Financing Supports Transformation of One of Atlanta's Most Iconic Properties as Downtown Repositions for Future Growth

Peachtree Group announced the origination of $56.4 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the recapitalization and redevelopment of The CTR (“Center”), the former CNN Center, one of the most recognizable commercial properties in downtown Atlanta.

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Peachtree Group announced the origination of $56.4 million in C-PACE financing for the recapitalization and redevelopment of The CTR (“Center”), the former CNN Center (pictured).

The financing supports the ongoing transformation of the approximately 1 million-square-foot mixed-use destination, one of the largest urban redevelopment and repositioning projects currently underway in Atlanta. The project includes the revitalization of the property's expansive retail atrium, the installation of large-scale digital media displays, the modernization of building systems and the preparation of office space for future tenants. C-PACE financing is being utilized to fund eligible improvements, including HVAC systems, glazing, lighting, plumbing infrastructure, LED media displays and related project costs.

“This financing demonstrates how C-PACE has evolved into a powerful capital solution for large-scale redevelopment projects that are remaking cities and repositioning landmark assets for the future,” said Jared Schlosser, head of originations and C-PACE for Peachtree Group. “The CTR is not only one of Atlanta's most recognizable properties, but also one of the most important redevelopment opportunities in the Southeast. We are proud to provide financing that supports the property's next chapter and contributes to the continued revitalization of downtown Atlanta.”

Located at the center of Atlanta's Sports and Entertainment District, The CTR is undergoing a major redevelopment led by CP Group. The property, directly connected to State Farm Arena, MARTA and the Omni Hotel, sits steps from Mercedes-Benz Stadium, Centennial Olympic Park, the Georgia World Congress Center, Georgia Aquarium and the rapidly evolving Centennial Yards district.

The transaction highlights the growing role of C-PACE financing in urban redevelopment projects. Originally created to help fund energy-efficient building improvements, C-PACE has become an increasingly popular financing tool for property owners seeking long-term, fixed-rate capital while reducing the amount of equity or other higher-cost financing needed for a project.

“Today's commercial real estate market doesn't need more opinions. It needs more solutions,” said Greg Friedman, CEO and managing principal of Peachtree Group. “Higher-for-longer interest rates, tighter liquidity and a wave of upcoming debt maturities have fundamentally changed the market. Success today requires more than capital. It requires experience across origination, underwriting, servicing and asset management. That's where Peachtree's integrated platform is built to deliver solutions for borrowers, investors and partners.”

“Redevelopments of this scale require creative capital solutions,” Schlosser said. “C-PACE is proving to be an effective tool for helping sponsors modernize properties, bridge capital gaps and position assets for long-term success.”

The financing marks another significant Atlanta-area investment for Peachtree Group, reflecting the firm’s commitment to supporting the transformation of some of the region's most prominent commercial real estate assets.

“Atlanta continues to attract investment, population growth and corporate expansion, creating opportunities to reimagine many of the city's most important properties,” Schlosser added. “Peachtree is proud to play a role in shaping the future of Atlanta through transformative projects that enhance the city's competitiveness, strengthen downtown and support long-term economic growth.”

About Peachtree Group

Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.

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Peachtree Group announced the origination of $56.4 million in C-PACE financing for the recapitalization and redevelopment of The CTR.