Development

Development

A Growing Portfolio

Successful real estate development requires expertise, dedication, and discipline. Shelter Corporation delivers the results you seek. We have developed and acquired a diverse portfolio of successful apartment communities and townhomes in Minnesota and Texas. Our affiliate, The Waters Senior Living, has developed senior living communities throughout Minnesota.

 

Efficient Financing, Enduring Partnerships

Shelter Corporation has earned a reputation grounded in two key strengths — efficient financing and enduring partnerships. We are able to negotiate complex transactions with financing from diverse public and private sources. And we have built strong partnerships that allow us to consistently deliver value — to our investors and our communities.

Financing

Efficient Financing, Enduring Partnerships

Shelter Corporation has a history of creating strong public and private sector partnerships with investors and communities, bringing exceptional value to all parties. Our reputation is built on our ability to create profitable investments and reposition existing properties for value enhancement. Shelter principals Lynn Carlson Schell and Jay Jensen deliver a disciplined and profitable approach, creating innovative solutions grounded in a knowledge of capital markets through various economic cycles.

Results Despite Complexity

Even through turbulent economic cycles, Shelter Corporation delivers results and successfully negotiates complex deals. Shelter principals have expertise in a wide variety of financing tools, helping drive successful projects:

  • Institutional joint venture
  • Private and public equity
  • FHA, Fannie Mae, Freddie Mac
  • Revenue bonds
  • TIF financing
  • Tax credits

Integrity Always

Honesty, hard work, and a forthright demeanor characterize the principals and people of Shelter Corporation. Our long-term financial success is due to the integrity and expertise of our talented staff.

Acquisitions

Effective Revitalization

Shelter Corporation has effectively acquired and repositioned numerous multi-family and senior living rental properties across the United States. Proficient in research, strategic improvements, price adjustments, and marketing, Shelter Corporation principals have proven they can effectively revitalize and manage a variety of residential real estate, delivering value to investors and communities through comprehensive market knowledge and intuitive financing.

 

Understanding Market Nuances

Market research is integral to our operations. Shelter Corporation specializes in analyzing demographics, economics, the political climate, building trends, pricing patterns and other factors to grasp the nuances of each housing market and maximize performance. While we possess broad knowledge of our existing markets, including Minnesota, Texas, and Florida, our process allows us to thoroughly analyze new markets just as effectively.

 

Managing Intricate Financing

Shelter Corporation's ability to assemble innovative financing from diverse public and private funding sources is drawn from our debt and equity experience. Debt financing has included tax-exempt revenue bonds, institutional joint ventures, government (public) financing, participating mortgages and commercial loans.

 

 

 

New Construction

Through successful long-term relationships, Shelter Corporation has developed significant expertise working with contractors, architects, and engineers to create beautiful and functional building designs. We negotiate and oversee all aspects of the new construction process, bringing significant expertise to land development, soil correction, environmental issues, prevailing wages, and city zoning requirements.

 

Shelter Corporation has a perfect record for on-time, on-budget construction and has never failed to retire a construction loan on the originally scheduled date. We have successfully managed new construction projects in Minnesota and Florida.

 

 

 

