Jeffrey C. Adams

Partner

Fax: 404.873.7015
Atlanta
171 17th Street NW
Suite 2100
Atlanta, Georgia 30363

Biography

Jeff is co-chair of the firm’s Affordable Housing industry team and a partner in the Real Estate practice group.  He works with for profit and non-profit real estate developers, as well as public housing authorities.  Jeff’s experience encompasses virtually every type of housing related development (including multi-family, mixed-use and urban redevelopments), as well as transactions involving public/private partnerships. Jeff handles matters involving the structure and formation of flow-through entities used for real estate acquisition, finance, development, management and construction. He negotiates partnership and limited liability operating agreements and oversees planning and restructuring in connection with real estate and housing transactions.

A unique aspect of Jeff’s background is that he is also a licensed Certified Public Accountant. This professional skill supplements his ability to provide financial sophistication not easily achieved by other lawyers. Because of his blend of talents, clients benefit from a well-rounded, business approach to their investments.

Experience

  • Representation of housing authority and affiliated entities in RAD conversion to Section 8 subsidy as well as low-income housing tax credit and tax-exempt bond financing for scattered sites.

  • Representation of owner/developer in the acquisition and financing for the construction of a 78-unit mixed-income rental housing facility, which included a combination of financing sources.

  • Representation of owner/developer in transaction involving a combination of tax-exempt bond, DCA HOME Loan and conventional debt financing for the acquisition and rehabilitation of a low-income multifamily housing property.

  • Representation of developer in connection with acquisition, construction and low-income housing tax credit financing for apartment community located in Lampasas, Texas.

  • Representation of developer in connection with construction financing and low-income housing tax credit financing for apartment community located in Greer, South Carolina.

  • Representation of developer in connection with construction financing, low-income housing tax credit and HOME financing for apartment communities located in Anderson, South Carolina, Moncks Corner, South Carolina and Summerville, South Carolina.

  • Representation of a developer in acquiring general partner interests and deferred developer fee rights associated with a portfolio of more than 100 LIHTC projects, including due diligence review and structuring the acquisitions, negotiating with project lenders and LIHTC investors to obtain necessary consents and revisions to original LIHTC transaction documents.

  • Representation in connection with $20-million, mixed-use development (including approximately 18,000 square feet of commercial space) located in Atlanta, Georgia, financed with both tax-exempt and taxable series of bonds, low income housing tax credits and CDBG funds.

  • Representation of co-developer in connection with acquisition and rehabilitation of the Imperial Hotel Permanent Supportive Housing Community in Atlanta, Georgia.

  • Representation of developer in obtaining $52-million construction loan and related financing for mixed-use development in Atlanta’s Midtown to contain retail, office space and residential condominiums.

  • Representation of for profit owner/developer in joint venture with the Augusta Housing Authority in connection with multi-phase, low-income/public housing apartment community.

  • Representation of multi-family housing development located in Atlanta, Georgia, financed with tax-exempt bonds, historic rehabilitation tax credits, and low income housing tax credits.

  • Representation of multiple borrower entities in connection with closing of HUD/FHA 223(f) refinancing and corresponding redemption of tax-exempt bonds.

  • Representation of nonprofit developer in obtaining Section 1602 tax credit exchange financing for multiple rural multifamily housing developments.

  • Representation of nonprofit owner/developer in connection with ARRA Section 1602 tax credit exchange financing.

  • Representation of owner/developer for 72-unit multi-family townhouse development located in Thomasville, Georgia, financed with low income housing tax credits and HOME funds.

  • Representation of owner/developers in connection with LIHTC and FHA 221(d)(4) financings for acquisition and rehabilitation.

  • Representation of private developer in connection with multi-phase, mixed-use urban redevelopment project located in Memphis, Tennessee, financed with HOPE VI funds, tax-exempt bonds and low income housing tax credits.

  • Representation in connection with $130 million, multi-phase, mixed-use urban redevelopment project (including multi-family and single-family housing) located in Atlanta, Georgia, financed with HOPE VI funds, tax-exempt bonds, low income housing tax credits and Federal Home Loan Bank AHP funds.

  • Representation in connection with 200-unit multifamily housing development in Ft. Worth, Texas, financed with low-income housing tax credits, conventional construction debt financing, and a TDHCA administered Housing Trust Fund loan

  • Representation in connection with mixed-use historic rehabilitation development located in South Carolina, financed with I.R.C.§ 47 historic rehabilitation tax credits and conventional debt financing.

  • Transactions involving the acquisition of a portfolio of general partner interests in partnerships that own multifamily properties throughout Georgia.

Credentials

  • Vanderbilt University, Juris Doctor — 1992
    • Assistant Editor, Vanderbilt International
    • Volunteer Income Tax Assistant Program
  • University of Kentucky, Bachelor of Science - Accounting — 1989,

    Honors Graduate with Distinction

  • District of Columbia 2013
  • State of Georgia 2000
  • Texas State Board of Public Accountancy (CPA) 1993
  • State of Texas 1992
  • United States Tax Court 1992
    • Georgia Affordable Housing Coalition, Board Member
    • American Bar Association—Section of Real Property, Trust and Estate, (Chair, Affordable Housing Committee, 2012–18; Vice Chair, Affordable Housing Committee, 2008–12; Chair, Multifamily Finance Committee, 2003–08)
    • American Bar Association Forum on Affordable Housing and Community Development Law, Liaison
    • Texas Affiliation of Affordable Housing Providers
    • American Bar Association—Section of Tax, Young Lawyer’s Division, Liaison 2000–02
    • American Bar Association—Tax Law Committee of Young Lawyer’s Division of, Chair, 1998–2000
    • Texas Society of Certified Public Accountants / American Institute of Certified Public Accountants

Recognition

  • Georgia Super Lawyers (Real Estate), 2012-13
  • “Rising Star,” Georgia Super Lawyers (Real Estate), 2005

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