded the city’s transformation from a region that previously “donated intellectual capital and talent to other regions” to one that is now supporting retention of talent and employment growth across industries.
Source: CSRE
June 28, 2019
NAIOP Central Florida Survey Reveals PACE as Key Component of Future Projects
In a recent survey, members of the National Association of Industrial and Office Parks (NAIOP) Central Florida chapter were asked a variety of questions about C-PACE (Commercial Property Assessed Clean Energy) financing and its ability to address several challenges facing commercial real estate owners and developers.
Source: CSRE
July 8, 2019
Counterpointe Sustainable Real Estate Closes $12 Million C-PACE Financing For "Tommie Hotel" Now Under Construction In Hollywood
Counterpointe Sustainable Real Estate announced today that it has closed a $12 million, 30-year, Commercial Property Assessed Clean Energy (C-PACE) financing through its Hannon Armstrong Sustainable Real Estate brand in support of the construction of the new Tommie Hotel, located between Hollywood and Sunset Boulevards in downtown Hollywood, California.
Source: CSRE
July 11, 2019
Chicago PACE Introduces Funding for Efficiency and Sustainability
Chicago PACE makes it possible for owners and developers of commercial properties to obtain low-cost, 100% financing for 20+ years for sustainability, renewable energy and energy efficiency infrastructure deployed in new or existing buildings. There are many financial and operational benefits that Chicago PACE provides to building owners, especially compared to traditional debt financing.
Source: Environmental Leader
July 17, 2019
Counterpointe Sustainable Real Estate Closes $1.79 Million PACE Financing For "Delta Hotels Marriott Cincinnati" Now Under Renovation In Ohio
Counterpointe Sustainable Real Estate (HASRE) announced that it has closed a $1.79 million, 15-year, Commercial Property Assessed Clean Energy (C-PACE) financing deal with LDI Management Company to support the renovation of a 237 key hotel in Cincinnati, Ohio. Originally built in 1963, the 13-story, 237 room hotel was purchased by LDI in 2016 and has operated as the Ramada Plaza. When upgrades are completed to the well-known hotel located next to the Sharonville Convention Center and attached to Splash Cincinnati, it will change brand flags and become the Delta Hotels Marriott Cincinnati per an agreement reached this year.
Source: CSRE
August 29, 2019
Counterpointe Sustainable Real Estate Announces Seminar Designed to Help Assisted Living and Nursing Home Facilities Catch Up with Mandatory Generator Rule
Counterpointe Sustainable Real Estate, a national leader in energy efficiency PACE financing, announced today a digital seminar designed to help more than 750 assisted living facilities and nursing homes in the state of Florida catch up with the mandate for backup generators. A deadline extension for the 2018 law, which followed Hurricane Irma, expired on January 1, 2019. The announcement comes at the onset of hurricane season and in the wake of recent reporting by the Naples Daily News and CBS Miami highlighting non-compliance with the mandatory generator rule.
Source: CSRE
September 6, 2019
CounterpointeSRE Announces Expedited Financing Process to help San Francisco Property Owners meet Fast-Approaching Mandatory Soft-Story Retrofit Deadlines
CounterpointeSRE, a national leader in energy efficiency PACE financing, announced today an expedited financing process to allow owners access to long-term, low-cost capital. The announcement comes as deadlines loom in San Francisco for compliance with the city’s mandatory Soft-Story Retrofit Program. The expedited funding program, called “C-PACE 1,” saves time by reducing the documents required from property owners.
Source: CSRE
October 11, 2019
Avoiding Free Fall: Modernize Your Elevators With C-PACE
Recent elevator safety incidents in Chicago and elsewhere have building owners (and tenants) looking at their own elevators and wondering if it’s time for an upgrade. While events like these should bring property owner’s attention to the safety of their lifts, there are many reasons to modernize elevators that don’t make headlines including reduced maintenance costs, occupant satisfaction and energy efficiency.
Source: CSRE
October 14, 2019
PACE Financing Fuels Renewables and Resiliency
The public program, available in more than 20 states, removes capital constraints for resiliency and energy-saving measures by providing long-term non-recourse private financing through special tax assessments. PACE is an option for financing hotel property improvement plans, renovations and brand conversions, and to fulfill obligations under franchise agreements. PACE has many advantages for the hospitality industry over other sources of CapEx, new construction or bridge financing.
