Nuveen Green Capital
Nuveen Green Capital is the C-PACE financing platform of Nuveen/TIAA, providing 20-30 year fixed-rate senior-lien capital for energy efficiency, water conservation, and resiliency upgrades on U.S. commercial real estate projects ranging from $5.5M to $465M.
- Company typePrivate
- Founded2015
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Nuveen Green Capital does
Nuveen Green Capital is the dedicated C-PACE (Commercial Property Assessed Clean Energy) financing platform of Nuveen, the investment management arm of TIAA. Founded in 2015 and headquartered in New York, the firm provides long-duration, fixed-rate capital — typically 20 to 30 years — to commercial real estate developers and property owners for energy efficiency, water conservation, renewable energy, and resiliency upgrades. C-PACE loans carry a senior lien priority position and can cover up to 35% of a project's total capital stack, displacing more expensive mezzanine debt or equity. Transaction sizes range from $5.5 million to $465 million, and the firm operates across more than 40 states through partnerships with state-level PACE administrators such as Lone Star PACE (Texas), DC Green Bank, and the Virginia PACE Authority.
The firm's core technology is the C-PACE financing structure itself, which attaches repayment to the property tax bill rather than the owner, enabling underwritten projects that combine senior construction loans with C-PACE to form complete capital stacks. Recent deployments span multifamily residential (JEM Private Residences Miami, Mohawk at Wynwood), hospitality and resorts (Cal Neva/Lake Tahoe Proper, Shenandoah Nature Resort, Home2 Suites Wasilla), healthcare (1201 Sycamore in D.C.), retail (Ashford Yard Houston), and office-to-residential conversions (Eighth & Main Richmond). Several of these represent the largest C-PACE-financed deals in their respective states' histories.
Revenue mechanics combine net interest income on C-PACE loans with arrangement and transaction fees for structuring financing packages alongside senior construction lenders. Distribution is enterprise field sales: the firm originates directly with sponsors and developers, then closes in partnership with PACE administrators and senior lenders (Bank Hapoalim, Banc of California, Northrim Bank, Abanca USA, Franklin Street). Nuveen Green Capital's parent Nuveen/TIAA provides institutional capital that enables transaction sizes well beyond what non-bank competitors can underwrite, while the firm's brand association accelerates institutional adoption of C-PACE among life insurers, pensions, and family offices.
Nuveen Green Capital firmographics
Firmographics- Name
- Nuveen Green Capital
- Legal name
- Nuveen Green Capital
- Website
- https://greencapital.nuveen.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Nuveen Green Capital is the C-PACE financing platform of Nuveen/TIAA, providing 20-30 year fixed-rate senior-lien capital for energy efficiency, water conservation, and resiliency upgrades on U.S. commercial real estate projects ranging from $5.5M to $465M.
- Ownership category
- akta.pro rank
Nuveen Green Capital industry classification
Industry- Product category
- Commercial Real Estate Financing
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799), Finance Lessors (6172)
- akta.pro primary industry
- Energy Efficiency & Green Retrofit Financing (FSALAHAK)
- akta.pro secondary industries
- Climate / Clean Tech & Decarbonization Funds (FSANAJAA), Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)
Keywords
Where Nuveen Green Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Nuveen Green Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- C-PACE Lending Interest: Nuveen Green Capital provides C-PACE financing to commercial real estate projects and earns interest income on the loans. The company also earns arrangement fees when structuring financing packages for developers.
- Financing Arrangement Fees: The company arranges financing between property owners and PACE administrators, earning fees for transaction facilitation and loan servicing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based C-PACE financing ranging from $5.5M to $465M per transaction |
Go-to-market motion1 record
Distribution channels1 record
Nuveen Green Capital product offering
Product offeringCore offering
Nuveen Green Capital provides C-PACE (Commercial Property Assessed Clean Energy) financing to commercial real estate developers and property owners. The company delivers long-duration, fixed-rate capital—typically 20 to 30 years—for energy efficiency, water conservation, renewable energy, and resiliency upgrades. C-PACE is structured with senior lien priority and can cover up to 35% of a project's capital stack, replacing more expensive mezzanine debt or equity.
