PACE Equity is pleased to announce that Ron Adachi has been promoted to the newly created position of Vice President of Hospitality. Ron brings 15 years of experience in commercial real estate brokerage, real estate development, hospitality and EB-5 financing to the team. In his new role, Ron oversees hospitality strategy and assists his local market leaders on the West Coast nationally with related projects and generating and nurturing leads.
“In the upcoming months, my aim is to extend our reach nationally and collaborate with our local market leaders and their respective hospitality development and renovation projects,” said Adachi. I am looking forward to the opportunity to expand PACE Equity’s hospitality value proposition nationally.
“Ron brings a unique skill set as a developer, broker and entrepreneur with deep relationships with hotel developers, brands and investors,” said Beau Engman, Founder of PACE Equity. “With PACE Equity’s growing success as the market leader in PACE financing with new build construction and renovation projects, we felt the timing for a focused effort in the fastest growing segment, hospitality, was perfect. Ron has been with PACE Equity since 2018 covering the West Coast and will now be leading hospitality nationally.”
Ron earned his undergraduate degree from the University of California, Berkeley in Economics and International Business and his Executive MBA from the University of Hawaii at Manoa before relocating back to California. During Ron’s career, he has worked on projects and transactions in excess of $7.5 million.
About PACE Equity
PACE Equity is the leading Property Assessed Clean Energy (PACE) funder of commercial real estate development projects in the U.S. PACE Equity is a resourceful addition to the capital stack to boost return on investment while making commercial buildings more sustainable through clean energy efficiencies. PACE Equity has unmatched expertise in new commercial construction, having completed the first new construction projects in several asset classes and completed the first PACE funded projects to utilize Historic and New Markets Tax Credits. PACE Equity has a local presence in 20 markets and can fund projects on a national basis.
What is PACE?
PACE, which stands for Property Assessed Clean Energy, is a simple and effective way to finance energy efficiency, renewable energy and water conservation upgrades to commercial buildings. PACE can pay for new heating and cooling systems, lighting improvements, solar panels, water pumps, insulation and more. It can be used for almost any property – commercial, industrial, multifamily, non-profit and agricultural. PACE facilitates building improvements that result in utility savings to be funded by private capital and repaid via a long-term tax assessment. The program is designed to break down longstanding barriers to energy efficiency and to promote job creation through economic development.