Hannon Armstrong, Counterpointe expand C-PACE partnership
Hannon Armstrong, in conjunction with its partner, CounterPointe Sustainable Real Estate, or CSRE, announced an expanded strategic alliance operating as Hannon Armstrong Sustainable Real Estate, or HASRE, designed to leverage CSRE's relationships, real estate expertise, and comprehensive knowledge of commercial property assessed clean energy, or C-PACE, programs and the company's efficiency and renewable energy finance expertise. The two companies previously announced a partnership in December 2016. Available in 33 states plus D.C., C-PACE programs enable owners of commercial, industrial and multifamily properties to obtain low-cost, long-term financing for energy efficiency, water conservation, renewable energy and hazard mitigation projects. Real estate owners can benefit from an immediate increase in cash flows and building value by reducing energy costs while financing 100% of the retrofit. CSRE also provides turnkey solutions for these programs to municipalities, program managers and administrators through a cutting-edge web-based platform for originating, underwriting, funding and servicing PACE assessments and bonds.