Product overview
Nuveen Green Capital provides C-PACE (Commercial Property Assessed Clean Energy) financing as its primary product offering. The company specializes in long-duration, fixed-rate financing for energy efficiency, water conservation, renewable energy, and resiliency upgrades across commercial real estate asset classes including multifamily residential, office, retail, hospitality, and healthcare facilities. Nuveen Green Capital partners with state-level PACE administrators such as Lone Star PACE, DC Green Bank, and Virginia PACE Authority to administer C-PACE programs across multiple states, with transactions ranging from $5.5 million to $465 million. The company serves as a capital provider within the broader C-PACE ecosystem, often combining C-PACE financing with traditional construction loans to form complete capital stacks for real estate development and retrofit projects.
Differentiator
Problem solved
Functional benefit
Products and services
- C-PACE Financing (Commercial Property Assessed Clean Energy) C-PACE (Commercial Property Assessed Clean Energy) financing provides commercial real estate developers and property owners with long-duration, fixed-rate capital for energy efficiency, water conservation, renewable energy, and resiliency upgrades. Repayment is attached to the property rather than the owner, with 20-to-30-year fixed-rate terms and senior lien priority.
- Multifamily C-PACE Financing C-PACE financing tailored for multifamily residential developments, supporting energy-efficient building components, water systems, and sustainability upgrades in new construction and retrofit projects. Notable transactions include the $235M financing for JEM Private Residences (largest C-PACE-financed multifamily project in Florida) and the $124.2M financing for Mohawk at Wynwood.
- Mixed-Use C-PACE Financing C-PACE financing for large-scale mixed-use developments that combine residential, retail, and hospitality components, structured alongside traditional construction loans as part of the broader capital stack.
- Hospitality and Resort C-PACE Financing C-PACE financing for hospitality and resort properties, supporting energy efficiency upgrades including geothermal systems, HVAC, LED lighting, and water conservation measures. Notable deals include the $223M Cal Neva Hotel redevelopment in Nevada and the $65M Shenandoah Nature Resort in Virginia.
- Commercial Office C-PACE Financing C-PACE financing for commercial office properties, supporting HVAC upgrades, building automation systems, and energy efficiency improvements. The Las Colinas Office Tower ($5.5M) is a representative transaction supporting HVAC and automation upgrades.
Quantifiable outcome
- Ashford Yard retail development expected to reduce annual energy usage by 17% and water consumption by 76%
- +2 more outcomes
Companies that use Nuveen Green Capital
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Nuveen Green Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nuveen Green Capital partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- DC Green BankcoreDC Green Bank administered the $37.6 million C-PACE financing for 1201 Sycamore, a trophy outpatient medical facility in Washington D.C.'s Congress Heights neighborhood.
- Lone Star PACEcoreLone Star PACE partnered with Nuveen Green Capital on the $8 million C-PACE financing for Ashford Yard in Houston and the $5.5 million C-PACE financing for the Las Colinas Office Tower.
- Wellmore PartnerscoreWellmore Partners developed Shenandoah Nature Resort with $65 million C-PACE from Nuveen Green Capital - the largest clean energy financing deal in Virginia's history.
- Proper HospitalitycoreProper Hospitality partnered with Realberry on the $298 million redevelopment of Cal Neva Hotel into Lake Tahoe Proper Resort and Casino, supported by $223 million C-PACE financing from Nuveen Green Capital.
- Franklin StreetcoreFranklin Street arranged the $150 million construction financing package for Rilea Group's Mohawk at Wynwood development, which included $124.2 million C-PACE financing from Nuveen Green Capital.
- Naftali GroupcoreNaftali Group developed JEM Private Residences in Miami Worldcenter with $465 million financing including $235 million C-PACE from Nuveen Green Capital - the largest C-PACE-financed multifamily project in Florida.
- Rilea GroupcoreRilea Group developed Mohawk at Wynwood in Miami with $150 million financing including $124.2 million C-PACE from Nuveen Green Capital - the largest C-PACE-financed multifamily transaction in Florida.
- Virginia PACE AuthoritycoreVirginia PACE Authority administered the $38 million C-PACE loan for Douglas Development's Eighth & Main tower conversion in Richmond, the first project to use Virginia's C-PACE program in the city.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
Nuveen Green Capital competitors and assessment
Company assessmentDirect peers
- Petros PACE Finance: One of the largest dedicated C-PACE lenders in the U.S., directly competing with Nuveen Green Capital for commercial real estate developers seeking long-duration, fixed-rate green financing. Petros operates across similar state PACE programs and targets analogous asset classes including multifamily, hospitality, and office-to-residential conversions.
