Attorneys

Experience

Ted Henneman is a partner in the Savannah office of HunterMaclean and practices in the area of real estate development, with a focus on affordable housing and financing through the use of I.R.C. § 42 Tax Credits.

Ted has over nineteen years experience in the field of affordable housing financing through the use of federal and state tax credits. In addition, Ted has specific experience closing HUD supported mixed financed projects, including projects financed in part though HUD’s HOPE VI program. Ted has experience closing tax-exempt bond financed projects, transactions involving the transition of public housing units to Rental Assistance Demonstration (RAD) units, HUD 221(d) (3) and (4) loans, HOME financing (both through the Georgia Department of Community Affairs and otherwise), and Federal Home Loan Bank financing. Ted represents profit, nonprofit, and 501(c)(3) companies in the development of affordable, multifamily housing and mixed-use projects.

In addition to his affordable housing work, Ted has a general commercial real estate practice. He has participated in the development of several commercial and office parks, the development and construction of market rate apartment complexes, mixed-use developments consisting of both housing and commercial components, and commercial building renovation and rehabilitation. He has vast experience in real estate matters and is an authorized title insurance agent for Ticor Title Insurance Company, Chicago Title Insurance Company, and Lawyers Title Insurance Company.

Ted received his B.A. from Colgate University in 1989 and his J.D., cum laude, from the University of Georgia School of Law in 1994. He is a member of the Georgia Affordable Housing Coalition, the Savannah Bar Association, and the Real Property Law Section of the State Bar of Georgia.

Representative Engagements

  • West Highlands Development, Atlanta, Georgia (2002-2007). This HOPE VI project with the Atlanta Housing Authority consisted of five phases of multifamily development and is part of the mixed-use, mixed finance redevelopment of the former Perry Homes public housing project. Construction of all five phases of multifamily development was completed in 2007.
  • MLK Senior Residences, Atlanta, Georgia (2005-2006). This project consisted of a two phase redevelopment of a former affordable housing project. The first phase consisted of the construction of a low-rise multifamily housing project for senior residents and closed in fall 2005. It was financed through both 9% tax credits and a loan endorsed under HUD’s 221(d)(4) program. The second phase closed in fall 2006 and consisted of the rehabilitation of a high-rise multifamily housing project financed through the use of 9% tax credits and institution financing.
  • Mechanicsville Redevelopment Project (2006-2010). This HOPE VI project with the Atlanta Housing Authority consisted of five phases of multifamily development, the last of which closed in January 2011. Sources of funds included 9% tax credits, HOPE VI funds provided through the Atlanta Housing Authority, and institutional financing.
  • Rose of Sharon, Savannah, Georgia (2006). Represented developer and owner in the acquisition and rehabilitation of a 206 unit multifamily apartment complex reserved for elderly residents. Sources of financing included a loan funded through the issuance of tax-exempt bonds and endorsed under HUD’s Section 221(d)(4) program and the syndication of federal and state tax credits allocated to the project.
  • Campbell Stone Apartments, Atlanta, Georgia (2006). Represented developer and owner in the acquisition and rehabilitation of a 342 unit multifamily apartment complex reserved for elderly residents. Sources of financing included a loan endorsed under HUD’s Section 221(d)(4) program, secondary financing provided by the Housing Authority of City of Atlanta, and the syndication of federal and state tax credits allocated to the project.
  • Ashford Parkside, DeKalb County, Georgia (2006). Represented developer and owner in the negotiation of a Master Developer Agreement with the Housing Authority of DeKalb County, Georgia. Represented developer and owner in the negotiation of institutional financing and secondary financing provided by the Housing Authority in connection with the first phase of the development, a 149 unit multifamily apartment complex reserved for elderly residents.
  • Sustainable Fellwood, Savannah, Georgia (2008-2010). Represented the developer in the redevelopment of the former Fellwood public housing project in Savannah, Georgia. The project consisted of three separate phases of multifamily development. The first phase consists of 110 units, the second phase consists of 110 units, and the third phase consists of 100 units for senior residents. Sources of financing included 9% tax credit, primary institutional debt financing through an institution lender, and subordinate debt financing through the Savannah Housing Authority.
  • Ashford Landing, DeKalb County, Georgia (2008). Represented developer and owner in the second phase of a redevelopment project with the Housing Authority of DeKalb County, Georgia, which consisted of a 117 unit multifamily apartment complex. Financing sources included 9% tax credits, institution financing, and secondary financing provided by the Housing Authority.
  • Savannah Gardens, Savannah, Georgia (2010-present). Represents developer in the ongoing redevelopment of over 40 acres in Savannah, Georgia, into multiple phases of affordable, multifamily housing. Phase I consisted of 115 units and closed in 2010. It was financed by 9% tax credits, Exchange funds, NSP funds, a CDBG loan, and private, institutional financing. Phase II is a HUD 202 project consisting of 40 units that closed in 2011. Phase III also closed in 2011, consists of 94 units, and was financed by 9% tax credits, a CDBG loan, and private, institutional financing.
  • Imperial Hotel, Atlanta, Georgia (2011-present). Represents the developer in a redevelopment of the Imperial Hotel in Atlanta, Georgia. The Imperial was a distressed property under a receivership order. The first phase of the project consisted of negotiating an acquisition of the existing first priority loan with Fannie Mae and standstill agreements with the subordinate lenders, GHFA and the City of Atlanta. The Fannie Note was eventually acquired, the receivership action dismissed, and the property transferred from the existing Borrower to the tax credit partnership by means of a negotiated deed in lieu of foreclosure transaction. Closing on new financing and a recapitalization and redevelopment of the project using 9% tax credits will occur in 2012.

