Palmetto launches seventh sustainable property fund
Palmetto, a solar and smart-home company based in Charleston, S.C., has launched its seventh investment fund and first U.S.-based limited partnership fund.
The vehicle will focus on the acquisition of residential properties, followed by the integration of clean technology into those properties in order to lessen their operational cost and environmental impact. The properties are subsequently leased for long-term, inflation-hedged income. Palmetto began this strategy in 2012 and has scaled it across multiple metropolitan markets.
Palmetto’s prior six funds have been Europe-based, where Palmetto was founded in 2009. In 2012, Palmetto relocated its headquarters to Charleston, S.C., to reposition itself as a vertically integrated operator active at the cross-section of the property and clean technology industries.