Gateway Development Corporation was formed for the purpose of developing and constructing multi-family apartment properties throughout the Southeastern United States. Since formation, The Gateway Companies have developed more than ninety properties.
Sound financial analysis is the cornerstone to all Gateway Development’s properties. At the same time the Tax Reform Act of 1986 eliminated many of the tax incentives for developers of multi-family housing, it created tax credits for low – to – moderate income properties. Many of Gateway Development Corporation’s new developments are structured to incorporate the use of these tax credits further securing the financial viability of the investments.
Through our acquisitions department, Gateway Development Corporation has demonstrated a keen ability to provide workable solutions to problem properties. Utilizing our in-house expertise on project conceptualization, feasibility determination, design, financing, and construction, we are able to provide technical assistance to a variety of issues that are important to the development process.
Each development requires a special approach. Since each community is unique and has a different set of problems and opportunities, it is important to work closely with each city to determine its development potential. It is our goal that each development be an asset to the community.
Gateway Development Corporation enjoys good relationships with lenders and syndicators. Our background includes properties financed Rural Development, State HOME financing agencies, HUD, tax exempt bonds, and conventional lenders.
The CEO of Gateway Development Corporation, Allan Rappuhn, first ventured into the apartment development/construction field in 1981.