Luminia Finances ESG Upgrades for Gables Residential
Sustainability solutions finance company Luminia has agreed to deliver its flexible financing platform for the installation of sustainability improvements at several Gables Residential apartment communities in California. Gables will leverage San Diego-based Luminia’s financial structures to install solar carports and EV charging stations.
The solar system allows Gables residents the ability to access solar power at a cost less than utility company electricity, while covered carport parking and EV chargers increase resident satisfaction and retention.
“Gables Residential has focused on being an industry leader in sustainability efforts. Adding solar power generation is the next step to increasing our use of renewable energy in a way that makes economic sense for our resident and investors,” said Gables CEO Sue Ansel.
“Working hand-in-hand with Gables to develop a customized solution based on their needs, we were able to create a blueprint that could apply to communities across their nationwide portfolio in the future,” said Luminia co-managing partner, Jim Kelly.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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