Aquarian Real Estate Partners (AREP), the real estate investment arm of Aquarian Holdings, and PACE Equity announced the first closing under their integrated senior construction and commercial property-assessed clean energy (C-PACE) solution for the Jefferson Ownsby Complex, a 436-unit, class A garden-style multifamily community in Celina, Texas, north of the Dallas-Fort Worth metro region. Designed by national multifamily developer JPI, the development is financed with a senior construction facility from advisory clients of AREP and $23.5 million in C-PACE financing from PACE Equity.
The combined structure provides a stretch-senior execution at below-market blended terms, enabling JPI to fund the project with its existing balance sheet. This transaction represents AREP’s first closing since its launch on Oct. 1, 2025.
"We value the opportunity to have worked with AREP and PACE Equity on our 436-unit project in Celina, Texas, which allowed us to utilize a turn-key C-
