Development of Joint Venture for $56 Million Investment by Chilean Investors

Chilean Investment Fund and Individual Investors

Representation of a Chilean investment fund and individual investors in a multi-tiered joint venture to acquire and convert an apartment building to condominiums. Advised on domestic law relating to the formation and organization of multiple limited liability companies for the investors' acquisition vehicles. The transaction involved complicated international tax advice related to assuring portfolio interest treatment for the foreign investors.

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Jose Sariego
Partner
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Experience
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...
Experience
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...
Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
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