Real Estate Practice Closes on Transactions Valued at More Than $950 Million in a Month’s Time
The Real Estate practice has had a remarkable month, having closed on transactions valued at more than $950 million, including:
- A client’s buyout of their 75% JV partner in an LLC that owns a 5,500-unit multifamily apartment portfolio spread out over 17 separate properties out of state
- A client’s sale of a 50% interest in a large New Jersey mall, which involved the consent/assumption of the holder of the existing $170 million first mortgage loan and two mezzanine loans for an additional $42 million of secured financing
- A client’s sale of over 15 separate multifamily apartment buildings as part of a complex 1031 exchange
- The sale of a large portfolio of properties which included 1031 exchanges on each
The Brach Eichler team included Allen Popowitz, Alan Hammer, Al Habjan, Maura Cavallaro, David Ritter, Samantha Karni, Brian Peykar, Jessica Paige, Noelia Carreira, Sid Donica, Rebecca Cross, Lindsay Cambron, Christina Balbo, Eleanor Gilliland, Wendy Brower, Susan Lueddeke, Karen Cosseta and Nancy Eger.