Negotiation of Master Option Agreement Home Site Acquisitions

Lennar Corporation
Representation of Lennar Corporation, one of the nation's largest homebuilders, in a deal with Starwood Land Ventures LLC, a Florida-based national real estate investment firm funded by Starwood Capital Group, to acquire or option more than 2,700 home sites in 38 communities throughout Florida that were originally obtained by Starwood in the TOUSA bankruptcy. We negotiated the master option agreement whereby Lennar obtained the option to acquire in stages more than 2,700 finished, entitled home sites in 38 communities throughout Florida.
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 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...
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...