NEW YORK--(BUSINESS WIRE)--Duval & Stachenfeld LLP, the Pure Play in Real Estate Law, represented Commencement Capital LLC, an alternative investment program sponsor, in the launch of the public offering of up to $50,000,000 in common shares of NY Residential REIT, an investment program sponsored by Commencement Capital, under Regulation A under the Securities Act. As liberalized pursuant to the JOBS Act of 2012, Regulation A is now commonly known as “Regulation A+” and allows issuers wider latitude to launch “mini-IPOs” for the benefit of retail investors.
NY Residential REIT expects to use substantially all the net proceeds from the offering to invest in or acquire residential properties in Manhattan.
D&S has firmly established expertise in launching Regulation A+ offerings, adding to its existing capabilities in helping clients to raise capital. Managing Partner Bruce Stachenfeld said: “Here at D&S, we are always looking for new ways to achieve our mission of ‘helping our clients grow their businesses’. Evan Hudson – who chairs our Capital Markets Practice – takes this mission to heart and has been invaluable in helping us expand our real estate pure play into new and evolving facets of the capital markets.”
Evan Hudson added: “At D&S, we believe that Regulation A+ can be of significant use to our clients, and accordingly, we are very pleased to be in this space.”
The D&S team was led by Evan Hudson, with assistance from Patrick Duval (Corporate), Heather Wyckoff (Fund Formation), Zachary Samton and Beth Turtz (Real Estate) and associates Geoff Ward (Tax), Thomas Hand and Carolina Morales (Real Estate).
D&S is known for regularly handling the most complex and sophisticated real estate transactional work throughout the United States and globally. With close to 55 full-time real estate attorneys, the D&S Real Estate Practice Group has one of the largest real estate law practices in New York City. The Firm distinguishes itself with its pure play focus on real estate law. For more information, please visit www.dsllp.com.