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Firms Attorneys Close Three Property Multi-Family Portfolio in Jacksonville, Florida

Matt Lamstein and Jessica Moore of the Firm’s Real Estate Group, together with Alex Gayer and Max Sender of the Firm’s Corporate and Business Practice Group, closed the acquisition and financings of three (3) separate multi-family properties in Jacksonville, Florida. Mr. Lamstein and Ms. Moore 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. Gayer and Mr. Sender assisted in the corporate structuring of the transactions, including the private placement memoranda, formation of the owner and management entities and the preparation and completion of all required securities filings. The three closings were valued at over $40,000,000 and enabled a good standing client to improve its existing multi-family portfolio by adding approximately more than 500 additional units within a single geographic area.