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DALLAS, TX – Transcend Equity Development
Corp., flexing its muscle in the energy efficiency
sector, is courting investors with a new fund
to raise at least $100 million of equity to retrofit
commercial real estate assets in the U.S.
J. Stephen Gossett, president of the Dallas-based
company, said the emerging energy efficiency
market is a "green" opportunity now
being sized up by institutional investors, many
of who are sitting on the sidelines with capital
to deploy. If Gossett reaches the fund's goal,
Transcend Equity, with leverage, will have $300
million to invest into large-scale energy renovations
for commercial real estate.
"The market has changed dramatically. There
is a rush of pent-up capital to invest in green
projects, particularly energy efficiency," Gossett
said. "The energy efficiency market is just
starting to balloon and there's nowhere near
enough product to satisfy the equity demand."
