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HISTORIC TAX CREDIT

The Firm has experience with both historic and new market tax credit real estate transactions with particular emphasis in the historic hotel sector. Mr. Clement's experience with real estate development has focused primarily on representing and advising private developers as to federal and state tax incentives, including the historic rehabilitation tax credit, facade donations, tax abatements, and real estate syndications. During his legal career, he has served as developer counsel for numerous historic rehabilitation federal and state tax credit projects. As developer counsel, he has assisted his clients with closing on acquisition, interim development financing, and tax credit transactions representing over $376MM in development costs. In addition to serving as developer counsel, he also now participates as a partner for historic development projects.

Elyton Hotel

This building's historical building name is the empire building and is located at 1928 1st Ave North, Birmingham, AL. The year its first HTC capital contribution closed was 2016.

Varnado Hall

This building is located at Northwestern State University - Louisiana. The year its first HTC capital contribution closed was 2017.

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AC Hotel Little Rock

This building's historical building name is the Hall & Fabric Center Building and is located at 201 W, Capital Ave., Little Rock, Arkansas 72201. The year its first HTC capital contribution closed was 2018.

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Kinley Cincinnati

This building's historical building name is the Denton Building and is located at 37 W, 7th St., Cincinnati, Ohio 45202. The year its first HTC capital contribution closed was 2019.

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Home2 Suites/Tru by Hilton dual branded hotel

This building's historical building name is the Shell Building and is located at 1221 Locust St., St. Louis, MO. The year its first HTC capital contribution closed was 2021.

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The Grady Hotel

This building's historical building name is the J.B. Wilder Building and is located at 601 W. Main St., Louisville, KY. The year its first HTC capital contribution closed was 2021.

Moxy Hotel Houston

This building's historical building name is the State National Bank Building and is located at 412 Main St., Houston, TX 77002. The year its first HTC capital contribution closed was 2021.

AC Hotel Kansas City

This building's historical building name is the Rialto Building and is located at 906 Grand Boulevard, Kansas City, MO. The year its first HTC capital contribution closed was 2022.

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