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Firm Attorneys Closed a $22,600,000 Sale of a 216 Unit Apartment Complex and adjacent Townhomes Property in North Charleston, South Carolina

Matt Lamstein and Rebecca Calzontzi of the Firm’s Real Estate Practice Group, together with William Gartland of the Firm’s Corporate and Business Practice Group, closed the sale of a 216 unit apartment complex and adjacent townhomes property in North Charleston, South Carolina at a purchase price of $22,600,000. Mr. Lamstein and Ms. Calzontzi represented the Seller and related tenancy-in-common parties on the sale and like-kind exchange structure and transactions. Mr. Gartland assisted with the corporate aspects of the transaction. The transaction also included the firm’s representation in condominium matters relating to the sale and transfer of the townhomes.

Firm Attorneys Closed a $14,500,000 Acquisition, Redevelopment and Financing of a 338 Unit Apartment Complex in Mobile, Alabama

Matt Lamstein and Rebecca Calzontzi of the Firm’s Real Estate Practice Group, together with Alex Gayer and Max Sender of the Firm’s Corporate and Business Practice Group, closed the acquisition, redevelopment and financing of a 338 unit apartment complex in Mobile, Alabama. Mr. Lamstein and Ms. Calzontzi represented the buyer in the acquisition, redevelopment and financing aspects of the transaction. Mr. Gayer and Mr. Sender assisted with the corporate structuring of the transaction including the preparation of private placement memoranda, formation of the owner and management entities, drafting and negotiation of the operating agreements, and the preparation and completion of all required securities filings. The matter also involved the representation of the client in bringing in a substantial investment fund as an equity partner.

Firm Attorneys Closed a $8,000,000 Acquisition, Redevelopment and Financing of a 140 Unit Apartment Complex in Decatur, Georgia

Matt Lamstein and Rebecca Calzontzi of the Firm’s Real Estate Practice Group, together with William Gartland and Max Sender of the Firm’s Corporate and Business Practice Group, closed the acquisition and financing of a 140 unit apartment complex in Decatur, Georgia. Mr. Lamstein and Ms. Calzontzi represented the buyer in both its initial acquisition and financing as well as the tenancy-in-common structure arising as a result of like-kind exchanges. Mr. Gartland and Mr. Sender assisted with the corporate structuring of the transaction including the preparation of private placement memoranda, formation of the owner and management entities, drafting and negotiation of the operating agreements, and the preparation and completion of all required securities filings. Mr. Gartland also assisted in the drafting and negotiation of a construction contract and related documentation used in connection with the redevelopment of the property.
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