response to rfp – dcha rfp 0005-2019 greenleaf december 10 ... · greenleaf community partners...

Greenleaf Community Partners (Dantes Partners/Jair Lynch/Gilbane Development Co.) | Greenleaf Housing Community Co-Developer | December 10, 2019 1

Response to RFP – DCHA RFP 0005-2019 Greenleaf December 10, 2019


AGENDAI. Our TeamII. Build First III. Implementing The VisionIV. Building CommunityV. Why Greenleaf Community Partners

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The Team

Jair LynchJair Lynch Real Estate

Partners

Blaise RastelloGilbane Development

Company

Carlos Bonner Jair Lynch Real Estate Partners

Doris GantosGilbane Development

Company

Yolanda Cole Hickock Cole

Corey PowellDantes Partners

Mary RamseyWiles Mensch

Buwa BinitieDantes Partners

Robert Gilbane Jr.Gilbane Development

Company

Ruth HamiltonWestminster Church

Don EdwardsJS&A

Linda GravesGilbane Development

Company


The Team – Gilbane Development Company

Gilbane, Inc. - Founded in 1873 - one of the largest privately held family-owned construction and real estate development firms in the industry:

Shares common family ownership and management of subsidiaries; Gilbane Development Co. & Gilbane Building Co.

Gilbane Development - single resource for real estate development (construction, financing, operations, and management)

$940 MIN MIXED-USE

PROJECTS COMPLETED OR UNDERWAY

10,000HOUSING UNITS

DEVELOPED

$5 billionFINANCED AND DEVELOPED (MULTIFAMILY, MIXED-USE,

PUBLIC-PRIVATE PARNTERSHIPS)

2018

30.30


Why Greenleaf Community Partners? Proven expertise in complex, long-term development projects

Why our Team?

NYCHA RAD Bundle I• Awarded – 2018• Challenge - 1st bundle with NYCHA PACT combining RAD with Sec 18 demo disposition. Bundle included 15 scattered

site buildings in the Bronx containing 648 units.• Worked with HUD and NYCHA on RAD conversion. Put together innovative two phase construction and financing strategy

that allowed us to close within 10 months of being awarded.• Bifurcated the bundle and employed two distinct financing strategies that raises the maximum debt proceeds and

leveraged 100k/unit in renovations for residents.• Navigated significant challenges with NYCHA and were the first of three bundles awarded at the same to close. First

phase of construction finishing early 2021.


The Team – Jair Lynch Real Estate Partners

Jair Lynch – creates extraordinary places

Local Experience:

$1 BB of completed projects 35 public-private partnership projects 35 projects with entitlements;

2 map amendments Portfolio of market and affordable housing 2.3 MM SF of mixed use projects $250 MM of equity available for projects

$1.5 billion CURRENT ASSETS UNDER

MANAGEMENT

3,200HOMES DEVELOPED

AND IN THE PIPELINE

65PROJECTS COMPLETED OVER 21-YEAR HISTORY



Why our Team?

H St NE 600 Block• Acquired – 2011

• Jair Lynch acquired the entire 600 block of the vibrant H Street Corridor, which has benefitted from significant private redevelopment and public infrastructure investment.

• Challenge – Rebalancing the H St neighborhood by mixing state-of-the-art office with residential and different types of retail to create a more balanced daytime-nighttime economy

• The firm is finishing repositioning three properties on the block into an active, mixed-use district totaling 450,000 sf with 180,000 sf of office and 307 boutique apartments over ground floor retail


Why Greenleaf Community Partners? Our story is more than bricks and mortar

Why our Team?


The Team – Dantes Partners

Dantes Partners - a 13 year old, minority-owned company focused on creating and preserving affordable housing utilizing complex financing structures:

4% Low Income Housing Tax Credit TE Bond Deals: 11 New Markets Tax Credit Deals: 2 9% Low Income Housing Tax Credit Deals: 5 Historic Tax Credit Deal Closed: 1 $315 million in Tax-Exempt Bond Financing Secured $159 million in Public Subsidy Secured $780 million in Commercial Real Estate Financing Secured

24DEALS CLOSED

18TAX CREDIT DEALS

CLOSED

2,304UNITS FINANCED



Why our Team?

Fortitude at Delta Towers, Washington, DC• Awarded – 2016• Existing 150 tenants on site• Challenge - Build first • Worked with HUD to transfer HAP

contract• Negotiated multi-phase development

with partner – 1st of three phases now under construction

• Encountered design and construction challenges however with a resolute team in place we march on


The Vision

96 senior homes at build first site 493 replacement homes 25% affordability across program

Nearly 200 new affordable homesOver 30k Sf of neighborhood retail 8,000 Sf Idea Lab

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Why our Team?

Build First Utilizing Westminster Church SiteSite Control: Leveraging existing vision to build affordable housing

• Currently owned by Westminster Church – larger community vision


The Idea Lab

• Purpose-built program with integrated services for residents

• Seed capital of $500,000 (divide by buildings)

• Ongoing $500,000 funded annually for operations and staff for:• Training • Entrepreneurism• Co Working • Marketplace

Local and National Network of Partners to Create an Inclusive Place


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THANK YOU

response to rfp – dcha rfp 0005-2019 greenleaf december 10 ... · greenleaf community partners...

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