News
SolaREIT™ Announces $15 Million Revolving Credit Facility with Atlantic Union Bank
SolaREIT™, a solar real estate investment fund, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $15 million of liquidity, and will allow SolaREIT™ to continue to scale the business and efficiently use its securitization facility established in 2021 with Nuveen/TIAA CREF.
A Season of Reflection
At SolaREIT this holiday season, we’ve been reflecting on the past two years since our founding and eagerly planning for the future. We are proud of our achievements and incredibly grateful for our steadfast partners and dedicated, growing team.
SolaREIT™ Closes Largest Lease Acquisition in Massachusetts with The A.D. Makepeace Company
SolaREIT™, a solar real estate investment fund, has closed a lease purchase for more than 125 acres of land with 31.46 MW of solar. The deal, with A.D. Makepeace Company, North America's largest cranberry grower and the largest private property owner in eastern Massachusetts, is SolaREIT's largest yet in Massachusetts.
SolaREIT™ Closes on $12 Million in Land Deals with Norbut Solar Farms
SolaREIT™, a solar real estate investment fund, has executed agreements totaling $12.2 million for solar land with developer Norbut Solar Farms. The deal involves four projects across 500+ acres of land in New York on which are sited more than 84 megawatts (MW) of community solar.
Case Study: Pro-Tech and Prospect14 use SolaREIT™ land financing in development of a 20 MW solar project
In 2021 two leading solar developers partnered with SolaREIT to execute on a land purchase option pre-NTP. SolaREIT purchased 186 acres of land in Franklin County, Pennsylvania for $2 million in the development stage, allowing Pro-Tech and Prospect14 to continue developing their 20MW solar project.
Using Solar Land to Help Weather Higher Tariffs
Land is often an underutilized asset in improving project economics, and at a time when solar companies are trading over pennies, SolaREIT offers developers capital solutions that can help offset the cost of increased module pricing and project delays.
SolaREIT™ Closes 350 Acres in Land Deals Across Five Solar Projects with TPE Development LandCo
SolaREIT, a solar real estate investment fund, has purchased a portfolio of land assets underneath solar projects from TPE Development LandCo, a land holdings business that directly supports TurningPoint Energy's community solar development business nationally.
SolaREIT Announces Close of $100 Million Solar Lease Securitization with Nuveen
Largest securitization ever in mid-sized and commercial solar land sector by a REIT: Investment provides much needed liquidity to solar developers and landowners
SolaREIT Closes on $2 Million Pennsylvania Land Deal
Deal Involves a 20 MW Solar Project in Pennsylvania
Now’s the time for solar landowners to take advantage of 1031 exchanges
Solar landowners who want to reap major tax benefits from 1031 exchanges should move quickly.
SolaREIT™ Closes on $4.2 Million in Land Deals with Delaware River Solar
SolaREIT, a solar real estate investment fund, has executed nine agreements with solar developer Delaware River Solar. The deal involves $4.2 million in solar land transactions, more than 241 acres of land, and 25 megawatts (MW) of community solar projects in New York state.
SolaREIT™ Expands Leadership Team
Solar Real Estate Investment Fund Announces Laura Klein as CFO/COO and Jeff Gorman as SVP of Business Development.
Currents Podcast: Norton Rose Fulbright
Laura Pagliarulo, president of SolaREIT, joins us to talk about ways to reduce project costs in clean energy projects. We discuss how SolaREIT works with landowners and developers on land acquisition and lease monetization, the types of investors it has, the liquidity it is providing landowners, at what stage SolaREIT buys the land or lease, how it interacts with financing parties and more.
SolaREIT™ Introduces Pre-Paid Lease
New option offers up-front payment to landowners: Expanding financing options for solar developers and landowners, SolaREIT, a solar real estate investment fund, is introducing their Pre-Paid Lease allowing solar developers to provide landowners with up-front payment for up to 30-years of lease payments.
Solar Maverick Podcast
In this episode of the Solar Maverick Podcast, Benoy talks with Laura Pagliarulo who is the President and Co-Founder of SolaREIT invests in land for solar developments through land acquisitions, lease monetization, and project re-powering.
Industry Vets Form Solar Site Investment Fund SolaREIT™
SolaREIT, a solar real estate investment fund, is officially launching after securing its first round of capital. The company represents a model in financing solar land that provides more options to compensate landowners for utilizing their land to host solar farms.