$1.3 Billion Strategic Land Investment Joint Venture Formation
One of the Nation's Largest Home Builders
Formation of strategic land investment joint venture between our client, one of the nation's largest homebuilders, and an affiliate of Morgan Stanley Real Estate Funding II, L.P. The joint venture, which has a book value of $1.3 billion, will acquire, develop, manage, and sell land for residential use. Concurrently, we also assisted the client in its sale of a $525 million diversified portfolio of land to the investment venture.
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