Nuveen Green Capital partnered with repeat sponsor, North Town Partners, to provide $10.6 million in C-PACE financing as part of the $55 million project cost for a planned seniors housing community in Sheboygan, Wisconsin. C-PACE will be utilized to fund key energy and water efficiency measures. By leveraging C-PACE’s accretive capital, North Town Partners was able to fill a gap in its capital stack, lowering its overall project costs.
The project is being jointly developed by DMK Development Group, North Town Partners and Charter Senior Living. Charter Senior Living Sheboygan will comprise 182 independent living, assisted living and memory care units. The community will stand three stories tall, and total 191,000 square feet.
