Investing in a green future

We are a top capital provider for property assessed clean energy

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Inland Green Capital is an environmental finance and investment company. It provides capital for PACE project initiatives throughout the country. In addition to our enthusiasm for PACE from a business perspective, Inland is excited to provide leadership in advancing the energy-efficiency and sustainable movement sweeping the country.

PACE stands for Property Assessed Clean Energy, a new way for commercial and residential property owners to finance energy efficiency measures for their properties. Whether it is energy efficiency upgrades, renewable energy projects, water conservation, or hurricane mitigation, PACE offers 100% funding through local and state governments, and is repaid through an assessment on the property only for a term up to 20 years. The benefits of PACE can include no up-front cash investment, long-term financing, and no payoff upon sale since PACE assessments remain with the property for the next owner. Most importantly, the program promotes sustainability efforts in the real estate industry.

Inland Green Capital is a member of The Inland Real Estate Group of Companies, Inc. (Inland) which is one of the nation’s largest commercial real estate and finance groups. Inland has been creating, developing and supporting real estate related companies for 50 years. It is comprised of a group of separate legal real estate investment and financial companies with managed assets with a book value in excess of $16.4 billion, doing business nationwide. Inland companies cumulatively employs over 1,000 people. In its history, Inland has raised more than $22 Billion in capital from more than 478,000 investors. Inland is headquartered in Oak Brook, IL and has the distinction of being the 2009, 2014 and 2017 Better Business Bureau Torch Award Winner for Ethics in the Marketplace.

INLAND GREEN CAPITAL—PACE

Inland Green Capital is currently an investor in PACE bonds through various subsidiaries. To date, we have purchased PACE bonds from program administrators in California and are listed as an approved capital provider with several other PACE programs. We do not have a limit of allocated capital for PACE and are focused on the continuing success of PACE throughout the country. We are actively looking to deploy capital for PACE and other environmental initiatives.

Inland Green Capital views this investment not only from a business perspective, but also as an opportunity to demonstrate leadership in the real estate community regarding energy efficiency and sustainability initiatives. Adding energy saving improvements will help save on utility costs, improve property values, and benefit the environment. Whether it is helping administrators starting or expanding PACE programs or purchasing private placement PACE transactions, Inland Green Capital is committed to supporting energy efficiency measures throughout the real estate industry.

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https://www.rejournals.com/ieca-closes-illinois-first-commercial-pace-financing-deal-20191029

 

The Illinois Energy Conservation Authority NFP (IECA) closed the first commercial Property Assessed Clean Energy (C-PACE) financing deal in Illinois on August 30, 2019, totaling $318,000. This transaction, which will fund a roof replacement and solar photovoltaic (PV) system in Wood Dale, Illinois, also marks the first solar C-PACE financed project in the state.

The C-PACE capital is funding a new roof and solar PV upgrades for an approximately 23,800-square-foot industrial flex space located on over 1.5 acres in Wood Dale. The building is owned and occupied by Noland Sales Industries, a floor-covering contractor serving the Chicagoland area. Noland Sales Industries secured a 25-year term and is expected to receive annual utility savings of $15,311, aside from any other tax incentives or utility or manufacturer rebates.

“To have a program that allows significant improvements and ‘green’ alternatives without putting more strain on our corporation has been remarkable,” said Donna McCaleb, chief financial officer of Noland Sales Industries. “The incentives of the C-PACE program will directly impact our bottom line by giving us more liquidity, improving our carbon footprint and adding value to our building.”

The solar PV system will be installed by Bright Life Renewable Energy, LLC, based in Naperville, Illinois. With more than 15 years of solar experience, Bright Life initiated the C-PACE application with their client through the IECA.

“This is the first C-PACE deal we have been involved in, as we were drawn to the great benefits the program provides,” said Rick Akins, president of Bright Life. “We estimate that clients will save up to 100 percent of their current energy usage, and since there is minimal out-of-pocket cost up front, cash flow to their business can be greatly enhanced.”

Recently introduced in Illinois, C-PACE is an innovative financing tool that provides low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects on commercial properties. PACE financing is currently available in 36 states. From 2009 to 2018, PACE programs have funded 1,934 qualifying projects for a total of $883 million, while also creating over 12,000 jobs. The adoption of the PACE program by the DuPage County Board makes DuPage County one of the first C-PACE programs in Illinois.

“We are thrilled to be the first to conduct this historic solar C-PACE financing deal in DuPage County,” said Mark Pikus, president of IECA. “The IECA is uniquely positioned to assist Chicagoland commercial real estate owners in establishing successful C-PACE programs that will support greater economic development activity, as well as contribute to developing high performing buildings through installation of energy efficiency and clean energy technologies.”

The IECA is a not-for-profit organization that was formed out of a commitment to bring C-PACE program administration to the Chicagoland area.

