Renewable Energy
Carbon CaptureRenewable Energy & Sustainable Technologies
Foss & Company works with partners across the country to identify the best investment solutions to meet their strategic tax planning needs. Renewable energy projects provide risk mitigated options that directly contribute to a sustainable energy future.
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, federal ITC 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.
Focus on Additionality
Foss & Company targets segments of the tax credit market where the long-term certainty of available tax equity will be a primary driver for implantation of additional renewable energy, carbon capture, and historic rehabilitation projects, thereby achieving additionality in our investment practices.
Carbon Capture
Investing in carbon capture and sequestration projects provides predictable returns on low-risk investments while helping to mitigate climate change.
Applied to a 500 MW coal-fired power plant, a single carbon capture and storage facility would be equivalent to planting more than 62 million trees, and waiting 10 years for them to grow.
More About Carbon CaptureImpact
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.