As Vice President and Project Partner, Nick Andersen is responsible for new project development, acquisition and financing. His daily responsibilities include analyzing new acquisition and development opportunities, determining project feasibility, overseeing design and construction, structuring partnerships and negotiating with lenders, investors and third
Since joining Dominium in 2007, Mr. Andersen has worked on a variety of project types including general partner interest acquisition, acquisitions and rehabilitation of existing apartment communities, ground-up new construction projects, as well as historic adaptive reuse projects.
During his tenure, Mr. Andersen has been involved in the acquisition and/or development of more than 3,400 apartment units, placement or assumption of nearly $200 million in debt, over $110 million in equity and totaling more than $345 million in total development cost.
Mr. Andersen graduated Cum Laude from the University of St. Thomas as an Aquinas Scholar with a Bachelor of Science in Real Estate Studies and a Bachelor of Arts in Entrepreneurship. His professional affiliations include the University of St. Thomas Real Estate Council and the Urban Land Institute (ULI). He serves on the Housing Initiative Committee with ULI Minnesota.
Mr. Andersen is a founding contributor to the Dominium Foundation which contributes to important housing and social service organizations in the communities where Dominium operates .
Year 15 is an important time for Low-Income Housing Tax Credit (LIHTC) properties. Partners must make decisions on the future of the property, but it is a complicated process and gets more complex the longer you wait. This panel will give a high-level overview of the year-15 exit process, including when to begin, what is […]