 

In addition to the specific projects listed above, over the last seventeen years Ted has closed numerous multifamily housing projects financed in part through federal and state tax credits allocated by the Georgia Department of Community Affairs.

(Additional representative transactions and references available upon request.)

Recognition

Best Lawyers in America: Real Estate Law, 2013-2018

Best Lawyers is the oldest and most highly-respected peer review guide to the legal profession worldwide. A listing in Best Lawyers is widely regarded by both clients and legal professionals as a significant honor, conferred on a lawyer by his or her peers.

State Bar of Georgia: Business Commitment Pro Bono Award, 2013

The State Bar of Georgia’s Business Commitment Pro Bono Business Law Award honors the business law pro bono contributions of an individual lawyer to the nonprofit community and economic development sector in Georgia.

Lawyer of the Year: Real Estate Law, 2013

Edward O. Henneman, Jr. has been named the Best Lawyers’ 2013 Savannah Real Estate Law “Lawyer of the Year.”

Only a single lawyer in each practice area and designated metropolitan area is honored as the “Lawyer of the Year,” making this accolade particularly significant.

Lawyers being honored as “Lawyer of the Year” are selected based on particularly impressive voting averages received during the exhaustive peer-review assessments we conduct with thousands of leading lawyers each year. Receiving this designation reflects the high level of respect a lawyer has earned among other leading lawyers in the same communities and the same practice areas for their abilities, their professionalism, and their integrity.

Martindale-Hubbell: AV Rated

The Martindale-Hubbell® PEER REVIEW RATINGS™ are an objective indicator of a lawyer’s high ethical standards and professional ability, generated from evaluations of lawyers by other members of the bar and the judiciary in the United States and Canada.


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Publications & Presentations

Publications

Mercy Housing Southeast Sits at Revitalization Forefront

By Edward O. Henneman, Jr., published on September 7, 2011, in Business in Savannah.

A non-profit real estate development company that excels at creating affordable housing communities, Mercy Housing Southeast is committed to developing affordable, program-enriched housing for low-income families, seniors and people with special needs who lack the economic resources to access quality, safe housing opportunities.

Beginning with its adaptive reuse and historic preservation of the Florance Street School and Charity Hospital in 2002, which was converted into an 88-unit affordable housing development, Mercy Housing has played a prominent role in the development of affordable, multifamily housing in Savannah. Mercy’s initial development projects in Savannah concentrated on the Cuyler-Brownsville neighborhood.

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News

23 HunterMaclean Attorneys Listed in The Best Lawyers in America© 2018

HunterMaclean is pleased to announce that 23 attorneys from the firm were recently selected for inclusion in The Best Lawyers in America© 2018. Best Lawyers recognizes attorneys for significant achievements in their area of practice.

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21 HunterMaclean Attorneys Listed in The Best Lawyers in America© 2017

HunterMaclean is pleased to announce that 21 attorneys were recently selected for inclusion in The Best Lawyers in America© 2017. Best Lawyers, which is published annually in almost 70 countries, recognizes attorneys for outstanding achievements in their area of practice.

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20 HunterMaclean Attorneys Listed in The Best Lawyers in America© 2016

HunterMaclean, a leading business law firm with offices in Savannah and Brunswick, is pleased to announce that 20 attorneys from the firm were selected for inclusion in The Best Lawyers in America© 2016.

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HunterMaclean Attorneys Selected For The Best Lawyers in America® 2015

HunterMaclean is pleased to announce that 22 lawyers from the firm were recently selected by their peers for inclusion in The Best Lawyers in America® 2015.

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25 HunterMaclean Attorneys Selected for The Best Lawyers in America® 2014

HunterMaclean is pleased to announce that 25 lawyers from the firm were recently selected by their peers for inclusion in The Best Lawyers in America® 2014.

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Savannah Morning News Highlights Ted Henneman's State Bar of Georgia Pro Bono Award

HunterMaclean partner Ted Henneman will receive a special State Bar of Georgia Pro Bono Project Award in October for his outstanding contribution to Savannah’s affordable housing trust fund effort.

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HunterMaclean Attorney Ted Henneman Honored with State Bar of Georgia Pro Bono Award

Firm partner Ted Henneman received the State Bar of Georgia’s 2013 A Business Commitment Pro Bono Award, which recognizes exceptional business law pro bono contributions in Georgia.

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Real Estate Attorney Ted Henneman Represents Developers in Innovative Mixed-Use Project

Attorney Ted Henneman represented the developers in a project to convert a redbrick mill in Gastonia, North Carolina into a multiuse complex. After years of project design, environmental remediation, financial structuring, and related negotiation, the Loray Mill is finally moving towards a new future.

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28 HunterMaclean Attorneys Among 'Best'

HunterMaclean, a business law firm with offices in Savannah and Brunswick, has announced that 28 lawyers from the firm were selected for inclusion in The Best Lawyers in America 2013.

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