Realphoenix

Together we can make a positive impact on communities while generating significant financial returns.

Previous Like Kind Projects

Marketplace & Main:

Featuring 53 apartments for rent and 7 for sale townhomes.
Year: 2014
Used city TIF dollars and HUD 221 (d)(4) financing
Project Cost: $15M
Results: New construction with mixed-use building completed with all 7 townhomes sold.

Commons at Penn:

47-unit mixed-use affordable apartment complex in North Minneapolis.
With Co-op grocery store and Building Blocks Nonprofit in the commercial space on the ground level.
Year: 2015
This development was a public/private partnership that used Tax-Exempt bonds and 4% Low Income Housing Tax Credit Equity along with 11 other sources. Secured financing from 12 different sources to close this deal.
Project Cost: $12M

Penn Avenue Union:

64-unit mixed-use affordable apartments with 20,000 square feet of community service space on the 1st floor.
Secured partnership with job training center to locate in our building for people in the community.
Closed June 2019
Personally, secured financing from 11 different sources to close this deal as well.
Project Cost: $18M

Start Making a Positive Impact Today!

Ready to invest in projects that make a difference? Reach out to The Phoenix Group today to learn how you can become a part of our journey towards building better communities while generating significant financial returns.