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News

Alex Gayer and Ralph Rosella Represented Two Prominent New York City For-Hire Vehicle Companies With Establishment of Regional Management Company

Alex Gayer and Ralph Rosella, of the Firm’s Corporate and Business Practice Group, represented two prominent New York City for-hire vehicle companies in connection with the establishment of a regional management company. The management company plans to enter into back-office management arrangements with for-hire vehicle companies in the tri-state area. In addition to negotiating initial management agreements, the representation included the preparation of a limited liability company agreement and related documents for the venture.

Firm Attorneys Closed a $12,775,000 Acquisition and Financing of a 160 Unit Apartment Complex in North Charleston, South Carolina

Matt Lamstein and Rebecca Calzontzi of the Firm’s Real Estate Practice Group, together with Alex Gayer of the Firm’s Corporate and Business Practice Group, closed the acquisition and financing of a 160 unit apartment complex in North Charleston, South Carolina at a purchase price of $12,775,000. Mr. Lamstein and Ms. Calzontzi represented the buyer in both its acquisition and a $10,220,000 Fannie Mae financing. The transaction included a like-kind exchange and tenancy-in-common structure. Mr. Gayer 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 tenancy-in-common agreements and the preparation and completion of all required securities filings.

Matthew Lamstein Named as One of the “Ones to Watch” in the Field of Law by the the Long Island Business News.

Matthew Lamstein of the Firm’s Commercial Real Estate Practice Group named as one of the “Ones to Watch” in the field of law in the December 16, 2016 Edition of the Long Island Business News. Mr. Lamstein co-chairs the firm’s real estate practice group where he focuses his practice on commercial real estate with particular emphasis on acquisitions, leasing and financing transactions. Mr. Lamstein has significant experience representing banks, insurance companies and other major financial institutions as well as owners and developers of real property in connection with complex commercial real estate transactions, including the structuring, financing, acquisition, sale and development of commercial, residential, multi-family and mixed-use properties throughout the United States. In the past year, Mr. Lamstein has closed over 30 multi-family syndicated transactions at a approximate value of $500,000,000. In a number of these transactions, Mr. Lamstein guided and advised his clients through complicated like-kind exchange and tenancy-in-common structures. Mr. Lamstein is a frequent lecturer on issues related to real estate law, with topics including commercial and ground leasing, commercial mortgage financing, acquisitions and sales of real estate, multi-family development and condominiums and cooperative housing corporations. His philanthropic efforts include work for The Long Island Jewish North Shore University Hospital Child Life Program, Sunrise Day Camps, The Institute for Student Achievement, as well as The Nature Conservancy and the Alzheimer’s Association. Mr. Lamstein is also a board member of the Advancement For Commerce Industry & Technology, Inc., which is an organization that promotes, develops and preserves business on Long Island. He earned a bachelor’s degree from Colgate University and a juris doctor from Cornell Law School. Mr. Lamstein is a member of the Suffolk County, New York State and Connecticut Bar Associations.

Firm Attorneys Closed a $4,300,000 Acquisition and Financing of a 104 Unit Apartment Complex in Hilliard, Florida

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 acquisition and financing of a 104 unit apartment complex in Hilliard, Florida at a purchase price of $4,300,000. Mr. Lamstein and Ms. Calzontzi represented the buyer in both its initial acquisition and $3,495,000 Fannie Mae financing. Mr. Gartland 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.

Firm Attorneys Closed a $21,000,000 Acquisition and Financing of a 278 Unit Apartment Complex in Savannah, Georgia

Matt Lamstein and Tara Primis of the Firm’s Real Estate Practice Group, together with William Gartland of the Firm’s Corporate and Business Practice Group, closed the acquisition and financing of a 278 unit apartment complex in Savannah, Georgia at a purchase price of $21,000,000. Mr. Lamstein and Ms. Primis represented the buyer in both its acquisition and $15,750,000 financing. The transaction included a like-kind exchange as well as a tenancy-in-common structure. Mr. Gartland 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.

Firm Attorneys Closed a $5,050,000 Acquisition and Financing of a 76 Unit Apartment Complex in North Charleston, South Carolina

Matt Lamstein and Tara Primis of the Firm’s Real Estate Practice Group, together with William Gartland of the Firm’s Corporate and Business Practice Group, closed the acquisition and financing of a 76 unit apartment complex in North Charleston, South Carolina at a purchase price of $5,050,000. Mr. Lamstein and Ms. Primis represented the buyer in both its acquisition and $3,787,000 financing. Mr. Gartland 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.
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