Jacob R. Bean
Not every lawyer is bad at math.
Contact: P /612.604.6498E /[email protected]
Administrative Contact: Theresa Conley O'Connell P /612.604.6778E /[email protected]
Education
University of Minnesota Law School, J.D., magna cum laude, 2012
University of Kansas School of Architecture, Design, and Planning, M.U.P., 2004
University of Minnesota, B.A., Economics, 2002
Bar Admissions
Minnesota, 2012
My Approach
I have represented developers, investors, and (occasionally) lenders on complex development deals throughout the country. Most of those deals included tax credits or other tax incentives. I have focused on finding creative and effective solutions to the various tax and regulatory problems presented by tax credit and debt financing programs used in affordable housing, historic rehabilitation, and energy production projects. Whether the idea was the renovation of a historic warehouse into a boutique hotel, the rehabilitation of an affordable housing project, or the construction of a refined coal facility (or just about anything in between), I have helped each client turn that idea and a spreadsheet full of numbers into a real asset for that client and the local community.
Prior to law school, I worked for several years in the affordable housing industry, both as the chief underwriter of a state housing finance agency and as a project manager for one of the nation’s largest nonprofit owners and developers of affordable housing. In these roles, I focused on the financial structuring and underwriting of affordable housing projects. That experience helps me navigate and advise clients through the tax and regulatory landscape applicable to every development.
Practice Areas
Practicing Tax Credit Financing & Syndication
My Experience
Modern real estate finance is often complicated and challenging; especially when tax credit financing or securitized lending are part of the deal. I work with every client to structure and close each deal in a way that matches that client’s business model and risk tolerance. I ask a lot of questions, I listen to the answers, and I provide solutions and advice that increase returns and reduce costs.
Representative Matters
- Represented federal historic credit investor in the conversion of a vacant hotel into a charter school in Kansas City, Missouri.
- Represented developer of the approximately 100-million-dollar preservation of the 640-unit, project-based Section 8 Seward Towers development in Minneapolis, Minnesota.
- Represented federal historic tax credit investor in the approximately 50-million-dollar preservation of the Butler Fieldhouse in Indianapolis, Indiana.
- Represented developer of the approximately 110-million-dollar historic renovation of the Arcade Building in St. Louis, Missouri.
- Represented buyer pf general and limited partner interests for 9-property low-income housing tax credit portfolio located in Florida, Georgia, and Texas.
Awards
The Best Lawyers in America© Ones to Watch
Tax Law, 2022-2025
Also experienced in
Real Estate Development & Transactions
Honors & Awards
The Best Lawyers in America© Ones to Watch
Real Estate Law, 2022-2025
Tax Law, 2022-2025