$102 Million Sale of Ft. Lauderdale High-Rise

American Land Housing Group

Representation of American Land Housing Group in preconstruction sale and financing of 409-unit high-rise adjacent to the New River in Ft. Lauderdale to an affiliate of the Carlyle Group. The project, developed on a ground lease from Broward County, sold for $102 million and was converted to a condominium shortly after closing.

Related Practices
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...