Rich Morehouse is a partner in KJK’s Real Estate & Environmental and Economic Development & Incentives groups. He structures and closes real estate transactions that layer multiple public incentives into one capital stack. His work includes federal and Ohio historic tax credits, low-income housing tax credits, Transformational Mixed-Use Development credits, tax increment financing, C-PACE, Opportunity Zone equity, Enterprise Zone agreements, JobsOhio grants, port authority sales tax exemptions, and brownfield funding. He also represents owners in property valuation appeals before county boards of revision and the Ohio Board of Tax Appeals, and advises on construction contracting.
Rich has a deep background in commercial real estate. He was a licensed commercial real estate appraiser with regional and national valuation or real estate services firms. He managed property tax compliance and incentives for a NYSE-listed developer and operator with a $10 billion national portfolio. He began as an analyst at the Public Utilities Commission of Ohio. That background lets him test a deal against the numbers, not just the law. He anticipates what appraisers, lenders and tax credit investors will ask.
This article features insights from professionals at C. P. Braman & Co., CBRE, Integra Realty Resources, Cushman & Wakefield | CRESCO, and Newmark. Real estate as an industry is one where informational asymmetries can have a significant impact on outcomes....
Many Ohio counties are already in the process of developing valuations for countywide reappraisals or triennial updates. Soon these counties will be publishing, mailing or providing notices of property assessments as required by Ohio law. Ohio Revised Code 5715.17...
Following on its decision in Tyler v. Hennepin County in 2023, the Supreme Court of the United States again waded into the thicket of tax foreclosure and enforcement in its ruling this week in Pung v. Isabella County, a case arising out of Michigan. Justice Alito’s...
