Each year, Midwest Real Estate News inducts a new class into its Commercial Real Estate Hall of Fame. Last year, despite its challenges, was no exception. Here’s a look at one of our new inductees, Paul Rupprecht, president of R&R Real Estate Advisors in West Des Moines, Iowa.
With nearly 30 years of experience, Paul Rupprecht ranks as one of the most successful and respected commercial real estate professionals in the Des Moines market.
And as president of West Des Moines-based R&R Real Estate Advisors, he also leads one of the busiest commercial real estate companies in the region.
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Each year, Midwest Real Estate News inducts a new class in its Commercial Real Estate Hall of Fame. Here is one of our newest inductees, Todd Phelps, partner with the Minneapolis office of law firm Stinson LLP.
For more than two decades, Todd Phelps has served as a go-to source for his commercial real estate clients. He’s helped these clients structure, develop, construct, finance, lease and sell commercial real estate of all types.
That’s just one part of Phelps’ career, though. As a partner in law firm Stinson’s Real Estate Division, Phelps also represents private and family businesses, assisting them as an outside general counsel with complex and day-to-day matters. This includes ownership agreements, financing transactions, contract negotiations, dispute resolution, regulatory matters and corporate transactions.
ASC Secures $10.24 Million Acquisition Loan for Multifamily Community in Burbank, IL Chicago, IL, January 08, 2021 (PR.com) American Street Capital (“ASC”) announced today that it has secured a $10.24 million acquisition loan for a multifamily community located in Burbank, IL.
Built in 1983, the multifamily community consists of 27 simplex style buildings containing 173 units on 6.31 acres. The unit mix comprises of 87 one-bedroom and 86 two-bedroom units with an average size of 952 square feet. Additional amenities included on-site management, 300 parking spaces, in-unit mechanicals, and in-unit laundry. Burbank is a southwestern suburb of Chicago and is approximately 15 miles from the central business district. This is the first time the property has traded since it was built.
ASC Arranges $12.59 Million for Multifamily LIHTC Portfolio in Florida Chicago, IL, December 19, 2020 (PR.com) American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida.
The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC community in Sebring, FL. Built in 2001, the property consists of 63 one-story duplexes and nine two-story duplexes that are rent restricted to at or below 60 percent of the area median income (AMI). On-site amenities include a clubhouse, swimming pool, laundry facility, on-site management office, fitness center, basketball courts, playground and 209 parking spaces.