Real Estate

Community Development, Affordable Housing & Headquarters Relocation

Headquarters Relocation

Stites & Harbison is well-situated to advise business enterprises wishing to relocate or expand in Tennessee, Georgia, Kentucky, and Indiana. Our firm's lawyers are strategically located in Tennessee's largest metropolitan area, Kentucky's two largest cities, in the state capitals of Tennessee, Georgia, and Kentucky, and in the heart of southern Indiana's rapidly expanding business corridor.

Among other services, our firm can help clients:

  • Structure joint ventures between domestic firms and foreign enterprises
  • Negotiate with state and local governments concerning relocation incentives
  • Draft economic development-related legislation and constitutional amendments
  • Assemble land for industrial sites on a confidential basis
  • Structure and participate in governmental and tax-exempt financing directed toward economic development and expansion

We understand Tennessee, Georgia, Kentucky and Indiana incentive programs offering training assistance, municipal property tax abatement and other relocation assistance. The firm also assists clients in negotiating low-interest loans from the Kentucky Economic Development Finance Authority.

Community Development/Affordable Housing/Neighborhood Revitalization

Stites & Harbison prides itself on the breadth and depth of its neighborhood revitalization experience, particularly in the area of affordable housing. Over the past 25 years, our real estate attorneys have represented owners, developers, and institutional lenders involved in commercial, residential and mixed-use projects in Tennessee, Georgia, Kentucky, Indiana, Ohio, Michigan, and other states in the region. Transactions have ranged from traditional construction and permanent financing to credit enhancement, low-income and historic tax credit financing, tax increment financing, bond financing, and securitization of loans.

Two recent examples of this experience include the Laurel House development in Nashville and the Park DuValle development in Louisville.

  • The Laurel House project involved rehabilitation of an existing warehouse into retail and office space with new construction of 48 units of affordable housing above this space. The firm's services for the Laurel House development have included land acquisition, the tax-credit application process, closing on the land acquisition, tax increment financing, and construction loans, and, most recently, closing on the equity contribution and HUD-insured permanent financing.
  • The Park DuValle involved representing a local housing authority in connection with a neighborhood revitalization project under the Hope VI program to create 1,500 new HUD-financed housing units. We also represented a consortium of commercial lenders in the revitalization financing of Louisville's Village West low- income housing project.

Other projects of which we're particularly proud include:

  • Kentucky Broad Street Portfolio Project, Louisville
  • Uptown Square at Lindberg Station, Atlanta
  • Healey Building, Atlanta
  • Historic Scottish Rite, Decatur, Ga.
  • Phoenix Place Apartments, Louisville
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Client Alerts

Time to Consider Investments in Operating Businesses in Opportunity Zones

Opportunity Zones are depicted as transformative tools created to stimulate employment and achieve economic growth in distressed low-income communities. Like a public-private partnership, eligible taxpayers are entitled to significant tax incentives in exchange for investing unrealized capital gains in Opportunity Zones.

by James C. Seiffert, and Jameson M. Seiffert November 25, 2019
Events

Lunch & Learn: Codes 101

Date: 12/3/19
Time: 11:30 a.m. - 12:30 p.m.

Stites & Harbison, PLLC, 401 Commerce Street, Suite 800, Nashville, TN 37219

NAIOP Nashville event.

J. David Wicker, and Mary Lucille Noah (Mary Lu) November 22, 2019
Events

Kentucky Tax Conference

Date: 11/12/19 - 11/13/19
Time: 8:00 a.m. - 4:30 p.m.

Embassy Suites by Hilton Lexington/UK Coldstream, 1801 Newtown Pike, Lexington, KY 40511

Attorney Jim Seiffert will be a speaker at the Kentucky Chamber's Kentucky Tax Conference in Lexington, KY.

James C. Seiffert October 16, 2019
Events

4th Annual Louisville Commercial Real Estate Summit

Date: 9/19/19
Time: 8:45 a.m. - 11:45 a.m.

The Omni, 400 Second Street, Louisville, KY

Jim Seiffert will be a speaker at this Real Estate summit in Louisville, KY, on September 19, 2019.

James C. Seiffert August 14, 2019
Events

Global Executive Forum: Foreign Trade Zones, Optimizing Savings and Operations

Date: 4/18/19
Time: 8:00 a.m. - 10:00 a.m.

The Olmsted, 3701 Frankfort Avenue, Louisville, KY 40207

Jim Seiffert will be part of a panel discussing the impact on trade and economic development in within the Commonwealth of Kentucky.

James C. Seiffert April 09, 2019
Client Alerts

Structuring a Qualified Opportunity Zone Fund—What You Need to Know

Since the enactment of the Opportunity Zone program over a year ago, the focus has been on gaining a better understanding of the workings of the program and its various applications. While the education curve has been demanding, it has not deterred taxpayers from taking advantage of the program.

by James C. Seiffert February 18, 2019