ANDREW M. HAM
Managing Director, Urban Trust Capital
Jacksonville, Florida
As Managing Director of Urban Trust Capital (Urban Trust, LLC) a Jacksonville, FL based national tax credit real estate investment capital advisory firm Andrew Ham has been actively involved in originating federal and state historic and New Markets tax credit equity capital, advising on public/private financing structures and providing tax credit investment transaction advice since 1994.
Ham is a recognized expert on the financing of tax credit enhanced real estate and the structuring of public/private real estate transactions including Historic, New Markets and Low-Income Tax Credits. Ham has been involved in the investment community and downtown redevelopment industry since the early 1980’s beginning with managing the rehabilitation of downtown Lakeland and Tampa, FL historic office buildings and the syndicating of limited partnership interests in tax credit certified historic properties.
Mr. Ham received his BA Degree from Widener University and an MS in Urban Planning from Virginia Tech. He has lectured on tax credit equity financing and the rehabilitation of historic properties at the University of Florida and has also lectured at the University of Georgia, Athens. Ham is a frequent speaker on tax credit equity investments and adaptive reuse topics at professional seminars and state conferences.
The firm has a special expertise in structuring and financing investment transactions for public/private partnerships including nonprofit partnerships with for-profits. In addition to his tax credit advisory services Ham has provided financial advisory services to clients on tax-exempt financing, revenue bond financing, and federal Stimulus Bond financing for urban developments.
Ham’s tax credit client projects include: The $145 million mixed use project consisting of four historic buildings in downtown Jacksonville, FL, the Barnett Bank Tower and the Laura Trio as NMTC and HTC projects; The $6.5 million Five Points Theater Building mixed-use project in the Five Points neighborhood of Jacksonville, FL; The $12 million rehab of the former Ambassador Hotel into an urban La Quinta in downtown Jacksonville, FL; The $13.6 million rehab of the former Red Top Brewery as the Clyffside Brewery and Events Center in the Over-The Rhine neighborhood in Cincinnati, OH; The $8.6 million rehab of the Thompson Building into an Ascend flagged boutique hotel in downtown Hot Springs, AR; The $20 million tax credit rehab of the Lafayette Hotel in downtown Little Rock, AR; The $29 million tax credit rehab of the Carnegie Building/Marriott Courtyard in downtown Atlanta, GA; The $20 million New Markets and Rehabilitation Tax Credit rehab of an East Garfield warehouse into the L.E.A.R.N Charter School in Chicago, IL; The $6 million historic Tax Credit Phase I rehab of the Swift Mill in downtown Columbus, GA; Two New markets projects in Jacksonville: the McIntosh Community Achievement Center, a $10 million educational center and Pediatric health clinic and a $26 mm affordable housing manufacturing facility at the Port of Jacksonville; and the $5.4 million Historic Tax Credit rehab of The Castle in Buckhead, Atlanta into a boutique hotel and restaurant.
Until recently Ham was a partner in (4PM) Public Private Partnership Project Management, Inc. 4PM is a project management company serving as the Owner’s representative in development and construction projects from concept through construction. 4PM is involved with their clients from the concept, development of budgets (including both the Sources and Uses of the funds), selection of design professionals, selection of the general contractor, pricing, negotiations of the construction contract, funding and finally construction management. 4PM is currently managing the construction of two Georgia City Halls and four downtown historic buildings in Georgia communities.
In addition to his role in 4PM Ham was also recently a partner in (CDP) Community Development Partners, Inc., a boutique real estate development company specializing in public/private partnership development projects in Florida and Georgia downtowns. CDP’s adaptive re-use and historic projects include the Mitchell House Condo and Lofts in Thomasville, GA, three storefront mercantile buildings in Clarkesville, GA, and the Horne Building Lofts in Milledgeville, GA.
Ham was Managing Director of SouthEast Capital Services, LLC and its SouthEast Community Investment Fund, a capital investment firm based in Jacksonville, Florida. The Fund is a certified Community Development Entity (CDE) for the Federal New Markets Tax Credit program.
Ham’s real estate background includes development, leasing, lender sourcing, financial underwriting, property management and equity raising. He is an owner and/or partner in a number of real estate assets including apartment buildings, farmland and a residential loft project.
Ham’s professional affiliations include the Urban Land Institute, The National Trust for Historic Preservation, Historic Savannah Foundation and the Georgia Trust for Historic Preservation.
Ham is a Finance professional with more than three decades of experience in analyzing financial statements, building budgets, underwriting financial instruments, and structuring complex transactions involving multiple stakeholders in the real estate and community development sectors. He is a strategic thinker and systems builder with demonstrated ability to work under pressure while maintaining attention to detail.