Multifamily Residential

Representative Experience

  • Representation of a developer in connection with a multifamily residential anchored large scale, mixed-use development comprised of multifamily and single family residential components, a new elementary school, a community center, a YMCA, a bank branch and other retail amenities.
  • Representation of a developer in obtaining a $130 million, multi-phase, mixed-use urban redevelopment project (including multi-family and single-family housing) located in Atlanta, Georgia, financed with HOPE VI funds, tax-exempt bonds, low income housing tax credits and Federal Home Loan Bank AHP funds.
  • Representation of a developer in obtaining a $52,000,000 construction loan and related financing for a mixed-use development in midtown Atlanta to contain retail, office space and residential condominiums.
  • Representation of multi-family developers in structuring joint ventures with institutional investors, private equity funds and high wealth individuals, including the negotiation of fund/joint venture/syndication documents.
  • Representation of multi-family developers in the restructuring and workout of distressed loan transactions.
  • Representation of a multi-family developer in the acquisition of a fractured condominium project and the repositioning of that project as a for rent apartment project.
  • Representation of a developer/owner in connection with the development and financing of a mixed-use, multifamily rental housing and retail project, including a joint venture with a faith-based organization, FHA 221(d)(4) loan, and low-income housing tax credits equity investment.
  • Representation of an owner/developer of affordable multifamily housing projects in connection with financing comprised of tax-exempt bonds, low-income housing tax credits equity investment, and various other government subsidized funding sources.
  • Representation of a purchaser of a portfolio of affordable multifamily projects through the acquisition of general partner or managing member ownership interests.
  • Representation of for-profit owner/developers in joint ventures with various public housing authorities for the redevelopment of former public housing sites using funding from low-income housing tax credits, HOME funds, CDBG funds, and various operating and development subsidies.

  • Representation of developers of multifamily developments in connection with the negotiation and implementation of environmental due diligence and assessment, remediation and Brownfields Limitation of Liability from the Georgia Environmental Protection Division.
  • Representation of Atlanta, Georgia based apartment owner and manager in connection with the acquisition, disposition, and financing of 15,000+ apartment units located in Georgia, Florida, Alabama, South Carolina, North Carolina, Virginia, Maryland, Tennessee, Texas, and Colorado. These units were mostly class C apartments that were renovated after purchase, thereby creating value for the ownership group. The financing included traditional bank acquisition and renovation financing, and mini-perm refinancing in the CMBS and insurance company lending space. Though many of the transactions were single development deals, there were several portfolio acquisitions and dispositions.
  • Representation of Houston, Texas based investment builder in connection with the development, ownership, financing and, in several instances, disposition of seven luxury apartment developments in the greater Atlanta area containing over 2,000 class A luxury apartment units. These transactions including several multiple parcel land assemblages, construction and permanent financing, construction management activities, and sophisticated access and other easement rights with adjacent landowners. Many of these transactions were transit-oriented, which included direct negotiation and coordination with MARTA, the regional rapid transit authority.
  • Representation of Atlanta based apartment owner and manager in connection with the workout of CMBS and bank loans on three projects following maturity.
  • Representation of owners of 70+ year old midtown Atlanta apartment building in connection with the workout of a defaulted CMBS loan and the sale of the roof for use by telecommunication companies. This project included tax credit financing.
  • Representation of large South Carolina and Florida based apartment management company in connection with management and receivership following Fannie Mae foreclosures. This included various work related to 12+ properties in Georgia, Florida, North Carolina and Alabama in areas such as dealing with the former owners in connection with the misappropriation of rents, security deposits, laundry income and other revenue, negotiating with local governments over water and other unpaid utility charges, and general property management activities.