C-PACE Financing Gains Momentum as Developers Rethink Office Assets

Urban Land Institute (2026) | Underwriting, Financing, Capital Stack

C‑PACE financing is rapidly emerging as a pivotal tool for office‑to‑residential conversions, illustrated by Post Brothers’ $465 million C‑PACE loan enabling the transformation of two Connecticut Avenue office buildings into 530 apartments in Washington, D.C. Once considered niche and restrictive, C‑PACE has scaled dramatically: industry volume reached …