ATLANTA--(BUSINESS WIRE)--Jun 30, 2026--
Peachtree Group announced the origination of $56.4 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the recapitalization and redevelopment of The CTR (“Center”), the former CNN Center, one of the most recognizable commercial properties in downtown Atlanta.
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The financing supports the ongoing transformation of the approximately 1 million-square-foot mixed-use destination, one of the largest urban redevelopment and repositioning projects currently underway in Atlanta. The project includes the revitalization of the property's expansive retail atrium, the installation of large-scale digital media displays, the modernization of building systems and the preparation of office space for future tenants. C-PACE financing is being utilized to fund eligible improvements, including HVAC systems, glazing, lighting, plumbing infrastructure, LED media displays and related project costs.
“This financing demonstrates how C-PACE has evolved into a powerful capital solution for large-scale redevelopment projects that are remaking cities and repositioning landmark assets for the future,” said Jared Schlosser, head of originations and C-PACE for Peachtree Group. “The CTR is not only one of Atlanta's most recognizable properties, but also one of the most important redevelopment opportunities in the Southeast. We are proud to provide financing that supports the property's next chapter and contributes to the continued revitalization of downtown Atlanta.”
Located at the center of Atlanta's Sports and Entertainment District, The CTR is undergoing a major redevelopment led by CP Group. The property, directly connected to State Farm Arena, MARTA and the Omni Hotel, sits steps from Mercedes-Benz Stadium, Centennial Olympic Park, the Georgia World Congress Center, Georgia Aquarium and the rapidly evolving Centennial Yards district.
The transaction highlights the growing role of C-PACE financing in urban redevelopment projects. Originally created to help fund energy-efficient building improvements, C-PACE has become an increasingly popular financing tool for property owners seeking long-term, fixed-rate capital while reducing the amount of equity or other higher-cost financing needed for a project.
“Today's commercial real estate market doesn't need more opinions. It needs more solutions,” said Greg Friedman, CEO and managing principal of Peachtree Group. “Higher-for-longer interest rates, tighter liquidity and a wave of upcoming debt maturities have fundamentally changed the market. Success today requires more than capital. It requires experience across origination, underwriting, servicing and asset management. That's where Peachtree's integrated platform is built to deliver solutions for borrowers, investors and partners.”
“Redevelopments of this scale require creative capital solutions,” Schlosser said. “C-PACE is proving to be an effective tool for helping sponsors modernize properties, bridge capital gaps and position assets for long-term success.”
The financing marks another significant Atlanta-area investment for Peachtree Group, reflecting the firm’s commitment to supporting the transformation of some of the region's most prominent commercial real estate assets.
“Atlanta continues to attract investment, population growth and corporate expansion, creating opportunities to reimagine many of the city's most important properties,” Schlosser added. “Peachtree is proud to play a role in shaping the future of Atlanta through transformative projects that enhance the city's competitiveness, strengthen downtown and support long-term economic growth.”
About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.
Peachtree Group announced the origination of $56.4 million in C-PACE financing for the recapitalization and redevelopment of The CTR (“Center”), the former CNN Center (pictured).
DETROIT (AP) — Jerry Esters proudly displays the American flag each day on his Detroit home. A few miles away, Yvonne Pistochini says there is no scenario under which she would allow the Stars and Stripes to cast its shadow where she lives.
Both are Black.
For Esters, the flag represents the opportunities that allowed the great-great-grandson of slaves to find success and flourish. Pistochini, 79, simply says the America identified by the flag is not the same country she saw growing up.
Americans' views of “Old Glory” are divided by politics, age and race, according to a new survey conducted by The Associated Press-NORC Center for Public Affairs Research ahead of the nation's 250th birthday celebration.
Republicans and older, white adults are especially likely to say they fly the American flag, while younger Democrats and Black adults are more likely to say they don't fly it. Views of the flag — and whether it's a unifying or divisive symbol — track with other deep divisions among Americans, who see their country's history and accomplishments very differently.
“A lot of Black Americans see the flag as a symbol of both inclusion and exclusion,” said Matthew Delmont, professor of American history at Dartmouth College. “Black Americans, more so than white Americans, also understand the flag can be used to justify a version of patriotism that is rooted in exclusion, with the flag being used to say ‘you don’t belong here.’”
The survey of 2,596 adults was conducted April 16-20. It suggests that older white Americans, especially Republicans, are more likely to see the flag as unifying.
About half of U.S. adults said they display the flag at home throughout most of the year, or during holidays. About 7 in 10 Republicans and about 6 in 10 Americans ages 60 and older fly the flag at least during holidays.
