Just days after winning awards for green development and leasing from the US Department of Energy Better Building Alliance, Regency Centers is asking investors to put their money where their sustainable heart is.
The company has sold $250 million in “green bonds,” to be used to develop or invest in centers that are environmentally friendly. It is the first nonbank corporate borrower in the United States to do so. The monies will be used to fund either entirely or in part, the acquisition or construction of “green” retail centers. The 3.75 percent unsecured notes are due in June 2024.
“We are committed to sustainability, and this was an opportunity to support that market,” Regency CFO Lisa Palmer told The Wall Street Journal.
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