Webinar: Picking up the Texas PACE
Tuesday, May 25, 2021USGBC Texas, AIA Houston and Texas PACE Authority invite you to an interactive discussion about the Texas PACE program. Join our panel of subject matter experts as they provide an overview of the Texas PACE program, a market recap, and a deep dive into recent projects.
Webinar presented in conjunction
with Texas PACE Authority and AIA Houston
12:00 - 1:00 PM
Login information provided prior to event
Property Assessed Clean Energy (PACE) is a powerful financial tool that incentivizes Texas property owners to upgrade facility infrastructure with little or no capital outlay. Approved by State legislation and established by local governments, TX-PACE programs enable owners to lower their operating costs and use the savings to pay for eligible water conservation, energy efficiency, resiliency, and distributed generation projects. Owners gain access to private, affordable, long-term (typically 10-20 years) financing that is not available through traditional funding avenues. Over the last 6 years, $146,000,000 has been invested in projects ranging from $74,000 - $25,000,000.
Registration is required. Instructions will be emailed to all registrants beginning May 21
Dub Taylor, Chief Operating Office, Texas PACE Authority and Nick Craig, Partner, Stonecreek Real Estate Partners
Dub Taylor, Chief Operating Office, Texas PACE Authority
Dub Taylor joins, the Texas PACE Authority after 21 years as the director of the Texas State Energy Conservation Office (SECO). Under his leadership, SECO helped the state make the most of domestic energy, reduce state and local government energy costs and promote cost-effective clean energy technologies. Prior to joining SECO, Taylor’s public sector experience includes six years with the Texas Railroad Commission’s Alternative Fuels Research and Education Division. Taylor’s private sector experience was focused in commercial real estate, property appraisal and property tax consulting. He is a native of Dallas and graduate of the University of Texas at Austin.
Nick Craig, Partner, Stonecreek Real Estate Partners
Nick Craig possesses an in-depth knowledge of all aspects of real estate development and investments, including market & site identification, contract negotiations, vision & design oversight, financial analysis, valuation, and securing capital. These skills started with his education at Texas A&M University and have been honed with over 14 years of experience in commercial real estate development and investments. He co-founded StoneCreek Real Estate Partners, LLC with Joe Geer in 2013 with an initial focus on the front-end tasks including financial feasibility analysis, entitlements, capital structuring, bank coordination, and deal book production. His roles since inception have grown to include all aspects of real estate development and asset management. During his time with StoneCreek, he has led the team responsible for the acquisition and development of over $140MM in assets with a combined value projected to exceed $230M.
Prior to StoneCreek, Nick worked closely with Geer at INCAP Fund, where he designed intricate financial models for project analysis, led market research, and completed deal books. He worked on a team responsible for managing a portfolio of real property valued at more than $80 million and was charged with the deployment of institutional and private fund capital to perform land acquisition, demolition and development projects.
Before getting into commercial real estate, Nick began his real estate career as a Landman in the oil and gas exploration industry. He worked with multiple private companies to research mineral ownership through title records and other methods as well as negotiating the terms for mineral rights acquisitions and leases.
Nick is a devoted family man to his wife, whom he met in first grade. Together they raise and three boys and stay active within their church. He holds a Bachelor of Science, minor in business, and a Master of Real Estate from Texas A&M University. Developing and investing in projects which serve their communities well are top priorities for Nick.