The Better Business Bureau of Chicago & Northern Illinois (BBB) is honored to announce this year’s award winners and new board members activated at its 92nd Annual Dinner held on Thursday, March 7, 2019 at the Swissotel Chicago. With over 600 attendees, the event featured the globally acclaimed Dev Patnaik, CEO of Jump Associates and one of the leading voices for Conscious Capitalism, as the keynote speaker.

Jump Associates is a strategy and innovation firm that works with some of the world’s most admired companies, including GE, Nike, Target and Virgin. Dev is a frequent speaker at business forums, and his articles have appeared in numerous publications, including Businessweek, Forbes, and Fast Company, and is the author of the widely acclaimed book “Wired to Care.”

 Distinguished awards that were presented include:

Torchbearer of the Year Award to Daniel Goodwin. As Chairman and CEO of The Inland Real Estate Group of Companies, Inc., Dan oversees a business that specializes in creating, developing and supporting separate real estate investment and financial companies. His passionate focus on ethics in business led to The Inland Real Estate Group of Companies winning the coveted Better Business Bureau Torch Award for Marketplace Ethics three times in the last eight years.

  • Diogenes Award for Excellence in Media to Zully Ramírez. Zully works as a reporter for Telemundo Chicago’s consumer unit. “Telemundo Chicago Responde” was launched in 2015 and offers Spanish speaking consumers a direct opportunity to have their concerns investigated. Through her mediations and investigations, she has helped consumers in the Chicago area and suburbs recover nearly a half million dollars. 
  • The James E. Baumhart Lifetime Achievement Award to Dale J. Mueller, the Chairman of Chicago AAMCO Transmission Dealers. Dale is the owner and operator of eight AAMCO Transmissions and Car Care operations, and Midas auto repair centers in Chicagoland. Since starting his business in 1967 he has won numerous awards from both franchises for excellence in sales and customer service. He has been a member of the Better Business Bureau since 1986, currently serves on the Board of Directors and is Chair of the Ethics and Standards Committee.

“All of our award recipients exemplify the goals and principles of the Better Business Bureau to support and foster an ethical marketplace benefiting both consumers and businesses,” says Steve J. Bernas, president & CEO of the BBB.

The dinner also included the addition of several top business leaders to the Board of Directors. In alphabetical order they are:

  • David J. Abrams | Sales Manager, Windy City Limousine & Bus Worldwide.  As a premier transportation company providing worldwide services, David’s business was voted “Best Transportation Provider in Illinois” nine times in the past ten years by peers in the hospitality industry. 
  • Rich Baudo | Vice President of Sales for Comcast Spotlight Chicago.  Since 2017, Rich has been the Vice President of Sales for Comcast Spotlight Chicago, the advertising sales arm of Comcast Cable. He leads a team of 50 local and regional sales professionals in the Chicago market. 
  • Ed Connealy | Connealy Design Element.  Started in 2016, Connealy Design Element provides consultation to the local Architect and Design community and drives sales for some of the industry’s most beautifully designed products. 
  • Victoria Garofalo | Vice President, Director of Marketing at Pan American Bank & Trust Responsible for the bank’s marketing activities, Victoria oversees the development and delivery of a fully integrated marketing strategy. 
  • Susan Jacobs | SVP Revenue Strategy, Tribune Publishing.  In her current role at Tribune Publishing, Susan leads revenue and sales strategy across nine major markets, including Chicago Tribune, NY Daily News, Baltimore Sun, Orlando Sentinel, Ft. Lauderdale Sun Sentinel, Hartford Courant, Allentown Morning Call, Virginia Pilot, and Newport News Daily Press. 
  • Juan Leyva | General Manager, LondonHouse Chicago.  Juan manages a team of over 300 employees and oversees day-to-day operations at the 452-room luxury lifestyle hotel in downtown Chicago. 
  • Natalie Bauer Luce | Executive Vice President for Culloton Strategies.  Natalie has developed and executed award-winning integrated marketing and communications campaigns. She’s an executive at a media communications and strategy firm that specializes in media relations, crisis communications, public affairs and grassroots campaigns. 
  • Roger T. Stelle | Founding Partner, Meltzer, Purtill & Steele LLC.  With a law practice focused on the representation of closely-held companies, including succession issues and the pursuit of both growth and exit strategies for their principals, Roger is a founding member of one of the largest suburban-based law firms in the Chicago metropolitan area with offices in both Schaumburg and Chicago. 
  • Walt Valo | Managing Director, Lucid Agency.  As Managing Director of Lucid Agency’s Chicago office, Walt Valo focuses on new business development and leading integrated digital marketing strategies that drive business growth for a variety of Fortune 500 clients.

PNC Bank was the presenting sponsor for this this year’s Annual Dinner. This year’s gold sponsor was Inland Real Estate Group of Companies. Silver sponsors included ComEd, Discover Financial and Fox Valley Auto Group.

Other major announcements at the Annual Dinner included:

  • The 2019 BBB Educational Foundation’s scholarship contest for high school seniors and colleg