Phone: 314.552.6813
Fax: 314.622.6713

Kim M. Brown

Shareholder

Real estate and finance form the core of Kim M. Brown’s practice, with an emphasis in real estate development projects financed using tax credits and other incentives.

Real estate developers, investors and lenders turn to Ms. Brown for guidance on transactions involving tax-exempt bond financing, low-income housing tax credits, historic tax credits and new markets tax credits.  Ms. Brown’s practice also includes advising clients in the acquisition, disposition, financing and leasing of office, retail, industrial and multi-family residential properties, and assisting lenders in documenting and closing commercial real estate and asset-based loans.

Memberships and Affiliations

  • American Bar Association
    • Forum on Affordable Housing and Community Development Law; Real Property Probate and Trust Section
  • The Missouri Bar
  • Bar Association of Metropolitan St. Louis
  • Commercial Real Estate Women, St. Louis Chapter

Experience

  • Representation of letter of credit provider in $32 million rehabilitation of a historic building into a hotel with commercial space financed with tax-exempt bonds, federal historic tax credits and new markets tax credits and using a “sandwich lease” structure
  • Representation of investor and bridge lender in $86 million rehabilitation of a historic building into affordable and market-rate apartments, for-sale condominiums and commercial space financed with Missouri and Federal historic tax credits, Missouri and Federal low-income housing tax credits, new markets tax credits and brownfield tax credits
  • Representation of investor in $8 million affordable housing development as part of larger condominium project involving market-rate and affordable apartments, for–sale condominiums and commercial space financed with non-federal economic development grant funds, proceeds from the sale of Iowa Enterprise Zone Tax Credits, sales tax rebate proceeds and low-income housing tax credits
  • Representation of developer in connection with acquisition and development financing for eight projects in downtown St. Louis totaling over $140 million
  • Representation of investor in multi-million dollar rehabilitation of a historic building into market-rate and affordable apartments and first floor commercial space financed with HOME and CDBG funds, Federal and Wisconsin historic tax credits and low-income housing tax credits using a “sandwich lease” structure
  • Representation of investor in $16 million rehabilitation of a historic building by a non-profit developer into a single room occupancy drug and alcohol-free housing development with supportive services for homeless residents financed with numerous Federal and non-Federal grants and subsidies and Federal low-income housing tax credits
  • Representation of investor and leveraged lender in two multi-million dollar expansions of manufacturing facilities using new markets tax credits