Source: Hotel Business
November 12, 2019
Counterpointe Sustainable Real Estate Closes $3.7 Million C-PACE Financing For Expansion And Updates To Victoria Nursing And Rehab Center In Miami, Florida
Counterpointe Sustainable Real Estate (CounterpointeSRE) announced today that it has closed a $3.7 million, 20-year, Commercial Property Assessed Clean Energy (C-PACE) financing in support of the renovation of the Victoria Nursing and Rehabilitation Center, located two miles south of Downtown Miami. The CounterpointeSRE financed improvements to the property consist of multiple energy-efficient upgrades to the building’s HVAC as well as a new standby emergency generator coupled to the new HVAC systems. The later effort complies with Florida’s state law mandating backup power sources in nursing homes and assisted living facilities signed into law in 2018 by Gov. Rick Scott.
Source: CSRE
November 12, 2019
Suffolk County New York Sees First C-PACE Deal Close With CounterpointeSRE
Counterpointe Sustainable Real Estate, a national leader in renewable energy and energy efficiency PACE financing, announced today the closing of $507,000 in C-PACE financing for the development of a 102 KW solar array atop a mixed use industrial office in Commack, Long Island (NY). The project, developed by Excelsior Development of Queens (NY), will improve the insulation of the building’s 22,500 square foot roof and puts in place 280 solar panels projected to yield annual savings of greater than $16,000 per year. The project also qualified for a rebate of $15,000 from the New York State Energy Research and Development Authority (NYSERDA).
Source: CSRE
December 17, 2019
CounterpointeSRE Provides $21.25 Million In C-PACE Financing To The Prime Group, Inc. In The City Of Chicago's First Chicago PACE Transaction
CounterpointeSRE, announced today the closing of the first Chicago PACE program financing, which provided $21.25 million in private capital 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. The hotel will be operated as The Reserve Hotel and will be a member of Marriott’s Autograph Collection. The $21.25 million of PACE funding will support energy-efficient infrastructure investments at the new hotel including HVAC, windows, lighting, and elevator elements as well as water-conserving low-flow fixtures.
Source: CSRE
January 23, 2020
CounterpointeSRE Announces the Closing of $1.9 Million in C-PACE Financing for New Microtel in Gambrills, Maryland, Through Maryland Commercial PACE Program
Counterpointe Sustainable Real Estate (CounterpointeSRE), through the Maryland Commercial PACE program (MD-PACE), has closed $1.9 million, 20-year, Commercial Property Assessed Clean Energy (C-PACE) financing for energy efficiency and water conservation measures at the Microtel By Wyndham hotel development project in Gambrills, Maryland, by The Reliable Companies, a regional developer of commercial real estate.
Source: Newswire
January 23, 2020
Signs Of Durability In C-PACE Finance
Major movements in C-PACE market development occurred last year, as geographic areas opened in large East Coast and Midwest cities thanks to state enabling legislation and city-council adoption. In the fourth quarter of 2019, the first transaction in the Windy City closed, enhancing publicity for the alternative finance tool. CounterpointeSRE provided $21.25 million in C-PACE financing toward the capital stack, for redevelopment at the historic Continental and Commercial Bank Building, a Chicago Landmark.
Source: Forbes
February 13, 2020
Fairfax County Office Buildings Among top Sectors to Benefit from Newly Passed Environmental Legislation.
With more than 2.9 million square feet of office space under development and nearly $700 million in recorded office building sales during the first half of 2019, Fairfax County’s hot office market now has an opportunity to reduce some heat from an environmental perspective. The County announced today the launch of its Commercial Property Assessed Clean Energy (C-PACE) program, which provides for the private financing of energy-saving and sustainability improvements through special tax assessments.
Source: CSRE
April 1, 2020
CounterpointeSRE Announces Four Closings, Including a $14.5 Million C-PACE Financing of a New Multifamily Development, in Los Angeles
CSRE continues their commitment to sustainable real estate finance during a time of economic disruption, funding a new construction development and three seismic soft-story retrofits for multifamily properties in Los Angeles to end the first quarter.
The four PACE transactions were financed through the California Statewide Development Authority’s (CSCDA) Open PACE program. The largest of the transactions at $14.5 million is located at 2870 West Olympic Blvd in the Koreatown neighborhood of Los Angeles. The funding for the seven-story, 126-unit multifamily development will be used to directly support energy-efficient infrastruture investments throughout the building, including building envelope, interior lighting (LEDs), HVAC, low flow fixtures and high-efficiency DHW. Beyond closing these multifamily deals, CSRE is actively exploring how the firm can help provide financing to help office and other commercial properties prevent COVID-19 transmission, as well as add to the more than $56 million in capital it has provided to the healthcare sector in the last 9 months.
