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LDS worked on three New Market Tax Credit Applications with Carlisle Tax Credit Advisors that were submitted on March 6, 2007 to the Community Development Financial Institutions Fund of the United States Department of the Treasury. Each of the three $150 Million applications was unique due to the nature of the applicant financing institution. They included a local community bank with a multi-state footprint including a large presence in the go zone, a one state commercial bank and a national equity investor that combines historic and new market tax credits. LDS is working on the redevelopment of Whittenton Mills in Taunton, MA with developer David Murphy of Hamilton Development. LDS has provided a feasibility analysis for various housing uses on the campus. It is also working with the developer on development strategies including negotiating development and management partnerships and historic matters. LDS worked with Brickstone Companies and their development team in connection with a proposed 1,800 unit luxury senior campus in Sharon Massachusetts. LDS prepared a market study examining over 15 senior campuses in the greater Boston area and demographics related to demand. LDS reported on the different types of campuses, ownership and fee structures as well as unit and common area amenities. LDS also reported on demographics such as income, net worth and population growth. In addition, LDS supported the client at Sharon public hearings by educating the audience about the product and the supply and demand for the product. The project has been reduced to 600 units. LDS is pleased to welcome new clients
AIMCO and Watermark Retirement Communities.
LDS is working with AIMCO, a multi-family apartment REIT on a market
study for the expansion of one of its Massachusetts multi-family
campuses. LDS is working with Watermark on a feasibility study for
the conversion of a portion of their Logan campus in Pennsylvania
to senior condominiums. |
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