A multifamily real estate investment firm came to Faegre Drinker for legal counsel in a programmatic joint venture with an investment fund partner for acquisitions of build-to-rent multifamily projects. The acquisitions and financing were part of the joint venture program, the seller was a national homebuilder, and the scope of the project involves 192 single-family and townhome units in a subdivision in North Carolina for approximately $62.5 million, including acquisition financing.
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