Case Studies

Summary 

The Office of Statewide Health Planning and Development (OSHPD), instituted guidelines that required several Hospitals owned by a national REIT to undergo seismic retrofits prior to January 2030. The hospitals also had planned HVAC and electrical upgrades. 

The Opportunity

Rather than entering into a short-term loan for the improvements, the owner used PACE financing which allowed them to amortize the cost of the improvements over a 25 year term.