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TRANSWESTERN PARTNERS WITH ALTUS POWER TO EXPLORE DECARBONIZATION OPPORTUNITIES
Efforts Focused on Industrial Real Estate Assets in Southern California
(NOV. 8, 2023 – DALLAS) – Transwestern Investment Group (TIG®) and Altus Power, the leading commercial-scale provider of clean electric power, today announced an exclusive strategic partnership to explore the development and construction of solar arrays and battery storage solutions for a subset of TIG’s industrial real estate properties, furthering Transwestern’s commitment to its stated ESG objectives.
Through this partnership, which aligns with TIG’s pledge to foster sustainable investing, the companies plan to evaluate opportunities for solar projects across 24 industrial and logistics properties totaling more than 8.2 million square feet. In addition to the building-sited, locally generated solar power, Altus Power and TIG will explore implementing battery storage and fleet electric-vehicle charging infrastructure. In concert, these initiatives aim to improve investors’ net operating income and make the assets more attractive to existing and prospective tenants.
“Our partnership with Altus Power highlights our commitment to deliver on sustainability objectives and drive value for our investors as well as prospective tenants,” said Gary Jaye, Chief Investment Officer of TIG. “As a market leader, Altus Power will help us identify and implement solutions for our industrial assets that are both environmentally sustainable and fiscally responsible.”
“The United States is seeing huge growth in renewable energy, and buildings are at the center of this clean energy revolution,” said Lars Norell, Co-Founder and Co-CEO of Altus Power. “Through our fully integrated business model, Altus will present opportunities to streamline the deployment of clean energy solutions across a portion of TIG’s growing industrial portfolio while aiming to deliver savings on clean electric power, reducing TIG’s overall carbon footprint and increasing the net operating income of the portfolio.”
Altus Power recently developed an AI-powered comprehensive software-as-a-service platform to deliver clean power usage insights to clients as they strive to achieve ambitious net-zero goals. TIG properties with new solar arrays would be among the first to access the platform, allowing users to monitor savings from each solar asset and measure carbon emitted.
About Altus Power
Altus Power, based in Stamford, Connecticut, is the leading commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit altuspower.com to learn more.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is a real estate investment adviser with $5.0 billion of assets under management. The firm serves a broad range of institutional and high-net-worth investors with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for investors across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.