Historic Equity, Inc. (“HEI”) is a State Historic Tax Credit (“SHTC”) investor specialized in maximizing benefits to owners of historic rehabilitation projects. Since 2001, HEI has invested in over 100 projects located in Missouri, Iowa, Kansas, Oklahoma, Minnesota, Wisconsin, and Texas, with qualified rehabilitation expenditures (“QRE”) totaling over $600 million.
HEI would like to invest in the SHTC generated by your Historic Rehabilitation Project. Depending on the state and project size, HEI can deliver pricing of up to $0.93 per $1.00 of SHTC. Even if you already have selected a prospective purchaser, we will work with them to properly structure the SHTC investment to maximize the owner’s benefits. Recent IRS “Safe Harbor” Guidelines for Historic Tax Credits increased the importance of properly structuring SHTC investments early in the project.
HEI will draft preliminary documents for you to consider:
- A project Organizational Chart
- HEI’s Term Sheet
- A draft Operating Agreement for the Project Manager
- A Tax Credit Purchase or Allocation Agreement
A list of some past and current projects.
|2003||Coronado, St. Louis||$36M||Coronado Apartments|
|2004||Lindell Towers, St. Louis||$20M||Lindell Towers|
|2004||President Hotel, Kansas City||$50M||Hilton President Kansas City|
|2005||Moolah Theatre, St. Louis||$10M||Moolah Theatre|
|2008||TWA Building, Kansas City||$20M||TWA Administrative Building|
|2009||Power House – Cannon||$8M||Cannon Design Power House|
|2010||Raphael Hotel, Kansas City||$20M||Raphael Hotel|
|2011||Hotel Blackhawk, Davenport||$36M||Hotel Blackhawk|
|2014||Power and Light Building||$31M||Power and Light Apartments|
|2015||Heer’s Building, Springfield||$17M||Heer’s Luxury Apartments|