Kothe Real Estate Partners develops commercial properties throughout the Midwest, with a focus on multi-family, hotel, and mixed-use properties. Our recent developments include both ground-up construction and adaptive reuse of historic structures. The projects have utilized a variety of financing structures including:
brownfield financing
PACE financing
private investor capital
city incentives
traditional bank financing
historic tax credits
new market tax credits
low income housing tax credits
We rely heavily on our understanding of the market dynamics and appropriate financing structure for a particular project in an effort to maximize returns for our partners and investors. Value is added through:
financing
deal structuring
design and construction management
operations
expertise in market research
site selection
due diligence
city entitlements
feasibility analysis
The principals at Kothe Real Estate Partners have over 45 years of combined development experience. The team has completed over $500,000,000 of commercial development projects including multi-family, hotels, mixed-use, land development, office, industrial, and lab space.
Recent developments in the Midwest include:
Hotel Indigo, Madison
Developer/Owner
901 E. Washington Avenue, Madison, WI
144-room boutique hotel
95,000 square feet
Adaptive reuse of a historic structure built in 1915 with a new five-story building addition
National Park Service HTC Part 1 and Part 2 approvals received in 2017
City and franchise approvals obtained in 2017
Opened in early 2019
Utilizing Historic Tax Credit, Property Assessed Clean Energy (PACE), and traditional financing
Holiday Inn Express & Suites, Weston
Re-Developer/Owner
4210 Barbican Avenue, Weston, WI (Wausau area)
103-room hotel built in 2007
Acquired hotel in October 2017
Comprehensive renovation completed in early 2018
Hotel Indigo / Fairfax Lofts, Kansas City
Developer/Owner
101 W. 11th Street, Kansas City, MO
118-room boutique hotel, and 27 apartment units
104,000 square feet
Adaptive reuse of a historic structure on the National Register
National Park Service HTC Part 1 and Part 2 approvals received in 2016
City approvals and franchise approval obtained in 2015
Completed December 2017
Qualified for property tax abatement
Utilized Historic Tax Credit, New Market Tax Credit, Brownfield Tax Credit, and PACE financing
3twenty Apartments
Developer/Owner
320 E. Wilson Street, Madison, WI
32-unit mixed-use development
29,000 square feet of new construction
City zoning approvals received in 2015
Completed April 2016
Hampton Inn & Suites, La Crosse Central
Developer/Owner
511 3rd Street, La Crosse, WI
126-room hotel
77,000 square feet of new construction
City zoning approvals and franchise approval obtained in 2014
Completed December 2015
Holiday Inn Express & Suites, Madison Central
Developer/Owner
610 John Nolen Drive, Madison, WI
111-room hotel
65,000 square feet of new construction
City zoning approvals and franchise approval obtained in 2013
Completed November 2014
Holiday Inn Express & Suites, Rock Falls
Developer/Owner
301 E. 2nd Street, Rock Falls, IL
68-room hotel
45,000 square feet of new construction
City zoning approvals and franchise approval obtained in 2014
Completed May 2016
Utilized New Market Tax Credit financing and City grant funds
Lumen House
Developer
142 W. Johnson Street, Madison WI
56-bedroom student housing apartment building
29,000 square feet
Adaptive reuse of a Registered Landmark structure built in 1892
City of Madison Landmark Commission and Common Council approvals received in 2013
Qualified for property tax exemption
Completed August 2014
Eagle Harbor Apartments
Developer
1360 MacArthur Road, Madison WI
36-unit affordable housing development with commercial daycare
44,000 square feet of new construction
City zoning approvals and WHEDA approval obtained in 2013
Utilized low-income housing tax credit financing
Completed September 2014
229 at Lakelawn
Developer/Owner (sold ownership interest)
229 W. Lakelawn Place, Madison, WI
59-bedroom student housing apartment building
23,000 square feet of new construction
Completed August 2012