ABOUT US

Company Profile

Northland Enterprises, LLC is a Portland, Maine based limited liability company formed in 2001 by Rex S. Bell and Robert C. S. Monks for the purpose of acquiring multifamily properties. Since its inception, the company has drawn from its versatility to develop different project types, ranging from work-force and low income housing, to market rate apartments and student dormitories.  Specifically, Northland has developed an expertise in adding value to assets through creative financing, including Low Income Housing Tax Credits (LIHTCs), tax-exempt bonds, and Historic Tax Credits.  The principals have over 39 years of experience in the real estate industry.  They have backgrounds in construction, property management, brokerage, investment, consulting and development.  Mr. Monks is also a venture capitalist known for his ability to attract debt and equity for real estate and other business ventures.

Through various ownership entities, the partners have owned over 5,500 residential units and 1,080,000 SF of commercial space in their real estate careers. Northland's broad real estate expertise, financial capacity and close lender relationships allow the company to assess deals quickly and submit offers which are not encumbered with excessive contingencies. Northland acquires both market rate and subsidized B and C class multifamily properties with 100 units or more.  Projects located in stable neighborhoods which are in need of renovation or repositioning are of particular interest.