Acquisition and Refinancing of Fractured Condominium Project in St. Petersburg

Pollack Partners

Representation of affiliate of Pollack Partners, an Atlanta REIT specializing in multifamily housing, in the acquisition of a St. Petersburg, Florida, fractured condominium from an affiliate of GE Capital. The acquisition consisted of 297 units in a 369-unit condominium and 213 rental units on non-condominium property. After closing, Natixis Real Estate Capital refinanced the purchase money financing.

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...