Partnership Buyout and Restructuring

Co-Manager of Limited Liability Company

Representation of co-manager of limited liability company owning significant portfolio of properties with an estimated value in excess of $50 million. Advised on the buy-out of the ownership interests of the other co-manager (and associated investors) during litigation between the principals. Thereafter, advised on an organizational restructuring and the negotiation and documentation of new operative joint venture agreements.

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John C. Sumberg
Chairman
Adam D. Lustig
Practice Group Leader, Real Estate
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Experience
Representation of real estate investors in limited partnership derivative suits. Investors sought millions of dollars in damages, based on the diminution of the value of their investment and lost opportunities.
Experience
Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in S...
Experience
Corporate restructuring of 25-year-old institutional real estate investment and development firm that has managed more than a billion dollars in assets. Assisted with the development of a "shared vision" by company stakeholders who held somewhat disparate views. Creation of a consensus corporate str...
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