Skip to main content
Moderator

Mr. Chris Robbins

GreenRock Capital LLC

Chris Robbins is the Co-Founder and Managing Principal of GreenRock, bringing more than a decade of leadership in the commercial PACE (C-PACE) industry along with earlier founder, C-suite, and management experience across the energy finance, internet, and infrastructure sectors. He began his career in commercial real estate in San Francisco after college, which laid the foundation for his transition into sustainable finance and capital markets. At GreenRock, Chris co-leads the firm's national origination, advisory, and financing efforts and is widely regarded as a knowledgeable and trusted leader in the C-PACE industry. Prior to founding GreenRock, he spent six years as a Principal at Appian Capital, where he directed the firm's capital strategy, business development, and origination platform. A recognized industry authority, Chris is frequently invited to speak at leading conferences and organizations including the Mortgage Bankers Association (MBA), Western States CREF Conference, NAIOP, the Urban Land Institute (ULI), and the Building Owners and Managers Association (BOMA). He has served in leadership roles across multiple councils and boards, including ULI Americas Redevelopment and Reuse Council, ULI Americas Content and Program Committees, Executive Committee of the Northern California Real Estate and Development Council for City of Hope. He is also a past board member of PACENation and NAIOP SF Bay Area. Chris earned his Bachelor of Arts degree from Trinity College in Hartford, Connecticut.

Speaking at

Wed Nov 05 10:30 AM — 11:30 AM (GMT-08:00) Pacific Time Moscone West - Level 2, 2006-2008

C-PACE: A Creative, Sustainable Way to Reinvigorate Downtowns Across the United States

In every central business district across the United States, leaders are pushing for new ideas to reimagine vacant office buildings. Those buildings are crucial to the long-term health of all major cities—especially when they can pay their property taxes and not burden the city's residents with that hefty expense. Financing quickly becomes the deciding factor of whether the renovation is possible. That's where C-PACE financing can be the answer. The panel will discuss three ways that C-PACE can support the reimagining of office buildings for success. Capitalization: A C-PACE loan enabled a new property owner to leverage previous investments, amortize over 30 years, and bring down the total debt. In another loan, the C-PACE financing reduced the senior and mezzanine debt and minimized the amount of equity needed to close the capital stack. Acquisition: For two different office buildings, the C-PACE loan was a crucial component in the change of ownership and became an important part of the plan to reposition those assets. C-PACE brought down the cost of capital from other sources while also financing improvements to bring the property back to life. Conversion: A 197,692-square-foot office building is being converted to 178 apartments using a $15.8 million C-PACE loan, which will save $1,193,271 annually.