$2 Billion Class A Multifamily Equity Fund Formation
Lennar Multifamily Investors, LLC
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets investments in class A multifamily development assets in the top 25 United States metropolitan markets, with existing and future targeted investments valued at approximately $2 billion. Our team continues to represent Lennar with respect to new investors coming into and new investments acquired by LMV.
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...
Representation of a debt fund and property fund in connection with separate private placement fund offerings of limited partnership interests. Upon completion of the offerings, the funds expect to raise a combined amount of up to $4.0 billion.
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...