Longwell Riess, L.L.C.

What Longwell Riess, L.L.C. does

Longwell Riess, L.L.C. is a New Orleans-headquartered boutique law firm founded in 2023 by A. Kelton Longwell and Megan C. Riess, with approximately 9-10 attorneys operating across four U.S. offices (New Orleans HQ, St. Louis, Houston, Washington D.C.). The firm delivers specialized legal services across nine integrated practice areas — Affordable Housing, Community & Economic Development, Real Estate & Development, Historic Preservation, Commercial Finance & Lending, Tax, Corporate & Business Transactions, Sports & Entertainment, and Construction — with deep concentration in Low-Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC), and federal/state historic tax credit financing transactions.

The firm serves a primarily institutional client base spanning for-profit and nonprofit affordable housing developers (Gulf Coast Housing Partnership, Clarity Development, SBP, MGM Development), community development entities and CDFIs (AMCREF Community Capital, Home Bank, Credit Human), government agencies (NORA), and specialty operators such as SMG (a subsidiary of ASM Global, for which the firm serves as outside general counsel on the $450M Caesars Superdome renovation and Smoothie King Center). The multi-disciplinary structure is the firm's core architectural feature: rather than siloed practice groups, attorneys are deployed across the full development lifecycle — site control, entity formation, layered financing (tax credits plus conventional debt plus public sources), construction, leasing, and ongoing compliance.

Commercially, Longwell Riess operates as a sales-led professional services firm on a quote-based fee model tied to transaction complexity. Business development is driven primarily by client referrals, industry conferences (Novogradac NMTC Conferences, ABA Forum on Affordable Housing & Community Development), and thought-leadership content such as the published Affordable Housing Roadmap. The firm's revenue model is professional services fees on transactional mandates and ongoing counsel engagements, with no disclosed recurring subscription, SaaS, or technology revenue layer.

Name

Longwell Riess, L.L.C.

Legal name

Longwell Riess, L.L.C.

Website

https://longwellriess.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Longwell Riess is a New Orleans-headquartered boutique law firm with approximately 10 attorneys across four U.S. offices, specializing in LIHTC, NMTC, and historic tax credit financing for affordable housing developers, CDFIs, lenders, and government clients.

Ownership category

akta.pro rank

Headquarters

HQ city

New Orleans

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Legal Services: Longwell Riess provides legal representation and counsel to clients in real estate transactions, tax credit financing, affordable housing development, historic preservation, commercial lending, sports and entertainment, and construction matters. Revenue is generated through legal fees for transactional work, counsel, and representation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Longwell Riess is a boutique law firm providing specialized legal representation and counsel to developers, lenders, community development entities, and government agencies in affordable housing, real estate development, community development, historic preservation, tax credit financing, commercial lending, sports and entertainment, construction, and corporate transactions. The firm's core offerings center on structuring, financing, and closing complex transactions involving LIHTC, NMTC, historic tax credits, bond financing, HUD programs, and multi-source public-private partnerships. Services are delivered through nine integrated practice areas staffed by founding members, members, and associates across four U.S. offices.

Product overview

Longwell Riess, L.L.C. is a law firm offering specialized legal services across nine distinct practice areas. The firm operates as a unified legal practice rather than a platform product, with practice areas including Affordable Housing, Community & Economic Development, Real Estate & Development, Historic Preservation, Commercial Finance & Lending, Tax, Corporate & Business Transactions, Sports & Entertainment, and Construction. These practice areas are designed to work collaboratively to serve clients in complex real estate development, tax credit financing, and public-private partnership transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Legal Services Legal representation for developers, public housing authorities, and stakeholders in structuring, financing, and closing multifamily affordable housing developments using LIHTC, Tax Exempt Bond Financing, HUD programs, and public-private partnerships.
• Community and Economic Development Legal Services Specialized legal counsel for community and economic development transactions including new markets tax credits, community development lending, bond financing, public-private partnerships, and government incentive programs.
• Real Estate and Development Legal Services Comprehensive real estate and development counsel for property owners, developers, lenders, and investors covering all phases of development including site selection, acquisitions, title, land use, environmental matters, finance, and leasing.
• Historic Preservation Legal Services Legal representation in federal and state historic tax credit financing transactions, including bridge lending, facade easements, and ongoing compliance with historic preservation legal standards.
• Commercial Finance and Lending Legal Services Legal representation for banks, credit unions, community development lenders, and public entities in lending transactions from traditional real estate loans to specialized finance vehicles including construction lending and public finance.
• Tax Legal Services Strategic tax counsel focused on partnership tax, corporate tax, tax credits, exemptions and incentives with collaborative advisory on real estate development, affordable housing, and public-private equity investments.
• Corporate and Business Transactions Legal Services Legal advisory from start-ups to established businesses covering entity selection, formation, acquisitions, sales, mergers, investments, governance matters, and liquidation including real estate entities and nonprofit corporations.
• Sports and Entertainment Legal Services Specialty legal counsel on real estate and facility management matters for sports and entertainment clients including venue development, financing, and management for arenas, theaters, and stadiums.
• Construction Legal Services Legal guidance through construction processes including site control, bidding, procurement, contractor selection, scheduling, contracting, development agreements, permitting, zoning, and compliance with legal requirements.

Quantifiable outcome

• $450 million Caesars Superdome renovation successfully represented
• +2 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Holland & Knight LLP: Large national full-service firm with a strong affordable housing and community development practice. Comparable client base (developers, syndicators, lenders) and overlap on LIHTC/NMTC matters, but operates as a much broader portfolio.

Direct peers

• Bradley Arant Boult Cummings LLP: Regional firm with a notable affordable housing and community development practice across the Southeast. Comparable in serving developers, lenders, and CDEs on LIHTC and multi-source financing work.
• Husch Blackwell LLP: National firm with significant affordable housing, real estate development, and tax credit finance practices. Comparable in serving developers, lenders, and CDEs on LIHTC and community development transactions, with overlapping geographic coverage.
• Ice Miller LLP: Midwest-based firm with one of the largest public finance and affordable housing practices in the country. Directly comparable in LIHTC and tax credit syndication work and in geographic proximity to Longwell Riess's St. Louis office.
• Kutak Rock LLP: One of the largest U.S. law firms focused on public finance, affordable housing, LIHTC, and community development. Directly comparable in core practice areas (LIHTC, tax credits, real estate, public finance) that drive most of Longwell Riess's revenue.
• Nixon Peabody LLP: National law firm with a market-leading affordable housing and community development finance practice. Comparable in serving developers, syndicators, and lenders on LIHTC, NMTC, and HUD-related transactions.
• Venable LLP: National firm with a dedicated affordable housing, community development, and tax credit practice. Directly comparable in serving developers and investors on LIHTC, NMTC, and historic tax credit transactions.
• Dinsmore & Shohl LLP: Full-service firm with an active affordable housing and community development practice. Comparable in representing developers and lenders on LIHTC, HUD, and tax credit-driven transactions, particularly in the Midwest and Southeast.
• Novogradac & Company LLP: Specialty professional services firm (accounting, legal, consulting) focused on LIHTC, NMTC, and historic tax credits. Highly comparable niche focus on the same federal incentive programs that anchor Longwell Riess's practice.
• Polsinelli PC: National firm with a substantial affordable housing, real estate, and community development practice. Directly comparable in serving developers, public housing authorities, and lenders on LIHTC and multi-source financing transactions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/longwell-riess-l-l-c

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Longwell Riess, L.L.C.