In this month’s Historic Tax Credit Tool Box article in the Novogradac Journal of Tax Credits, Cindy Hamilton discusses Magnolia Point in Birmingham, Alabama, a thoughtful redevelopment in the city’s Southside neighborhood. Capstone Real Estate Investments, with a keen eye for adaptive reuse, has successfully revitalized this historic building with an investment of $5.4 million—a figure that, while modest compared to larger HTC projects, underscores the potential of smaller projects to effect meaningful change.