The enterprise clean energy platform

Lumen Energy is conducting solar feasibility studies of Nuveen Real Estate’s entire U.S. portfolio, a diverse collection of more than 1,500 properties across geographies and building types. Lumen’s unique technology allows us to meet our portfolio-wide feasibility goal well ahead of schedule. More important, Lumen will hand our PM teams actionable solar financing offers for every viable asset, empowering them to deploy on-site clean energy at scale.

Lumen is our trusted clean energy partner. What sets Lumen apart is a singular focus on optimizing value for the building owner. And critically for us, Lumen is agnostic to capital structure – if we want to self-finance, take on CPACE debt, or get third party PPAs – Lumen’s platform allows us to advance our clean energy strategy with speed and confidence.

ESG is redefining what it means to thrive in real estate. We chose to lead. Lumen’s platform powers our new renewable energy vertical.

We know solar can be accretive to a growing number of properties as a clean energy solution. We were very pleased to discover a way to quickly install solar on qualified multifamily properties and see immediate savings both in our property management costs and for our residents' utility bills — all for $0 CapEx.

After carefully reviewing multiple options, we decided to partner with Lumen Energy for Greystar’s Ltd. properties. With Lumen’s support, we’re confident we can efficiently equip all Ltd. properties with solar power, without slowing down our rapid scaling plans. Greystar is proud to lead on sustainability, but we also know that solar is cheaper than grid energy in an ever-increasing number of locations. We look forward to improving our operations, providing value for our tenants, and generating returns for our investors via this initiative.