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 the complete article, 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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