PearlX, Cal Solar Partner on Installation at Murrieta Complex
PearlX, an energy infrastructure and capital partner to multifamily owners and developers, and Cal Solar Inc., California’s largest multifamily new construction solar financier, developer and design/builder, have partnered on a $4.5-million solar power and battery system for the first phase of a new 451-unit multifamily project under construction in Murrieta.
In conjunction with Cal Solar, the project’s development, engineering, procurement and construction partner, PearlX will provide residents at the community with a clean energy amenity that will decrease energy costs and lower their carbon footprint, the two companies said.
“We’re delighted to be bringing high-tech solar amenities to this project alongside Cal Solar Inc. to future-proof this community against rising energy costs,” said Phillip Forrester, senior director of sales at PearlX. “Our solar and battery systems will help to bring down utility bills for residents while providing Greystar with an additional stream of long-term revenue through our leasing program.”
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout