SolaREIT™ Closes Largest Lease Acquisition in Massachusetts with The A.D. Makepeace Company


Deal Entails 125+ Acres of Land in Massachusetts with 31+ MW of Photo voltaic

Hello Bob,

SolarREIT continues to do attention-grabbing work within the photo voltaic land financing area—the newest information beneath.

Let me know if you wish to speak to Laura and the group. SolarREIT can provide financing choices to builders which are extraordinarily useful right this moment.

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greatest,

Sam

917.447.2657

SolaREIT™ Completes Largest Lease Acquisition in Massachusetts with AD Makepeace Firm

Deal Entails 125+ Acres of Land in Massachusetts with 31+ MW of Photo voltaic

VIENNA, VA. and WAREHAM, MA.—SolaREIT™, a photo voltaic actual property funding fund, has closed a lease buy for greater than 125 acres of land with 31.46 MW of photo voltaic. The deal, with AD Makepeace Firm, North America’s largest cranberry grower and the most important non-public property proprietor in japanese Massachusetts, is SolaREIT’s largest in Massachusetts. SolaREIT™, launched in late 2020, represents a brand new photo voltaic land financing mannequin, giving landowners sturdy choices for financing and deploying their land to host photo voltaic farms.

“Photo voltaic aligns with our firm’s core values ​​and respect for the earth. SolarREIT is a good companion to work with as a result of their course of is straightforward and environment friendly,” mentioned James Kane, President and CEO of AD Makepeace Firm. “Respect for the setting guides every part we do at AD Makepeace Firm and our photo voltaic installations are an essential a part of that.”

“We’re proud to work with AD Makepeace on their photo voltaic tasks. They’re one of many oldest, most revered companies in Massachusetts—however photo voltaic is just not their major focus. Our group works with them to maximise worth of their leases , which is able to host photo voltaic for the subsequent 30+ years,” mentioned Laura Pagliarulo, President of SolaREIT™.

The demand for clear vitality is growing and photo voltaic tasks profit native communities and the setting. Nonetheless, photo voltaic improvement is commonly land and capital intensive. SolarREIT™ companions with photo voltaic builders and landowners to supply quite a lot of choices for profiting from photo voltaic improvement on their land. SolarREIT’s sensible, streamlined choices for photo voltaic land financing present most flexibility primarily based on purchasers’ particular person wants, monetary objectives, and imaginative and prescient for his or her land.

For extra data: https://www.solareit.com
About SolaREIT™: SolaREIT™, primarily based in Vienna, Virginia, focuses on making investments within the acquisition, improvement, and administration of climate-friendly photo voltaic property that assist the transition to a low -carbon economic system. We purpose to supply distinctive merchandise to purchasers whereas producing engaging returns for our traders. For extra data, please go to www.solareit.com.

About AD Makepeace Firm
The 168-year-old AD Makepeace Firm is North America’s largest cranberry grower, the most important non-public property proprietor in japanese Massachusetts, and a acknowledged chief in environmentally accountable actual property improvement and stewardship. Go to admakepeace.com for extra data.



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