Real Estate
PRESERVING AMERICA’S HERITAGE AND REVITALIZING COMMUNITIES
Historic Preservation
Established in 1978, the Historic Tax Credit (HTC) program has facilitated the rehabilitation of over 42,000 certified historic buildings, attracted more than $90 billion in new private capital to the historic cores of cities and towns across the nation, and created more than two million jobs. (Source: National Trust for Historic Preservation)
Capabilities
Investor
- Sourcing quality transactions with experienced and capable development partners
- Negotiating favorable terms and conditions and securing viable term sheets
- Industry-leading underwriting, asset management and investor reporting
Developer
- Streamlining the closing process through industry leading “one stop shop” approach
- Provide debt, federal HTC equity, state HTC equity, HTC bridge loans, and PACE financing
Impact
LEVEQUE TOWER
Location
COLUMBUS, OH
OHIO HISTORIC PRESERVATION TAX CREDIT
$5,000,000
Developers
Lawyers Development Corporation, Kaufman Development, CASTO
PROJECT SUMMARY
LeVeque Tower first opened in 1927 and for nearly 90 years it has been Columbus’ iconic landmark. After four year rehabilitation, the tower has been restored to prominence. In order to maximize the building’s unique floorplan it has been divided into three different condominiums that now contain a Marriott Autograph Collection hotel, 150,000 sf of class A office space, and 80 luxury apartments. It is a featured project of the Foss OH 2016 Fund and total development costs were in excess of $50 million.