ANNAPOLIS, Md., April 19, 2018 /PRNewswire/ -- Hannon
Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE:
HASI), in conjunction with its partner, CounterPointe Sustainable
Real Estate LLC (CSRE), announced an expanded strategic alliance
operating as Hannon Armstrong Sustainable Real Estate (HASRE),
designed to leverage CSRE's relationships, real estate expertise,
and comprehensive knowledge of Commercial Property Assessed Clean
Energy (C-PACE) programs and the Company's efficiency and renewable
energy finance expertise. The two companies previously announced a
partnership in December 2016.
"The focus of HASRE will be major developers, owners and
property managers of significant office buildings, hotels,
multi-family housing and other commercial real estate assets," said
Jeffrey Eckel, President & CEO.
"We look forward to continuing our leadership position in the
C-PACE market, putting capital to work in upgrading commercial
infrastructure that simultaneously creates jobs, increases
productivity and reduces a building's use of fossil fuels."
"This has been a winning relationship from the start – for CSRE,
Hannon Armstrong and commercial
property owners across the country," said Eric Alini, Managing Partner, HASRE/CSRE.
"Together, we will be able to provide owners of commercial
properties the financing and project expertise needed to make
crucial energy efficiency and clean energy improvements."
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.
The only NYSE publicly listed "green REIT," Hannon Armstrong defines sustainability as
having a positive impact on the environment by being neutral or
negative on GHG emissions. In keeping with this definition, every
Hannon Armstrong project is screened
for GHG reductions and other environmental benefits, such as water
use reduction, as part of the investment evaluation process. In
2017, Hannon Armstrong invested
approximately $1 billion in
sustainable infrastructure projects, which are estimated to reduce
annual carbon emissions by 530,000 metric tons.
About Hannon
Armstrong:
Hannon
Armstrong (NYSE: HASI) is a capital and services provider to
the sustainable infrastructure markets, focused on reducing climate
changing greenhouse gas emissions ("GHG" or carbon emissions) as
well as mitigating the impact of, or increasing resiliency to
climate change. Our goal is to generate attractive returns for our
stockholders by investing capital in assets that generate
long-term, recurring and predictable cash flows or cost savings
from proven technologies. We also provide services to the various
partners and counterparties in the markets where we invest. Our
management team has extensive relevant industry knowledge and
experience, dating back more than 30 years. With scientific
consensus that climate warming trends are linked to human
activities and resulting in various extreme weather events, we
believe our firm is well positioned to generate better
risk-adjusted returns by investing in the assets, and providing
services to the firms, that reduce carbon emissions. Further, with
increasing weather-related events affecting certain areas of our
markets, we see similar investment and services opportunities in
infrastructure assets that mitigate the impact of, and increase the
resiliency to, these weather events and climate change. We are
based in Annapolis, MD. For more
information, please visit: www.hannonarmstrong.com.
About CounterPointe Sustainable Real
Estate:
CounterPointe Sustainable Real Estate (CSRE) is a
green energy finance company primarily focused on Property Assessed
Clean Energy (PACE). CSRE targets the origination of PACE financing
for all types of commercial real estate. Its affiliate,
CounterPointe Energy Solutions provides turnkey solutions for PACE
programs to municipalities, program managers and administrators
through a cutting-edge web-based platform for originating,
underwriting, funding and servicing PACE assessments and
bonds. For more information, please visit
www.counterpointesre.com.
Contact: Investor/Media Relations
Phone:
410-571-6189
Email: investors@hannonarmstrong.com
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital,
Inc.