Press Release Samas Funding
March 21, 2020
By Mark Allan Aarvig
Samas Asset Management is launching it first fund, SAMAS FUNDING PACE FUND, LLLP, Series 2020. The closed-end fund will invest in a diversified portfolio of property-assessed clean energy (“PACE”) bonds associated with commercial real-estate properties. PACE bonds are issued by municipal and state government programs in 36 states and the District of Columbia designed to encourage investment in clean energy technologies through property-tax offsets. Due to their specialized nature, PACE bonds offer much higher yields than comparable municipal or corporate bonds.
Samas Asset Management, LLC (“SAM”) will be responsible for sourcing PACE bonds for the Fund to acquire. The Fund will represent a competitive advantage for SAM and its affiliates in that they will be able to cut-out financial intermediaries and offer wider access to government agency PACE programs for commercial real estate owners, better PACE financing terms and service to commercial real estate customers, and higher returns to Fund investors.
SAM is an affiliate of SAMAS Capital LLC (“Samas Capital”), which was founded in 2010 in Irvine, California to provide capital markets financing solutions for commercial real estate owners seeking to utilize PACE Programs. The Samas entities represent the first large-scale commercial PACE origination platform in California and are now the largest standalone commercial PACE origination platform in the U.S.
Additional information can be found at the Samas Asset Management website: http://www.samas-am.com/
Investors seeking information about the fund should contact either Todd Traskos at firstname.lastname@example.org 305-342-4720 or Dan Castro at email@example.com or firstname.lastname@example.org 646-703-1315