Texas PACE Authority (TPA), in partnership with Imperial Ridge Real Estate Capital and Tarrant County, is proud to celebrate a rare and meaningful milestone: the closing of three TX-PACE projects in a single day, all for the same repeat property owner. With these transactions, the owner now brings their total TX-PACE investments to five separate properties, reflecting an exceptional long-term commitment to building performance, sustainability, and continued reinvestment along Fort Worth’s West Vickery corridor.

While multiple same-day closings are notable on their own, what makes this milestone truly unusual is the owner’s consistent reinvestment across five separate properties, several of which include solar energy systems. Even more distinctive, each of these transactions qualifies as a “small project” in the PACE world, underscoring the flexibility of TX-PACE as a financing solution for incremental, neighborhood-scale redevelopment.

Jill Turner Black, property owner, said, "Witcher Properties is pleased with our latest PACE loan closing."  One of our small business tenants, Swiss Pastry Bakery, has been our tenant for 52 years. They are a small, family-owned business that is cherished in Fort Worth. They have celebrity status at the holidays with their Black Forest Cake and so many tasty sweets. We are grateful to be able to offer them a wide variety of energy efficient improvements while keeping their rent below average."

---

Three New Closings, One Day, One Vision

The three newest TX-PACE projects further expand the owner’s sustainability-driven strategy:

3973 & 3991 W. Vickery Blvd., Fort Worth, Texas
These two properties will receive:

• Solar PV Systems
• LED Lighting Upgrades

3936 W. Vickery Blvd., Fort Worth, Texas
This property will undergo a more comprehensive scope of improvements, including:

• Solar PV System
• LED Lighting
• HVAC Replacement
• Domestic Hot Water Heater Replacement
• Window Tinting
• Low-Flow Plumbing Fixtures
• Insulated Ceiling Tiles

Together, these improvements will significantly reduce energy and water consumption, improve tenant comfort, and extend the useful life of each building—while also lowering ongoing operating costs.

---

Building on a Proven Track Record

This milestone builds upon two previously completed TX-PACE projects by the same owner:

• 2023 | 3613–15 W. Vickery Blvd., Fort Worth, Texas
  The owner’s first TX-PACE project included a new roof and a PV solar system, establishing the foundation for a long-term performance and resiliency strategy.
• 2025 | 3950 W. Vickery Blvd., Fort Worth, Texas
  Earlier this year, the second project closed with a $231,000 TX-PACE financing, supporting high-efficiency lighting, HVAC upgrades, building envelope enhancements, and solar installation.

With five completed and in-progress TX-PACE projects, this portfolio demonstrates how repeating “small” improvements across multiple properties can generate compounding economic and environmental benefits for both owners and tenants.

---

Consistent Capital Partner: Imperial Ridge Real Estate Capital

All five TX-PACE transactions were financed by Imperial Ridge Real Estate Capital, providing continuity of execution and a steady source of private capital for community-based redevelopment.

“This is a great example of how C-PACE financing can support sustained reinvestment at the neighborhood level,” said Mark Boyer, CEO of Imperial Ridge Real Estate Capital. “By financing multiple small projects over time, this owner has been able to modernize buildings, improve operating efficiency, and strengthen the West Vickery corridor without over-leveraging any single asset. That kind of disciplined, long-term approach is exactly what C-PACE was designed to support and we proud to be a part of these projects.”

---

Tarrant County’s Role in Enabling Reinvestment

Through the Tarrant County TX-PACE Program, the County continues to play an essential role in enabling private investment that strengthens the local tax base, modernizes aging building stock, and improves energy resilience—without the use of public funds.

Dexter Sykes, City of Fort Worth, Small Business Specialist shared, "Property owners hoping to make energy-efficient improvements to their facility should definitely explore whether TX-PACE financing makes sense for their project. Their long-term, low-cost financing options can be especially useful when modernizing more historic commercial, industrial or multifamily buildings, or if property owners are looking to lessen their building's environmental impact." 

---

Small Projects, Big Collective Impact

Individually, these projects may be considered small by TX-PACE standards. Together, they represent:

• Expanded solar generation
• Reduced utility and maintenance costs
• Improved tenant comfort and building performance
• Extended asset lifespan
• Long-term corridor revitalization
• And sustained private reinvestment in Fort Worth

This growing portfolio illustrates the true power of TX-PACE: a repeatable, scalable financing tool that supports long-term stewardship of the built environment, one property at a time.

---

About Texas PACE Authority (TPA)
Texas PACE Authority (TPA) is the nonprofit administrator for more than 100 local TX-PACE programs across Texas. TPA helps commercial, industrial, and multifamily property owners access long-term, fixed-rate financing for energy, water, and resiliency upgrades that reduce costs, improve building performance, and strengthen communities. Working alongside cities, counties, lenders, and contractors, TPA has facilitated more than $600 million dollars in new private investment statewide.

Previously Completed West Vickery Projects: