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As market rate apartments have become cost prohibitive to acquire over the past several years, ground up construction has become a more economically feasible option, especially with various federal, state, and local government tax credit programs. Lee Harris, President and CEO of Cohen Esrey, specializes in the development of 100-300 unit subsidized multifamily properties in the Midwest and Sunbelt markets, often with complex funding strategies. Cohen Esrey has managed more than 82,000 multifamily units since its formation.
