Case Study

179D Case Study: Linden Street Investments

    • Feb 13, 2025
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About Linden Street Investments

Linden Street Investments, established in 2013, focuses on acquiring, repositioning, and developing mixed-use, multi-family housing in vibrant urban centers across the central and eastern U.S. Linden Street targets cities with strong economic growth, walkability, and transit-oriented development, collaborating with local officials and utilizing public incentives. Through strategic partnerships with local experts, Linden Street successfully develops residential projects in emerging, under-invested downtown areas.

Details Of Their Qualifying Buildings

The Leyton team collaborated with Linden Street Investments on two Wisconsin properties, exceeding energy efficiency standards with a new HVAC system, upgraded mechanicals, and efficient lighting. These upgrades were key in qualifying for a tax deduction, reflecting their commitment to sustainable construction.

Construction of The Quin Apartments began in August 2017 and was completed in 2018. Linden Street’s strategic planning and energy-efficient design earned a $1.80 per square foot deduction for the 100,000-square-foot mixed-use property.

The Yards, Linden Street’s second multi-family project, is a 78-acre mixed-use zone. The building offers 86 apartments and 1,800 SF of retail space. Construction began in December 2018 and was completed in April 2020, with this building qualified for a $1.80 per square foot deduction.

The Benefit

The §179D Energy Efficient Commercial Building Property Deduction allows commercial building owners, owners of multi-family residential properties over three stories, and designers of public and tax-exempt entity buildings to claim a tax deduction for installing qualifying energy-efficient features.

Linden Street Investments secured a total benefit of $323,638.20 in tax savings for the two residential property constructions with The 179D Tax Deduction. The Leyton team provided additional support by assisting Linden Street CPAs with various tax forms.

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Working with the Leyton team was a breeze—communication was quick, smooth, and effortless, making the entire process seamless.

Scott Richardson – President Linden Street Investments

Are you a builder, developer, or contractor? Talk to our team to see if you qualify.

Our in-house team of highly experienced scientists, engineers, tax consultants and attorneys would love to answer all your questions.

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