Formation of Opportunity Zone Fund for $500 Million Development

Community Developer

Representation of a community developer in the formation of a qualified opportunity zone fund, including preparation of fund documents and tax planning counsel, for its investment in the development of a mini-city in Melbourne, Florida. The $500 million project includes residential rental apartments, single family homes, a school, university dormitories, and office and retail shopping spaces.

Richard M. Goldstein
Chair, Tax & Private Wealth
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...