commentGreen Buildings Investment Fund Open for Business
The Hines CalPERS Green Development Fund has been capitalized with over $120 million in equity and leverage that will allow investments of up to $500 million.
Houston-based Hines Interests, one of the world’s largest developers, recently announced that the fund had already begun deploying capital toward its investment goal of developing high-performance office buildings certifiable through the U.S. Green Building Council’s LEED Rating System for Core and Shell Development.
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With its partners, Hines has already developed LEED-certified office buildings in Atlanta (1180 Peachtree) and Chicago (One South Dearborn) and recently began LEED pre-certified projects in Washington and California. California’s public pension fund, CalPERS, is the nation’s largest. Hines is online at www.hines.com. CalPERS is online at www.calpers.ca.gov.
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