Blevins Investment Group
Private Equity
Real Estate Development
Tax Credit Leverage
Government Affairs
Blevins Investment Group
Private Equity
Real Estate Development
Tax Credit Leverage
Government Affairs
Private Equity
Real Estate Development
Tax Credit Leverage
Government Affairs
Private Equity
Real Estate Development
Tax Credit Leverage
Government Affairs
We are actively engaged in the acquisition and adaptive reuse of abandoned or otherwise underutilized historic mill, factory, office, hotel, warehouse, and apartment buildings. We are particularly interested in historic buildings with structural deficiencies or environmental hazards requiring remediation, abatement, and restoration. Ideal properties are located in or adjacent to urban areas and sized from fifty thousand to one million square feet.
Our expertise in securing tens of millions of dollars of federal, state, and local tax credits and abatements brings substantial new sources to your traditional capital stack. Many of our privately-developed projects obtain greater than 90% of their funding from a patchwork of public sources--municipal, state, and federal. A sample of tax credit projects have utilized Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Opportunity Zone Tax Credits, and low or no-interest Brownfields revolving loan funds.
We have obtained tens of millions of dollars of federal and state historic rehabilitation tax credits on dozens of properties across the country. We take a proactive approach in working with the National Parks Service and state historic preservation offices to head-off potential issues before they arise, saving projects months of valuable time and expense. When necessary, we engage historic consultants and environmental engineers at negotiated rates to lend expertise and prepare documents including Parts 1-3, Section 106, and NEPA.
We cultivate and maintain relationships with key decisionmakers in municipalities, counties, and state agencies during all stages of project development, from site selection to certificate of occupancy straight through into the operational period. The value personal relationships--not only with mayors, county executives, and department heads, but also mid-level managers--streamlines project timelines, minimizes costs, limits unforeseen risk, and provides an early warning of potential issues.
We utilize our extensive professional experience as developers of large, complex, challenging real estate projects to advocate for beneficial changes to laws and policies affecting the availability of affordable housing and the preservation historic buildings. When necessary, we stand ready to leverage both our experience in government and empirical research to effect the policy outcomes our clients (and our own projects) desire.
We start early in the pre-development process, developing relationships to ensure timely receipt of planning, zoning, permitting, and other entitlements. We obtain and manage local project counsel where necessary.