Industrial Warehouse Acquisition and Lease — Represented sponsor and lead investor in the acquisition and financing (30 days from property identification to closing) of an industrial subdivision/park comprised of 300,000 rentable square feet, with a total project cost of approximately $30,000,000, which included an office/warehouse lease of 150,000 rentable square feet executed at closing.
Distressed Real Estate Fund; Acqusition of Residential Subdivision — Represented a distressed real estate fund in its acquisition of a 400-lot residential subdivision with a total project cost of approximately $25,000,000, in connection with all redevelopment efforts needed to reconstitute the product offering, including revising the master plan; correcting title and survey defects; rezoning and other land use issues; procuring developer financing; redrafting subdivision covenants, establishing homeowner associations and implementing architectural controls; engaging approved builders; creating templates for builder lot options to purchase; and the formation of several townhome condominium regimes.
Retail Power Center Development — Represented the developer in its acquisition, financing, development and leasing of an 800,000 square foot power center with a total project cost of approximately $45,000,000, involving the assemblage of real estate, re-zoning, other land use planning, simultaneous sales to two anchor retailers, the procurement of municipal participation for new infrastructure and improvements to existing infrastructure for the project, and the leasing of the project, including, in-line space, outparcels and anchors and junior anchors.
Urban Loft Apartments Historic Rehabilitation — Represented the developer in its acquisition, development and financing of a historic office building and warehouse in a downtown/urban setting, with a total project cost of approximately $10,000,000, which included converting and rehabilitating the vacant structure into 74 loft apartments and underground parking, Alabama Housing Finance Authority bond financing, the sale of historic and affordable housing tax credits to an investor sponsored by Fannie Mae, and procuring a subordinated HUD/HOME Loan from the City of Birmingham, Alabama.
Multi-Family Acquisition and Equity Raise — Represented the sponsor and lead investor in the acquisition and financing of a 292-unit, new construction, Class-A, multifamily project in the North Central sub-market of Houston, Texas, with a total project cost of approximately $35,000,000, which included the simultaneous closing of an unregistered, private placement memorandum equity raise of approximately $5,000,000, a senior mortgage/deed of trust loan from a life insurance company of approximately $26,000,000 and a mezzanine loan of approximately $4,000,000.