LARKSPUR, Calif./Chicago – October 11, 2022 – Veteran commercial real estate professional Jared Rothgeb recently joined GreenRock Capital LLC (GreenRock) as its director of underwriting. Rothgeb has more than 15 years of experience underwriting real estate acquisitions and debt financing across all real estate asset classes. Prior to joining GreenRock, he managed the central region multifamily underwriting team for Freddie Mac’s small balance loan program.
“We are very fortunate to have such an experienced industry professional as Jared join the GreenRock team,” said Chris Robbins, managing principal of GreenRock. “He has a wide breadth of knowledge across all asset classes and significant experience working with institutional owners.”
Rothgeb also has previous experience in acquisitions for Ventas, a publicly traded healthcare REIT. His earlier experience included 10 years at LaSalle Bank and Bank of America underwriting construction and bridge loans for institutional real estate investors. Rothgeb graduated from Michigan State University with a B.A. in finance and an MBA from the University of Chicago Booth School of Business.
This hiring comes on the heels of a string of GreenRock’s latest financings; most recently, a C-PACE senior living transaction in Tennessee, the first C-PACE deal to close in that state. In addition, the firm closed a $103 million C-PACE transaction for Chinese Hospital in San Francisco earlier this year. The Chinese Hospital deal was the largest single C-PACE transaction in PACE industry history, and the first to combine both taxable and tax-exempt financing in the same transaction.
C-PACE is a financing mechanism that allows owners and developers of commercial and healthcare properties to access low-cost, long-term financing for efficient building improvements including seismic and other resiliency measures. The financing is repaid through a property assessment payment paid through the term of financing.
About GreenRock Capital LLC
GreenRock delivers C-PACE financing to owners, developers and tenants in the commercial and healthcare real estate markets. GreenRock’s PACE solutions enable real estate owners to fund new construction, conversions, building improvements or recapitalize projects, all while supporting ESG goals. GreenRock principals have closed more than $400 million of C-PACE financings to date. GreenRock is also the sole provider of H-PACE™, a PACE solution solely for the healthcare sector. Contact Joe Euphrat, jeuphrat@greenrockhc.com, or Chris Robbins, crobbins@greenrockhc.com, for more information.
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Contact: Lisa Brown
Marketing Director, GreenRock
lbrown@greenrockhc.com
925.577.0340
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