DALLAS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Nuveen Green Capital, a leader in sustainable commercial real estate financing solutions, in conjunction with Lone Star PACE, a leading administrator of Texas' C-PACE programs, has facilitated $21.9 million in C-PACE financing for Ironwood at Princeton. This new Class-A multifamily community is planned for 599 W. Princeton Drive in the rapidly growing DFW suburb of Princeton, Texas.

The 265,000-square-foot development will feature 306 units spread across 14 buildings at full build-out. The property owner is using Commercial Property Assessed Clean Energy (C-PACE) financing to fund critical energy and water-saving measures.

C-PACE-funded improvements include high-efficiency building envelope features, HVAC systems, LED lighting, domestic hot water systems, and low-flow plumbing fixtures. These upgrades are expected to reduce the property's annual electricity and water usage by 25% and 20%, respectively, significantly lowering utility costs and enhancing the asset's long-term value.

Sean Ribble, Senior Director of Originations at Nuveen Green Capital, said: "We were thrilled to partner with the Sponsor and Lone Star PACE to capitalize this exciting new project in the fast-growing city of Princeton. By leveraging C-PACE to complete their mid-stream construction capital stack, the Sponsor will realize meaningful savings while building sustainably and providing the ...