New Market Tax Credits

  • As a federally-certified Community Development Entity, our related company—UA, LLC—has direct access to a government-enhanced financing platform. Since 2005 four allocations totaling more than $197 million in New Market Tax Credits have been received through a competitive national application process. The company has provided structured equity and mezzanine debt financing for the redevelopment of more than 1.1 million square feet of office, retail, and mixed-used space–creating more than 6,100 temporary and permanent jobs in low to moderate income communities.

     

    Fitzsimons Springhill Suites by Marriott

     

    Property

    Fitzsimons Springhill Suites by Marriott

      Fitzsimons 

    Location

    Aurora, Colorado

    Type

    Hotel

    Size

    153 rooms

    Developer

    Corporex

    NMTC Investor

    U.S. Bank

    Job Creation

    40 jobs at the property and

    100 construction jobs

     

     

     

     

    Midtown Exchange Commons

     

    Property

    Midtown Exchange Commons

    Midtown Exchange Commons 

    Location

    Minneapolis, Minnesota

    Type

    Office

    Size

    500,000 square feet

    Developer

    Ryan Companies US, Inc.

    NMTC Investor

    U.S. Bank

    Job Creation

    1,850 jobs at the property and

    2,239 construction jobs

     

     

     

    Old Parkland Campus

     

     Property

    Old Parkland Campus

    Old Parkland Campus 

     Location 

    Dallas, Texas

    Type

    Office

    Size

    70,000 square feet

     Developer

    Crow Holdings

     NMTC Investor

    U.S. Bank

     Job Creation

    166 jobs at the property and

    433 construction jobs

     

     

     

    Maya Cinemas 16 – Bakersfield

     

    Property

    Maya Cinemas 16 -Bakersfield

    Maya Cinemas 

     Location 

    Bakersfield, California

     Type

    Retail

     Size

    96,360 square feet

     Developer

    Maya Cinemas

     NMTC Investor

    U.S. Bank

     Job Creation

    125 jobs at the property and

    30 construction jobs

     

    Walgreen's

     

    Property

    Walgreen’s

    Walgreens 

     Location 

    Paterson, New Jersey

     Type

    Retail

     Size

    14,820 square feet

     Developer

    ARC Properties, Inc.

     NMTC Investor

    T.D. Bank

     Job Creation

    30 jobs at the property and

    123 construction jobs

     

    American Tobacco Historic District

     

    Property

    Three Buildings in the

    American Tobacco

    Historic District

    American Tobacco Historic District  

    Location

    Durham, North Carolina

    Type

    Mixed Use and Office

    Size

    64,160 – Hill

    134,080 – Old Bull & Noell

    Developer

    Struever Bros. Eccles &

    Rouse (SBER)

    NMTC Investor

    Chevron

    Job Creation

    210 jobs at the properties and

    240 construction jobs

     

    Whole Foods Supermarkets

     

    Property

    Whole Foods Market

    Whole Foods  

    Location

    Oakland, California

    Type

    Retail

    Size

    56,528

    Developer

    Bonds Companies,

    Oakland LLC

    NMTC Investor

    U.S. Bank

    Job Creation

    113 jobs at the property and

    308 construction jobs