Advised Rialto Capital and Lennar Corporation in connection with the formation of two funds: (1) Rialto Real Estate Fund, LP, a $700 million closed-end real estate investment fund focused on distressed real estate investments, and (2) Rialto Real Estate Fund II, LP, a $1 billion real estate investment fund. In addition, we assisted with the tax structuring and securities law compliance issues related to the private placement of interests in the funds to prospective investors.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
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 inv...