$102 Million Sale of Ft. Lauderdale High-Rise

American Land Housing Group

Representation of American Land Housing Group in preconstruction sale and financing of 409-unit high-rise adjacent to the New River in Ft. Lauderdale to an affiliate of the Carlyle Group. The project, developed on a ground lease from Broward County, sold for $102 million and was converted to a condominium shortly after closing.

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...