About 6 in 10 Democrats and independents, on the other hand, say they “never” fly the U.S. flag. That includes the vast majority, 75%, of Democrats under 45.
Esters, a 64-year-old retired clay sculptor for a Detroit automaker, flies three American flags at his Sherwood Forest home on the city’s west side.
“When these homes were built, Black men like me, my mother and my family ... we couldn’t even buy these homes,” he said. “To me, that’s one reason I fly the flag. We went through a lot to be able to own nice homes, and this is what we fought for.”
The other reason is Moriah Martin, Esters’ great-great-grandmother, who was born into slavery.
“I’m kind of living out her dreams — what I did for a living, having a business, having a nice home,” he said. “I think that’s the American way, but we got to fight for it and we, as Blacks, fought for it.”
He's in the minority among Black adults, according to the survey, which found that only about 3 in 10 Black adults say they ever display the American flag, compared with about half of white and Hispanic adults.
Pistochini says current divisions over political leanings and perspectives, and inequality of opportunities for the poor and people of color are not what she believes the flag should stand for. People confuse flying it with being patriotic, she added.
“Just because you fly a flag doesn't make you a patriot,” Pistochini said. “If there was patriotism, we would not have all this. We can't look at (what's going on) and say this is America.”
Ben Gaskins, chair of political science at Lewis & Clark College in Portland, Oregon, says the flag is an important symbol of patriotism for many Americans.
“It is those who are older people, who are white and people who are more conservative,” Gaskins said. “They take it as more central to their identity.”
Nancy Hansen, a 73-year-old retired Customs and Border Protection clerk in Culvertson, Montana, believes “you have to be for the country, no matter what” and that the flag means “freedom.”
“Freedom to live where we want to live, travel where we want to travel, raise our kids where we want to raise our kids,” said Hansen, who is white and identifies as Republican.
Each year around July 4, the American Legion posts flags outside businesses and homes in Culvertson, including Hansen’s home.
Linda and Greg Cunningham also equate the flag with freedom.
The white, conservative Pontiac, Michigan, couple are going all out this summer. The exterior of their home northwest of Detroit is awash in red, white and blue. The flag sits atop a flagpole just feet from their door.
“It's no political thing, at all," said Linda Cunningham, 63. “It's our freedom. I love the American flag. I love the whole concept of it. I love America. I know there’s so much going on in the world, right now, and I know everyone has their own views, and I'm just sad that politics have to be brought into the flag.”
Of those who took the survey, 47% see the flag as a “more unifying” symbol. About 16% call it a “more divisive” icon, while 36% say it's neither divisive nor unifying.
Only 22% of Black adults see the flag as a unifying symbol, compared with 55% of white adults and 42% of Hispanic adults.
“It’s a painful symbol. It’s a reminder of what we could be and how it’s failed to live up to that for Black people, for Indigenous people and people of color,” said Allison Wiltz, a Black author and founder of Writers and Editors of Color.
Paul Walthour, 71, occasionally flies the flag outside his Minneapolis-area home on special occasions and some holidays. Walthour says that when he’s away from home and at his cabin, the flag goes up each morning and is taken down at the end of the day.
“This is antiquated, perhaps,” said Walthour, who is white and a retired advertising agency creative director. “I feel it’s a symbol that you’re proud to be an American.”
“Unfortunately, I kind of think it’s kind of a symbol of dividing more than uniting,” added Walthour, who identifies as a Democrat. “The people who fly it on the far right have one kind of feeling about it, and the people who fly it on the left have a different kind of feeling about it.”
Williams is a member of AP's Race & Ethnicity team. Sanders and Parwani reported from Washington.
The AP-NORC poll of 2,596 adults was conducted April 16-20 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for adults overall is plus or minus 2.6 percentage points.
FILE - The American flag over the Capitol is illuminated by the early morning light in Washington, Oct. 1, 2025. (AP Photo/J. Scott Applewhite, File)
FILE - American flags fly in front of the U.S. Capitol at sunrise, Oct. 1, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson, File)
Linda and Greg Cunningham fly the American flag outside their Pontiac, Mich., home on June 10, 2026. (AP Photo/Corey R. Williams)
Jerry Esters stands in front of American flag outside his Detroit home on June 9, 2026. (AP Photo/Corey R. Williams)
FILE - Miniature American flags flutter in wind gusts across the National Mall near the Capitol in Washington, Nov. 10, 2025. (AP Photo/J. Scott Applewhite, File)
