Chad Blevens from Repower Holdings discusses their unique approach to financing energy improvement projects in commercial real estate. Repower Holdings aims to provide capital for energy improvement projects that are part of larger real estate deals, offering an equity position in the overall asset. This approach aligns the interests of the energy improvement provider and the real estate investor, driving trust and collaboration. The strategy is applicable to various asset classes and regions, with a focus on high energy use intensity and regions with higher energy costs. Repower Holdings plans to start deploying capital in Q1 and expects to have a balanced portfolio across asset classes and regions.
Takeaways
- Repower Holdings provides capital for energy improvement projects in commercial real estate, offering an equity position in the overall asset.
- Their unique approach aligns the interests of the energy improvement provider and the real estate investor, driving trust and collaboration.
- The strategy is applicable to various asset classes and regions, with a focus on high energy use intensity and regions with higher energy costs.
- Repower Holdings plans to start deploying capital in Q1 and expects to have a balanced portfolio across asset classes and regions.
Chapters
00:00 Introduction and Overview
00:57 Repower Holdings' Concept and Objectives
03:23 Equity Position in Real Estate Deals
07:10 Repower Holdings' Differentiation
09:32 Partnership with Correlate Energy
10:29 Expanding Financing Options 11:57 Equity Financing vs. PPA Financing
13:23 Focus on Ground-Up Development and Value-Add Projects
16:00 Case Study: Energy Retrofit of a 1970s Vintage Apartment Complex
20:51 Importance of Energy Efficiency in Real Estate
22:16 Energy Efficiency Challenges and Low-Hanging Fruit
24:35 Alignment of Interests and Trust
26:32 Fundraising and Deployment Timeline
28:20 Target Market and Product Types
30:11 Balanced Portfolio Approach
34:04 Long-Term Viability of the Strategy
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This podcast is sponsored by Kahr Real Estate Services (https://www.kahrrealestate.com/), a leading provider of in-person and online financial training for the commercial real estate industry.
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