2002

National Real Estate Developer Completes 366-Unit Low-Income Housing Project

United States - Minnesota

A national real estate developer acquired and rehabilitated a 366-unit development in Brooklyn Park, Minnesota, with Faegre Baker Daniels representing the developer on all aspects of the transaction.

The project had a total development cost of over $30 million and was financed with tax-exempt bonds, government loans and over $8 million in limited partner investment in low-income housing tax credits.

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