Development Summary

PROPERTY NAME LOCATION UNITS MORTGAGE
Advantage Point Apartments Glendale, AZ 208 $5,764,000
Andrew's Pointe Townhouses Burnsville, MN 57 $5,750,000
Arrowood Apartments Phoenix, AZ 124 $3,436,000
Austin Pointe Apartments San Antonio, TX 328 $14,000,000
Birchwood Arbors Forest Lake, MN 46 $6,700,000
Birchwood Health Care Center Forest Lake, MN 157 $6,300,000
Brentwood Apartments Wichita, KS 196 $3,765,000
Cambridge Court Apartments Phoenix, AZ 286 $5,617,000
Cedar Villas Townhomes Eagan, MN 104 $15,300,000
Chapel Trace Apartments Orlando, FL 312 $22,984,000
Chatham Village Apartments Webster, TX 210 $6,500,000
Cinnamon Ridge Apartments Eagan, MN 264 $11,350,000
Cityscape Apartments St. Louis Park, MN 178 $11,400,000
Cliff Hill Townhouses Burnsville, MN 32 $1,300,000
Colony Park Apartments West Palm Beach, FL 130 $14,583,000
Cove on 44th Apartments Phoenix, AZ 255 $5,008,000
Coventry Apartments Roseville, MN 196 $22,000,000
Crossings Apartments Lithonia, GA 200 $8,000,000
Dakota Station Apartments Burnsville, MN 150 $16,500,000
Doral Club Apartments San Antonio, TX 297 $12,313,000
Douglas Trail Townhomes Rochester, MN 100 $7,400,000
Dover Hill Apartments Golden Valley, MN 234 $16,500,000
Dymaxion Apartments San Antonio, TX 190 $6,850,000
Eden Point Apartments Baton Rouge, LA 186 $4,504,000
Elmbrooke Townhouses Minnetonka, MN 46 $3,250,000
Findley Place Townhomes Minneapolis, MN 89 $3,035,000
Fountain Place Apartments Glendale, AZ 164 $3,221,000
Fountain View Apartments Naples, FL 456 $24,000,000
Grande Pointe Apartments Orlando, FL 276 $19,436,000
Greenery Apartments Tempe, AZ 240 $6,760,000
Holiday Inn Metrodome Minneapolis, MN 200 $10,000,000
Honey Creek Apartments Dallas, TX 656 $20,875,000
Interlachen Condominiums Naples, FL 140 $20,000,000
Jackson's Landing Apartments New Orleans, LA 276 $6,683,000
Joseph's Pointe at Upper Landing St. Paul, MN 90 $5,750,000
Maplewood Townhomes Maplewood, MN 31 $2,000,000
Marbach Park Apartments San Antonio, TX 304 $10,960,000
Marina Bay Apartments West Palm Beach, FL 192 $15,798,000
Newport Apartments New Orleans, LA 309 $7,482,000
Oxford Place Apartments Phoenix, AZ 120 $3,326,000
Palisades Park Apartments Universal City, TX 304 $8,939,000
Park at Wells Branch Apartments Austin, TX 304 $17,740,000
Parker Village Robbinsdale, MN 142 $30,000,000
Pine Ridge Apartments Phoenix, AZ 301 $5,912,000
Place Five Apartments Tempe, AZ 440 $12,394,000
Providence Place Health Care Center Minneapolis, MN 231 $23,400,000
Red Oak Preserve Senior Oakdale, MN 39 $6,250,000
Red Oak Preserve Single Family Oakdale, MN 38 $10,000,000
Riviera Pointe Apartments Mesa, AZ 265 $7,344,000
Royal Oaks Apartments Eagan, MN 230 $12,600,000
Seven Corners Apartments Minneapolis, MN 248 $12,000,000
Sugar Creek Apartments Grand Prairie, TX 336 $5,789,000
Sutton House Apartments San Antonio, TX 265 $13,382,000
Symphony Place Apartments Minneapolis, MN 250 $20,100,000
The Arbors at Red Oak Preserve Oakdale, MN 29 $6,600,000
The Colony at Eden Prairie Eden Prairie, MN 142 $24,000,000
The Lexington Apartments Roseville, MN 254 $15,500,000
The Pointe at St. Joseph Apartments South Bend, IN 202 $10,500,000
The Waters of Minnehaha, Senior Living Minneapolis, MN 77 $15,500,000
Timber Lake Apartments Tempe, AZ 180 $4,989,000
Venetian Isles I West Palm Beach, FL 288 $27,826,000
Venetian Isles II West Palm Beach, FL 112 $13,358,000
Venice Cove Apartments Fort Lauderdale, FL 150 $15,175,000
Waybury at Chaska Chaska, MN 114 $8,000,000
Windover Health Club Apartments Melbourne, FL 236 $8,400,000
Windover Oaks Apartments Titusville, FL 238 $8,250,000
Windsong Place Apartments DeSoto, TX 200 $4,112,000
Winfield Townhomes Savage, MN 134 $18,700,000
Woodbury Estates, Senior Living Woodbury, MN 64 $10,470,000
Woodbury Health Care Center Woodbury, MN 207 $11,480,000
Woodbury Villa Woodbury, MN 75 $5,400,000
Total   14,124 $790,510,000