Summary
Cityscape Star Apartments is a 120k-square-foot luxury multifamily community located in the vibrant Cedars neighborhood of Dallas, adjacent to the 27-acre City Park. The recently completed 116-unit property boasts a range of high-end amenities, including panoramic skyline views, a rooftop lounge, pet services and a fitness center.
Opportunity
Nuveen Green Capital provided $9 million in C-PACE financing to recapitalize key energy efficiency measures for the Cityscape Star Apartments. By leveraging C-PACE’s cost-efficient capital for the property post-completion, the Sponsor was able to replace expensive preferred equity and increase returns.
