Nathan F. Ware

 Partner

Cleveland
T 216.861.7427  |  F 216.696.0740

Nathan Ware practices in the areas of corporate and tax and serves as co-leader of the firm’s Tax Credit Finance and Economic Development Incentives group. Nathan regularly advises new market tax credit (NMTC) participants in NMTC transactions, and has extensive experience with Historic Tax Credits (HTCs) and other forms of tax credits, as well. His vast experience means that he can efficiently assist clients without reinventing the wheel. Nathan is an active participant in various educational and industry programs, speaking and teaching at such programs throughout the year. For example, he recently presented a full-day workshop on advanced NMTC concepts at a Novogradac & Company conference. He is also a member of the NMTC working group, working to resolve technical regulatory and administrative NMTC program issues and the Historic Tax Credit Coalition.

Nathan also has significant experience in all matters related to partnerships and limited liability companies, including use, formation, operation, and tax. His engagements include small, regional venture capital funds, large strategic joint ventures, and multibillion-dollar international real estate funds. Nathan is unique in the legal industry in that he has personally developed, owned, and managed a number of real estate projects. He also served as interim President and CEO of a distressed hospitality venture, successfully navigating the failing venture from the red back into to the black. Finally, he managed a friends and family hedge fund and successfully executed several complex derivatives trades in the midst of the tech bubble burst. As such, he brings a unique perspective to his practice that enables him to approach transactions not only from a legal mindset, but from a practical business standpoint, as well.

Select Experience

New Markets Tax Credit Transactions
  • Mississippi Silicon: Served as counsel to a joint venture between RIMA S/A, a large Brazilian company, and a U.S. private equity firm in connection with a $42 million federal and a $10 million Mississippi state NMTC financing to develop a $200 million silicon metal production facility in Mississippi. The project also received senior financing from a German financial institution that was guaranteed by the German government. In addition, the state of Mississippi and the local government provided various grants and incentives to the project.
Historic Tax Credits
  • Historic Onesto: Represented developer in connection with the rehabilitation of the historic Onesto building located in Canton, Ohio, utilizing federal and state Historic Tax Credits.

 

Low-Income Housing Tax Credits
  • Represented developer in connection with acquisition and rehabilitation of affordable housing complex in Cleveland, Ohio, utilizing 9% Low-Income Housing Tax Credit financing.
Partnership & LLC Matters
  • Represented Phillips Edison & Company in connection with its formation and syndication of Phillips Edison Shopping Center Fund III, which raised approximately $275 million from domestic and international institutional investors and acquired a billion-dollar portfolio of value-added, anchored community shopping centers.

 


Leave a Reply

Your email address will not be published. Required fields are marked *

*

By submitting a comment here you grant this site a perpetual license to reproduce your words and name/web site in attribution.