Formation of Real Estate Funds That Purchased Over $160 Million in Tax Certificate Investments

J.I. Kislak, Inc.
Representation of J.I. Kislak, Inc., as sponsor of several closed-end real estate funds formed to invest in tax lien certificates in Florida, Alabama, Arizona, Colorado, Mississippi, New Jersey, and South Carolina. The funds raised over $100 million in equity and $60 million in debt. We handled the loan closings to leverage the acquisitions and assisted with all securities law compliance issues related to private placement of interests in the funds to prospective investors. The latest round was completed in 2018.
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