New Markets Tax Credit, Historic Tax Credit, LIHTC
Sponsor
Ryan Companies US, Inc.
Private Financing
Debt
Catalytic P3, Historic Redevelopment and Adaptive Re-use
The $83.3 million Midtown Exchange project converted a former Sears distribution center into a 500,000 square foot mixed-use complex in Minneapolis. It now houses the corporate headquarters of Allina Health, residential units, and a local food market.
Monge Capital structured Historic and New Markets Tax Credit financing to support this iconic redevelopment.
Estimated Economic and Social Impact
Over 1,850 job created and retained with over 500 construction jobs.
