Womble Bond Dickinson provides a comprehensive approach to representing companies in the multi-family sector. We guide clients through all phases of a successful multi-family community - from acquisition, financing and development through day-to-day operations and risk management, and finally to disposition.
Our experienced multi-family real estate lawyers counsel clients in managing developments, acquisitions, dispositions, and financings of large-scale, mixed-used and stand-alone multi-family apartment and residential communities throughout the US.
In addition to our work relating to the acquisition, development and financing of multi-family projects, we have experience in Fair Housing, Americans with Disabilities Act (ADA), mold and toxic tort, tax credits, employment matters, and in handling sophisticated multi-asset government-sponsored enterprise (GSE) credit facility transactions. Should the need arise, we also assist our clients in litigating any disputes.
We represent a broad array of multi-family clients, ranging from local and regional developers operating in their home markets to national developers and institutional investors that are developing and acquiring communities across the country. We also represent foreign investors in acquiring United States assets.
Clients also turn to us for assistance with public/private multi-family projects such as affordable housing developments.
Government-sponsored enterprise (GSE) and US Department of Housing and Urban Development (HUD) financing
Construction, permanent, and mezzanine financing
Institutional and accredited investor equity
Credit facilities
Tax credits
Recapitalization
Pre-Development and development
Construction documents
Reciprocal easement agreements (REA)
Development documents
Operations and management
Property management
Leasing
Telecommunications services
Employment
Regulatory compliance and risk management
Privacy
Data protection
Fair housing
Americans with Disabilities Act (ADA)
Indoor and other environmental issues
Sale / disposition
Like-kind exchanges
Sale or recapitalization
Examples of work
Advised a regional developer in the recapitalization and refinance of a 950+ unit apartment community located in Maryland including redemption of existing institutional equity partner, defeasance of a mortgage loan and closing of a new mortgage loan
Represented national developer in a financing transaction involving a construction loan and institutional equity from a California based pension fund for the development and construction of a 328-unit apartment community in Tennessee
Represented a national multi-family developer in the acquisition and financing of an assemblage of three adjacent parcels in South Carolina
Represented national developer in a land acquisition, life insurance company construction loan and institutional equity financing for a redevelopment of land in Washington, DC with a new mixed-use apartment community including 500+ rental units, structured parking, and ground-floor retail
Represented regional multi-family developers in a private/public partnership for the redevelopment of five distinct development “blocks” in the City of Rockville, Maryland with a mixed-use project comprised of public and private mixed-use improvements
Advised a joint venture formed by a multi-family asset manager and a private equity investor in the restructuring of senior mortgage, senior mezzanine and junior mezzanine loans in the aggregate principal amount of approximately $330 million previously advanced by a foreign financial institution and secured by 7 multi-family apartment assets located in the Washington, DC metropolitan area
Overview
Overview
In multi-family real estate, "Risk versus Reward" is more of an ongoing conversation than a one-time dilemma. We frequently work with investors and developers in this area, helping clients control risks and drive value throughout the lifecycle of their multi-family assets.
Our group represents clients in real estate transactions and disputes involving multi-family real estate throughout the United States. We also provide ongoing legal counsel to clients who own and operate multi-family communities, advising on day-to-day operations, risk management, and regulatory compliance issues.
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Key Contacts
Our Multi-Family Acquisition Development and Management Attorneys
Our Multi-Family Acquisition Development and Management Services
Our multi-family real estate attorneys are master coordinators who ensure your Our multi-family real estate attorneys are master coordinators who ensure your real estate transactions go smoothly. We assist with document preparation, negotiations, due diligence, and closing, so we're involved in nearly every aspect of our clients' acquisitions, dispositions, and financings.
go smoothly. We assist with document preparation, negotiations, due diligence, and closing, so we're involved in nearly every aspect of our clients' acquisitions, dispositions, and financings.
Transactional Areas of Experience
Acquisition, construction and permanent loans
Private loans and HUD financing
Fannie Mae and Freddie Mac loan transactions, some involving sophisticated multi-asset credit facility transactions
Institutional and accredited investor equity-backed loans
Credit facilities
Mezzanine financing
Recapitalization
Joint venture agreements between parties in complex deals
We work closely with local and regional real estate firms and national developers operating in 100+ markets on multi-family real estate acquisition, pre-development, and development nationwide. Our experience is relevant to large-scale communities, public and private mixed-use properties, and projects with affordable housing components. As a result, our team's attorneys stay informed about the multi-family sector and trends as they develop.
Legal Support for Multi-family Real Estate Development
Organizational and Development Documents
Purchase and sale
Reciprocal easement agreements (REA)
Construction documents
Project due diligence
Tax credits and economic incentives
Ground leases
Like-kind exchanges
Our firm provides ongoing counsel to clients who own and operate multi-family communities, so we're very familiar with these companies' operational issues, regulatory needs, and risk management challenges.
Multi-family Real Estate Management: Areas of Experience
Need legal advice and guidance in Multi-Family Acquisition Development and Management?
Our team is able to help provide solutions to you and your organization. Browse through our lawyers and professional staff to find the right attorney near you.
Examples of our work and how we’ve helped companies of all sizes with a wide range of challenges.
Advised a regional developer in the recapitalization and refinance of a 950+ unit apartment community located in Maryland including redemption of existing institutional equity partner, defeasance of a mortgage loan and closing of a new mortgage loan
Represented national developer in a financing transaction involving a construction loan and institutional equity from a California based pension fund for the development and construction of a 328-unit apartment community in Tennessee
Represented a national multi-family developer in the acquisition and financing of an assemblage of three adjacent parcels in South Carolina
Represented national developer in a land acquisition, life insurance company construction loan and institutional equity financing for a redevelopment of land in Washington, DC with a new mixed-use apartment community including 500+ rental units, structured parking, and ground-floor retail
Represented regional multi-family developers in a private/public partnership for the redevelopment of five distinct development “blocks” in the City of Rockville, Maryland with a mixed-use project comprised of public and private mixed-use improvements
Advised a joint venture formed by a multi-family asset manager and a private equity investor in the restructuring of senior mortgage, senior mezzanine and junior mezzanine loans in the aggregate principal amount of approximately $330 million previously advanced by a foreign financial institution and secured by 7 multi-family apartment assets located in the Washington, DC metropolitan area
Testimonials
“…Has strong industry and local market knowledge.”
Chambers USA
“We work with a number of law firms across the country and feel that WBD’s customer service and professionalism is best in class.”
Womble Bond Dickinson U.S. Client, Client Feedback Survey
“…Very responsive and thoughtful and can guide clients through a difficult and complex transaction.”
Chambers USA
“Very helpful in everything we have asked for and good advice, even beyond what we asked for.”
Womble Bond Dickinson U.S. Client, Client Feedback Survey
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