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Institutional Real Estate Americas

July 1, 2015: Vol. 27, Number 7

PACE financing: A primer for real estate investment management professionals

Author: Robert Johnson Jr.

Property assessed clean energy, or PACE, is a new financing mechanism that works like a special assessment district bond, but one that benefits only a specific property. Using PACE, cities and counties promote on-site renewable-energy projects, energy-efficiency upgrades and, in some places, water-efficiency upgrades.

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