About Linden Street Investments
Background
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.
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
