$96.4 Million Acquisition and Financing of Affordable Housing Complex

Multifamily Housing Provider

Representation of a New York-based multifamily housing provider in the $96.4 million acquisition and $80.4 million financing of a large affordable housing complex in Broward County, Florida, which included the negotiation and issuance of preferred equity. Also resolved an ADA and FHA complaint raised against the client and separately counseled the company’s management team on handling related requests for reasonable accommodations.

Terry M. Lovell
Partner, Head of Affordable Housing and Tax Credit Practice
Liana M. Kozlowski
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...