Post written by Rob Shear, CEO of PACE Sage Capital, LLC
PACE Sage Capital is getting ready to close the first PACE projects in Nebraska after the company was instrumental in the passage of the Legislature’s Nebraska PACE Act and then a City of Omaha Ordinance creating the first PACE District in Nebraska (Eastern Nebraska Clean Energy Assessment District – ENCEAD).
“The response to the new economic development tool for developers and commercial property owners in Omaha has been well beyond our expectations”, said Rob Shear, CEO of PACE Sage Capital. “The commercial real estate community has embraced PACE and I plan to personally build the market in Omaha for our company for the foreseeable future.”
The City of Omaha as the PACE Administrator has been great to work with and the Mayor’s Office and the City Council have been very supportive of our efforts.
We look forward to bringing our financial product of long-term, low cost, fixed rate and Non Recourse financing in the equity stack to a plethora of building retrofits and upgrades and Re/development projects in the Omaha area market.
We also look forward to establishing PACE Districts in other municipalities in Nebraska in the near term.