- Counterpointe Sustainable Real Estate: Direct C-PACE lender (formerly operating as Counterpointe Energy Solutions) focused on commercial real estate green financing. Competes head-to-head with Nuveen Green Capital on C-PACE originations, capital stack structuring, and institutional capital partnerships.
- CleanFund Commercial PACE Capital: Pioneer in the C-PACE industry and a direct competitor providing long-term, fixed-rate C-PACE financing for energy efficiency, water conservation, and renewable energy projects in commercial real estate. Operates across multiple state PACE programs in a similar geographic footprint to Nuveen Green Capital.
- PACE Equity Group: Direct C-PACE lender serving commercial property owners and developers with financing for energy efficiency and renewable energy improvements. Competes with Nuveen Green Capital on transaction structuring, terms, and institutional capital deployment in the C-PACE market.
Emerging players
- Accelerate Green Capital: Smaller C-PACE lender focused on commercial and multifamily green financing with a developing geographic footprint. Represents an emerging competitor in the C-PACE space that overlaps with Nuveen Green Capital's target market but at a more limited scale.
Broad incumbents
- Walker & Dunlop: Large commercial real estate finance company with a growing green financing platform. While not exclusively a C-PACE lender, Walker & Dunlop provides sustainable debt solutions to multifamily and commercial real estate developers, overlapping with Nuveen Green Capital's customer base in green-aligned capital stacks.
- JLL (Green and Sustainable Real Estate Finance): Global commercial real estate services firm that has expanded into green and sustainable real estate financing and advisory. While broader in scope, JLL competes in the sustainability-linked CRE capital advisory space that complements and overlaps with C-PACE origination channels used by Nuveen Green Capital.
Others
- C-PACE Alliance: Industry trade association representing C-PACE capital providers, administrators, and program sponsors. Nuveen Green Capital is a member/participant in this ecosystem, and the alliance shapes policy, standards, and market development that directly affect the company's addressable market.
- DC Green Bank: Washington D.C.-based green financing institution that administers C-PACE programs in the District. Functions both as a partner (administering Nuveen Green Capital deals like 1201 Sycamore) and as a capital provider in adjacent sustainable financing, making it an ecosystem participant and partial competitor.
Regional players
- PACE Funding Group: C-PACE lender operating in select regional markets, providing long-term fixed-rate financing for commercial green improvements. Operates with a more limited geographic footprint than Nuveen Green Capital but addresses the same customer base in shared markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Nuveen Green Capital social profiles
Digital presenceNuveen Green Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nuveen Green Capital leadership team
Management profileNumber of profiles
Profiles1 record
Nuveen Green Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nuveen Green Capital M&A and investment
M&A and investmentM&A
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nuveen Green Capital
What does Nuveen Green Capital do?
Nuveen Green Capital provides C-PACE (Commercial Property Assessed Clean Energy) financing to commercial real estate developers and property owners. The company delivers long-duration, fixed-rate capital—typically 20 to 30 years—for energy efficiency, water conservation, renewable energy, and resiliency upgrades. C-PACE is structured with senior lien priority and can cover up to 35% of a project's capital stack, replacing more expensive mezzanine debt or equity.
Is Nuveen Green Capital a public or private company?
Nuveen Green Capital is a private company. It is classified as corporate owned and is currently operating.
When was Nuveen Green Capital founded?
Nuveen Green Capital was founded in 2015. It employs 51 to 100 people.
Where is Nuveen Green Capital based?
Nuveen Green Capital is headquartered in New York, United States, in the North America region.
How does Nuveen Green Capital make money?
Two revenue lines are on record. C-PACE Lending Interest is the primary driver. The others are financing Arrangement Fees.
Who are Nuveen Green Capital's main competitors?
Direct peers on record are Petros PACE Finance, Counterpointe Sustainable Real Estate, CleanFund Commercial PACE Capital and PACE Equity Group. Accelerate Green Capital is listed as an emerging player. Broad incumbents are Walker & Dunlop and JLL (Green and Sustainable Real Estate Finance). Others are C-PACE Alliance and DC Green Bank. PACE Funding Group is listed as a regional player.
Does Nuveen Green Capital have an API?
No public API is recorded for Nuveen Green Capital.
What industry is Nuveen Green Capital in?
Nuveen Green Capital's product category is Commercial Real Estate Financing. Its primary akta.pro industry code is FSALAHAK, Energy Efficiency & Green Retrofit Financing, with a secondary code of FSANAJAA, Climate / Clean Tech & Decarbonization Funds. Its NAICS code is 5259 and its SIC code is 6799.