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