It has become increasingly evident to those in the commercial real estate industry that improving building energy performance and making other sustainable and green improvements can impact property values and balance sheets. To some degree, building owners find themselves caught in a 'Catch 22' situation. On one hand, buildings that are slow to adopt these changes and implement green retrofits and more efficient operations are seen as being at a competitive disadvantage in the market. On the other hand, lenders willing to finance such green improvements are few and far between.
How do stakeholders in this profit-driven industry go about financing these building improvements in an uncertain economy?
Read more...Financing Green Part I: Funding Energy Efficient Retrofits and Overcoming Uncertainty - CoStar Group
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