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Alternative Assets  + Real Estate  | 
SolaREIT Secures $200M Debt Facility from SLC Management 

SolaREIT Secures $200M Debt Facility from SLC Management 

SolaREIT has entered into a long-term financing agreement with SLC Management, the institutional fixed income and alternatives arm of Sun Life Financial, establishing a $200 million debt facility to support land financing solutions for solar and battery energy storage system (BESS) developers across the U.S. The facility will fund expansion of SolaREIT’s core offerings, including solar and storage land purchases, lease purchases, and land loans. 

“This partnership with SLC Management strengthens our ability to deliver fast, flexible capital to developers, at a time when they need it most,” said Laura Pagliarulo, CEO of SolaREIT. 

In March, SolaREIT boosted its revolving credit facility to $60 million, with Atlantic Union Bank increasing its commitment and syndicating to EagleBank.   

Since its founding in 2020, SolaREIT has financed real estate for solar and storage projects with a combined value of more than $3 billion nationwide. The firm entered the energy storage market in 2023 and has since completed more than $125 million in BESS transactions. 

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SolaREIT SLC Management

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.