Longwell Riess Welcomes Newest Member - Jennifer Simmons
Longwell Riess L.L.C. is excited to welcome new Member, Jennifer Simmons, to the firm. Jennifer comes to Longwell Riess with 18 years of experience structuring and closing complex real estate and lending transactions with many of them involving tax credit financing. Jennifer is based in St. Louis, Missouri where she will continue to practice as the newest Member of the Longwell Riess team. Founding members Kelly Longwell and Megan Riess commented: “We’re thrilled to be adding Jennifer’s exceptional talent and experience to our team. Her perspective is going to be an important asset for the firm. We’re also excited about establishing a presence for Longwell Riess in St. Louis, and we look forward to seeing that grow.”
Home Bank, NORA, and Stonehenge Capital -collaborate in redevelopment of the historic Dew Drop Inn - located in New Orleans, LA
Dew Drop Inn: Home Bank, the New Orleans Redevelopment Authority and Stonehenge Capital collaborate in the redevelopment of the historic Dew Drop Inn. Acting as lender and tax credit investor counsel, Megan Riess and Chris Wootten handled the transaction, which utilized state and federal new markets, state and federal historics, Community Development Block Grants and commercial bridge and permanent debt.
Longwell Riess Client - GCHP - partners with Crescent Care for historic redevelopment of 2515 Canal Street property in New Orleans, LA
Longwell Riess client Gulf Coast Housing Partnership partners with Crescent Care as project borrower and non-profit sponsor in the historic redevelopment of property located at 2515 Canal Street, New Orleans. The $22,000,000 project was financed with federal new markets tax credits, federal and state historic tax credits, and a novel HHS loan product. Upon completion, the project will expand the clinical capacity and medical services offered by the Crescent Care organization. Kelly Longwell and Chris Wootten handled the transaction.
Longwell Riess Client - GCHP - continues Housing + Health developments at The Pearl in Jackson, MS
Longwell Riess client Gulf Coast Housing Partnership continues its housing + health developments at The Pearl in Jackson, Mississippi. The $28 million project utilized low-income housing tax credits and new markets take credits for an affordable housing and health care facility for seniors. Kelly Longwell, Ben Guider and Chris Wootten represent GCHP on the transaction.
Longwell Riess Client - GCHP- partners to develop $80 million commercial project of old Brown’s Dairy site in New Orleans, LA
Longwell Riess client Gulf Coast Housing Partnership partners with Alembic Community Development to develop an $80 million residential and commercial project on the site of the old Brown's Dairy in New Orleans, Louisiana. The development will include 192 units of affordable housing as well as a health care and community facilities. Financing included low-income housing tax credits, new markets tax credits, community development loans and commercial debt. Kelly Longwell, Megan Riess, and Ben Guider represented the developer in the transaction.