Carrie O’Malley, a quintessential “dirt lawyer,” has been involved in almost every aspect of
commercial real estate and finance law during her 24 year career. Carrie advises clients on innovative
investment structures related to commercial real estate, including the rapidly-evolving arena of Property
Assessed Clean Energy (PACE) financing. Carrie leads Hirschler’s multidisciplinary PACE team, and her
PACE expertise involves the representation of all major PACE stakeholders, including developers, capital
providers, local governments, and program administrators. Carrie advises PACE capital providers on all
transactional elements of a PACE deal—from financing structures, to real estate due diligence, to
document negotiation and compliance. With extensive PACE knowledge in a variety of jurisdictions, she
also works with program administrators and localities throughout the lifecycle of a PACE project to
improve PACE programs and standardize PACE documentation.
Carrie’s national PACE practice includes expertise in 13 of the 21 states with active PACE
programs (including the District of Columbia). In June 2017, she represented EagleBank and successfully
closed the D.C. United Soccer Stadium deal ($25 million in PACE financing), which was the largest PACE
transaction at the time and the largest and first-ever new construction PACE project in D.C. Carrie was
involved in other PACE funding “firsts,” including the first PACE-funded office construction project in the
United States and the first rated C-PACE securitization in the country.
Carrie served on the 2018 and 2019 PACENation Summit Steering Committees. At Hirschler she
serves as Co-Chair of the Commercial Real Estate Finance and Investment Practice Group, an active
participant (and former Chair) of the Women's Initiatives Network (WIN), and the former Chair of the
Commercial Real Estate Associate Development Program. Carrie completed a rigorous, four-year JD-
MBA joint degree program at the University of Richmond in only three years of study, where she
received her J.D. from the T.C. Williams School of Law and her M.B.A. from the Richard S. Reynolds
Graduate School of Business. Carrie also earned her B.S.B.A. (Finance and Marketing) from the E.
Claiborne Robins School of Business at the University of Richmond.