MIAMI--(BUSINESS WIRE)--Avila Rodriguez Hernandez Mena & Ferri LLP (“ARHMF”), a multi-practice business law firm, steered Pensam Capital, a Miami-based real estate investment firm, in connection with a preferred equity investment for the acquisition of sixteen multi-family apartment complexes totaling 3,382 units in four states. The transaction closed on March 10, 2016.
ARHMF represented Pensam Capital in the company’s preferred equity investment. For the transaction, Pensam partnered with a private Houston-based real estate investment firm that focuses on the acquisition of multifamily properties.
The deal involved the negotiation of more than twenty joint venture and operating agreements with partners in the transaction. Pensam and its partners also obtained Freddie Mac senior financing for the project from Holliday Fengolio Fowler L.P., a leading provider of capital markets transaction services to the U.S. commercial real estate industry.
“This transaction represents one of the largest preferred equity investments in Pensam’s history,” said Michael Stein, Principal at Pensam Capital. “Pensam has continued building a strong multihousing investment and preferred equity portfolio in a number of U.S. markets as part of its broader acquisition strategy focused on the multifamily rental apartment sector. This investment reinforces our position.”
Manuel Rodriguez, a partner in the firm’s Corporate, Mergers & Acquisitions practice led the ARHMF team comprised of attorneys Victor Recondo and Massimiliano Teia.
Avila Rodriguez Hernandez Mena & Ferri LLP is a South Florida law firm representing businesses and investors across multiple practice areas, including: Banking & Finance; Corporate; Immigration; Litigation & Arbitration; Real Estate; and Tax & Estates. ARHMF is a certified minority-owned law firm. Visit www.arhmf.com.