Sustainability Financing REIT Expanding into Commercial SectorREIT.com, January 15, 2014
Jody Clark, vice president of Hannon Armstrong Sustainable Infrastructure Capital, (NYSE: HASI), joined REIT.com for a video interview at NAREIT’s 2014 Leader in the Light Working Forum held in San Francisco, Calif.
Hannon Armstrong provides equity and debt financing for sustainable infrastructure projects. It went public as a REIT in April 2013.
Clark explained that the Internal Revenue Service (IRS) issued a ruling in 2013 confirming that Hannon Armstrong could elect REIT status. The company has a 32-year history in energy efficiency financing, she noted, but in the past has largely concentrated on the federal market. Hannon Armstrong is now expanding into the municipal and hospital sectors, among others, as well as the commercial arena and universities and schools.