On- and Off-Shore Private Real Estate Fund Formations

JV Sponsor

Representation of a sponsor in the formation of two sets of on-shore and off-shore private real estate investment funds and their respective securities offerings to accredited investors in private placements, and in two joint ventures with co-developer for equity capital co-investment and co-development. The funds are targeted-asset funds, which were formed to raise capital to acquire, develop, and co-manage multifamily residential communities.

David M. Seifer
Practice Group Leader, Corporate & Finance
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...