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Oct 22

Put Our Development Team To Work For You

Gandolf has put together one of the most experienced development teams in the country. Our team includes some of the top-rated professionals in the tax credit housing industry.

CONTRACTORS

Gandolf normally uses local contractors for each of its developments. For example, in Bismarck, North Dakota, we used Northwest Contracting, one of the top contractors in the Bismarck market. They understood the local market and brought a great group of subcontractors to the job. In Rapid City, SD we are using G.A. Barber Construction. Both firms represent one of the best contractors in their market.

In some markets where local contractors are busy or where we need to meet project budgets and we aren’t able to do this through local sources, we have used national companies, who enable us to bring projects in on budget. These companies also enable us to bring in subcontractors from outside the area, as necessary, if local contractors are too busy to meet the deadlines required by a tax credit reservation.

ARCHITECTURAL

Robert Ready, President and Principal of Ready Architectural Associates, Inc., of Minneapolis, has sole responsibility for managing all facets of the company’s business which consists of the delivery of architectural, construction management and land planning services.

Areas of specialization include affordable housing for the frail elderly and developmentally disabled, renovation/adaptive reuse of commercial and multi-family residential structures, and construction management.   Additional areas of service include development planning, site planning facility programming, space planning, land design, urban design, and historic preservation.

Mr. Ready had extensive experience in managing and directing all real estate development activities of the Kensington Corporation, a company that specialized in the development of housing for the frail elderly.  He recently has prepared the construction documents and coordinated the construction process for over 500 affordable housing units for the Gandolf Group. He also has extensive site planning experience with major mixed-use developments representing both private developers and government entities.  He is certified by the National Council of Architectural Registration Board, is registered in a number of states and is a nationally certified planner.

MECHANICAL AND ELECTRICAL ENGINEERS

Allman & Associates, Inc. of Rochester, Minnesota is an experienced Mechanical, Electrical and Plumbing Engineering consulting firm. They have designed over 500 units for Gandolf Group and have been part of the Architectural team since the start. Developers of adaptive-reuse and historic preservations projects themselves, they understand first hand the delicate balance of timely, cost effective, high quality design that goes into these projects. As veterans of several thousand projects in most states across the nation, Allman & Associates can be trusted to get it right the first time. while meeting the client’s budget, schedule and fee criteria.

PROPERTY MANAGEMENT

Currently, Gandolf Group seeks reputable, experienced third party management firms with extensive experience in the management and lease up of tax credit properties.   We believe that marketing and management efficiencies can best be achieved by working with companies that have a strong presence in, and understanding of, the markets they serve.

A sample of the management companies we currently use are:

  1. Brandon Heights Village – Bismarck, ND – Hendricks Property Mgmt
  2. South Glen Village – Minot, ND – Minot Housing Authority
  3. Cottages of Henderson – Henderson, KY – Terra Management

TAX CREDIT LEGAL COUNSEL

Faegre and Benson is Gandolf’s primary outside legal counsel.   The firm offers clients 475 lawyers in a full range of practice groups, with experience handling legal matters throughout the United States, as well as Europe and Asia. Established in Minneapolis in 1886 as Cobb & Wheelwright, the firm has evolved into one of the 100 largest law firms in the U.S., with offices in Minnesota, Colorado, Iowa, London, Frankfurt and Shanghai. From these locations, the firm has served clients in nearly every U.S. state, and in more than 60 countries. The firm is the second-largest law firm in Minnesota and one of the largest firms in the Rocky Mountain region.
Numerous attorneys in the firm assist with tax, real estate, public finance, and other aspects of affordable housing development.  Our primary contact in the firm is Angela M. Christy, an attorney with fifteen years experience in affordable housing who is highly regarded in the industry.   Together, with her Tax Credit Team, Angela Christy has consulted on over 3,000 Low Income Housing Tax Credit units.

When we have specific issues regarding HUD policies or more technical tax credit matters we consult with Sheldon Schreiberg of Pepper, Hamilton, LLP, Washington, D.C. and Jerome A. Breed, of Powell Goldstein, Frazer and Murphy, LLP, Washington, D.C.

TAX CREDIT ACCOUNTING

Presently, we are using the real estate division of  Eide Bailly, LLP on most of our projects. They are a large Midwest accounting firm with a specialty in affordable housing.

In addition, we have used Reznick, Fedder & Silverman who have served as the accounting firm on some of our previously developed projects.   We have also used Novogradac & Co., LLP on a few of our previously projects.   Both firms are recognized nationally as industry leaders and cutting edge in the structuring and use of Low Income Housing Tax Credits.   They are frequently consulted on LIHTC technical issues by the Internal Revenue Service, Security Exchange Commission and industry groups.

MARKET STUDIES

The Company retains industry experts, such as Danter, AdMark and National Survey Systems, for market studies as directed by state or local agencies.   Their expertise assists the Company to determine markets where there is sufficient demand for our product.

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