Fund Invests $650 million in Emerging Market for Green Retrofits of Aging Buildings

A consortium formed by Richard Branson announced that it will provide $650 million for commercial real estate energy retrofits and upgrades for properties located in Miami-Dade County, Florida, and Sacramento, California.

A consortium formed by Richard Branson announced that it will provide $650 million for commercial real estate energy retrofits and upgrades for properties located in Miami-Dade County, Florida, and Sacramento, California.

Read , which was published in CoStar Group’s weekly online newsletter.

Stephen R. Blank joined ULI in December 1998 as Senior Fellow, Finance. His primary responsibilities include: expanding ULI’s real estate capital markets information and education programs; authoring real estate capital market commentary; participating as a principal researcher and adviser for the Emerging Trends in Real Estate series of publications; organizing and participating in real estate capital markets programs at ULI events worldwide; and participating in industry meetings, seminars, and conferences. Prior to joining ULI, Blank served from December 1993 to November 1998 as Managing Director, Real Estate Investment Banking of Oppenheimer & Co., Inc. His responsibilities included: structuring, underwriting, and executing corporate financings including initial public offerings of common and preferred shares, unsecured debentures, and convertible bonds; property acquisitions, dispositions, and financing; and financial advisory services including mergers and acquisitions, corporate restructurings, and recapitalizations.
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