Business Details
46 Years
experience
Your Trusted Partner for Multifamily Housing Solutions
Crown Equities Real Estate Development has been a leader in real estate development and property management for over 45 years. Our expertise spans sustainable multifamily housing, affordable housing, and senior living communities, with a focus on energy-efficient design and innovative financing solutions. We specialize in navigating HUD programs, tax credit initiatives, and mixed-use developments, delivering value through a vertically integrated approach that covers acquisition, development, construction, and long-term management.Our team of seasoned professionals brings deep industry knowledge and a commitment to quality, ensuring projects meet rigorous standards for sustainability and resident satisfaction. With a national footprint and offices in Minneapolis, Connecticut, and Ohio, we combine local market insights with nationwide resources to create thriving communities that enhance quality of life.
Services
Multifamily Housing
Affordable Housing
Property Management
Land Development
Energy-Efficient Construction
Details
- Year established: 1980
Highlights and features
- 45+ years of experience in multifamily and affordable housing development
- Expertise in HUD programs, tax credits, and adaptive reuse projects
- Commitment to energy-efficient, NGBS-certified green buildings
- Nationwide presence with local market expertise in 10+ states
- Comprehensive services from land acquisition to property management
Services
Multifamily Housing Development
Crown Equities Real Estate Development develops market-rate and affordable multifamily housing, including luxury townhomes and conventional apartments. Projects range from 50 to 752 units, utilizing HUD financing and tax credit programs. Our developments feature energy-efficient appliances, smart thermostats, and EV charging infrastructure to meet modern living standards.
Affordable Housing Management
We manage over 45 years of experience with Section 8 and tax credit properties, specializing in senior and workforce housing. Services include compliance with federal regulations, rent subsidy administration, and property maintenance. Our portfolio includes 4% and 9% Low-Income Housing Tax Credit projects across seven states.
Land Development
National Land Holdings secures municipal approvals for multifamily, mixed-use, and commercial developments. Services include feasibility studies, architectural drawings, and builder coordination. Current projects in pre-development include 2,000+ multifamily units in Connecticut, Minnesota, and Florida, with financing options from HUD to conventional loans.
Property Management
Crown Equities Real Estate Development manages 150+ properties nationwide, including senior housing, townhomes, and commercial spaces. Our services cover financial reporting, maintenance, tenant relations, and compliance audits. We utilize proprietary financial models to optimize returns for investors while maintaining 95%+ occupancy rates in stabilized assets.
Energy-Efficient Construction
All developments pursue National Green Building Standard certification, incorporating TPO cool roofs, WaterSense fixtures, and LED lighting. We reduce energy costs through solar panel installations and passive design strategies, qualifying for HUD Green MIP reductions. Recent projects achieved 30% lower utility use compared to conventional buildings.
People
Thomas LaSalle
Principal
With 45+ years in real estate, Tom oversees Crown's development and financing strategies. He manages a 600,000 sq ft office park and has led 1,500+ unit developments nationwide.
Jack Brandt
President
A 40-year veteran in real estate finance, Jack specializes in HUD loans and tax-exempt bonds. He holds degrees from University of Minnesota and William Mitchell College of Law.
Susan Veeder
Director of Finance
CPA with 20+ years in corporate finance, Susan manages investor relations and $500M+ in project financing. She holds an MBA from Carlson School and previously worked at Cargill and Liberty Mutual.
Richard Bienapfl
Chief Operations Officer
With 44 years in construction, Rich oversees project budgets and logistics for 6,000+ units and 4,000 hotel keys. His expertise spans site selection to furniture installation.
Derek Brandt
Executive VP-Development Services
Specializes in Low-Income Housing Tax Credit projects and HUD financing. Graduate of University of Iowa with 25+ years in affordable housing development.
Questions
What types of housing does Crown Equities develop?
We specialize in multifamily apartments, luxury townhomes, senior housing, and affordable housing developments across the United States.
Do you offer property management services?
Yes, we manage 150+ properties including market-rate apartments, tax-credit housing, and senior communities nationwide.
What financing options are available for your developments?
We utilize HUD loans, tax-exempt bonds, conventional financing, and Low-Income Housing Tax Credits (4% and 9%).
Are your buildings energy efficient?
All developments pursue NGBS certification with features like solar panels, WaterSense fixtures, and energy-efficient lighting systems.
In which states do you operate?
We develop and manage properties in Minnesota, Florida, Connecticut, Ohio, Pennsylvania, Illinois, Kansas, Indiana, and New Jersey.
Can I invest in your development projects?
Yes, we offer joint-venture opportunities and access to our investor portal for accredited investors seeking real estate partnerships.