Source: Newswire
April 8, 2020
Resources for Public Health Infrastructure
Counterpointe’s team is currently working with healthcare providers, engineers and energy services professionals to considering how current legislation may be expanded to help healthcare and other commercial facilities respond to COVID-19 and future public health crises. We have received feedback from a wide range of our partners regarding potential legislative changes, specific technologies and facility improvements that can assist in the response to COVID-19 as well as future responses. CounterpointeSRE does not represent that any one of the below product suggestions represents a complete solution, rather we are sharing a summary of submissions for the sake of industry discussion and consideration.
Source: CSRE
May 6, 2020
Open and Closing
The disruption of business caused by COVID-19 is significant. CSRE is fortunate to be able to continue our work supporting energy-efficiency, renewable energy, and resiliency projects in commercial buildings. We not only have capital, but we are actively deploying it for both new projects and retrofits. In fact, since March 23, when the S&P reached its recent low of 2300, the CounterpointeSRE team has closed 9 C-PACE transactions totaling $16.5 million.
Source: CounterpointeSRE
May 18, 2020
Speaking of PACE: 4 Webinar Engagements of Interest
CounterpointeSRE team members are engaged in several webinars as May comes to a close. Topics range from PACE's role in the capital markets to resiliency finance in the post-COVID era, while webinar hosts include Bisnow, USGBC Florida, Green Roofs for Healthy Cities and PACENation. Registration links are included below.
Source: CSRE
May 29, 2020
PACE and HUD, Myth Busted: it's Possible
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.
Source: CounterpointeSRE
June 22, 2020
$5.5 Million C-PACE Financing for a New Multifamily Development in Greater Minneapolis
CounterpointeSRE continues commitment to sustainable real estate finance during a time of economic disruption. The $5.5 million in PACE financing brings the firm's total funding in the multifamily sector to greater than $20 million since mid-March 2020.
Source: CounterpointeSRE
July 8, 2020
Detroit Retrofit Models use of PACE for Green Roofs
Detroit Becomes Home to Michigan’s First PACE-financed Green Roof with $1 Million in Funding from Counterpointe Sustainable Real Estate. The green infrastructure, incentivized by DWSD’s Stormwater Infrastructure Plan and financed through the Lean & Green Michigan PACE program, is set to emerge along Detroit’s future Beltline greenway as the Letts Industries Building integrates itself into changing landscape.
Source: CounterpointeSRE
August 12, 2020
How Energy-Focused Financing Can Fill the Gap: Q&A
Eric Alini, the managing director at CounterpointeSRE, a firm that specializes in financing energy retrofits, spoke to Multi-Housing News about the specifics and benefits of C-PACE financing. He also discussed how this alternative finance tool focused on sustainability can fill in the gap and strengthen the capital stack.
Source: Multi-housing News
October 23, 2020
NYC PACE Program Rules Published for Comment with No Surprises
The New York City Department of Finance has published for public comment the proposed rules for the NYC PACE program, officially referred to as the “Sustainable Energy Loan Program.” The deadline for public comment is December 2, 2020, while the NYCEEC (program administrator) anticipates financing will become available in early 2021 according to a notification released yesterday.
Source: CSRE
November 2, 2020
CSRE Closes $13.7 Million in Mid-Construction Finance for SoCal Mixed-Use Multifamily Project
CounterpointeSRE announced today the closing of a $13.7 million Commercial Property Assessed Clean Energy (C-PACE recapitalization) transaction for a mid-construction 53-unit Class AAA luxury multifamily and retail project in Poway, California, a San Diego suburb. The project, commonly known as the “Poway Outpost,” is also supported by a $21 million construction loan.
Source: Newswire
December 15, 2020
CSRE Meets Need for New Construction Funding With $2.8 Million in C-PACE Financing for Assisted Living and Memory Care Development in Houston, TX
$2.8 million in Commercial Property Assessed Clean Energy (C-PACE) funding for a 108-bed senior housing community to be constructed at 15800 Longenbaugh Rd in Houston, Texas. The facility will include 74 assisted living units, 22 memory care units, and 12 independent living cottages, providing local access to quality senior housing and care in the Copperfield area.
Source: Newswire