#United States #Darien #Nuveen Green Capital #C-PACE #Jessica Bailey

Nuveen Green Capital Celebrates 10 Years of Innovation

Nuveen Green Capital (NGC), a prominent player in sustainable commercial real estate financing, is excited to celebrate its 10-year anniversary this January. Founded in 2015, the company has made significant strides in the C-PACE (Commercial Property Assessed Clean Energy) financing sector, transforming it from a niche offering to a cornerstone of commercial real estate finance.

Milestones and Achievements

The company's journey began when Co-founders CEO Jessica Bailey and Chief Investment Officer Alexandra Cooley joined forces at the Connecticut Green Bank in 2012. They recognized the urgent need to decarbonize the built environment and spearheaded the nation's first C-PACE program. This initiative laid the groundwork for NGC's current successes.

Over the past decade, Nuveen Green Capital has achieved remarkable milestones:

• - Acquisition and Growth: In 2021, the firm was acquired by Nuveen, a trillion-dollar asset management subsidiary of TIAA, marking the first institutional acquisition of a C-PACE company.
• - National Expansion: NGC played a crucial role in expanding C-PACE policy nationwide, assisting in its implementation across 40 states and Washington, D.C.
• - Securitization Leadership: The firm completed the industry's first rated securitization of C-PACE assets in 2017 and went on to achieve the largest 144A securitization of C-PACE assets in 2021.
• - Innovative Financing Programs: A recent collaboration with CDPQ led to the launch of a new financing program that combines C-PACE solutions with senior debt for sustainable commercial developments.
• - Sustainable Impact: NGC has originated over $3.3 billion in C-PACE financing for 677 projects, leading to an estimated lifetime carbon reduction of 2,186,860 metric tons and preserving an astounding 622,767,849 gallons of water.

Commitment to Sustainability

NGC’s commitment to promoting sustainable practices is evident through its funded projects, which have made a significant positive impact on the environment. The carbon savings achieved are equivalent to what 2,194,550 acres of forest can sequester annually.

Jessica Bailey expressed pride in the team’s accomplishments, noting, “While we are proud of our successes, we are most proud of the positive impact we’ve had on the C-PACE landscape and the environment. This was only possible through the collaboration between public and private sectors.”

Alexandra Cooley added, “Looking forward, we're excited to continue innovating our financial products and solutions to enhance community resilience and investor returns.”

Looking Ahead

As NGC embarks on the next decade, the firm is planning various initiatives to commemorate this milestone year. Their focus will remain on further expanding their innovative financing solutions, promoting sustainability, and maintaining a commitment to impact-driven finance.

With their journey spanning ten years filled with growth and milestones, Nuveen Green Capital is not just marking an anniversary but is paving the way for a more sustainable future in commercial real estate financing. As they continue to innovate and lead in the C-PACE market, they remain resolutely focused on creating lasting change that benefits both communities and the environment.

About Nuveen Green Capital

With over $3 billion originated, Nuveen Green Capital stands as a national leader in sustainable commercial real estate financing solutions. As an affiliate of Nuveen and a wholly owned subsidiary of TIAA, the company embodies a legacy of leadership and expert knowledge in the C-PACE sector, committed to promoting environmentally friendly practices while supporting the real estate industry.