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Agenda - Council - 08/24/2021
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Agenda - Council - 08/24/2021
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3/14/2025 3:07:01 PM
Creation date
9/30/2021 9:19:30 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/24/2021
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Rammsey,MN—TIF AmppUication06/30/21 <br />Part I_Corporation/Partnek'ship Description <br />Oppid«un <br />Oppidan Investment Company will be owner/developer of this development along with <br />RookpoinLGroup (Boaton. MA). (]ppidanisonational property development firm with <br />headquarters inMinnesota and offices inCalifornia and North Carolina. We've developed more <br />than 55Oprojects ms|uedatmorethan$4bU|ionandspanning25miUion'oquanefeeiihroughouL <br />38states and parts ofCanada. <br />Our more than 40 employees offer a full range of real estate services including asset <br />management, construction project monagoment.propedvmanagement.ondoapite|markeLs. <br />VVefocus onsenior housing, industrial and mixed -use developments. <br />The strength of our employees defines our success, and we are a team that feels more like <br />family. We work together seamlessly, sharing a relentless obsession with customer value and a <br />passion for what vvedo. <br />This camaraderie extends to Our client relationships, which are built around accountability and <br />respect. VVeare nimble. VVeare fast. \8Aaare efficient. When you partner with Op 'dan.youare <br />partnering with agility. <br />We are more than a partner. We are e friend you can trust because of our track record of <br />dependability and loyalty. We share your vision of striving to be best in class, and we're proud of <br />our 100% client retention rate for the past 30 years. <br />Rockpoint Group, LLC.("Rockpoint)iaa real estate private equity firm and Registered <br />Investment Adviser headquartered inBoston and with additional primary offices in San <br />Francisco, Dallas and London. <br />Rockpoint employs a fundamental value approach to investing and targets select product types <br />located inmajor markets inthe United States. Rockpointutilizes oconsistent strategy across <br />distinct return profiles through its opportunistic and growth and income investment <br />programs. Rookpoint targets ooeeto with intrinsic long-term ma|ue, at attractive prices relative to <br />replacement cost and stabilized cash f|ovvo, and with particular emphasis on value creation <br />opportunities and complex situations. <br />Since 1984. Rookpoint'o co-foundena' with o\hers, have sponsored 15 commingled funds and <br />related co -investment vehicles through Rookpoint and o predecessor firm. In total, they have <br />raised approximately $25 billion in equity capital commitments and invested or committed to <br />invest in 426 transactions with a total peak capitalization of approximately $64 billion (inclusive of <br />
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