C-PACE is a public-private partnership that provides capital to increase building energy efficiency and to improve the systems and physical structure of commercial real estate properties. C-PACE is levied as a special assessment in the property records and repayments are made via an assessment on a property tax bill. C-PACE is currently available in more than half of the nation’s states, plus the District of Columbia, and is rapidly gaining legislative momentum in many more. C-PACE can finance building improvements for efficiency, renewable energy, and resiliency projects that contribute to energy and water savings. Applicable costs include, but are not limited to, heating/cooling HVAC improvements, interior and exterior lighting, building controls, windows, and in many instances, water efficiency measures. Light to heavy renovation, gut rehab, adaptive reuse, and ground-up development projects may all utilize C-PACE to improve capital efficiency and create a more effective capital stack.