Greenberg Traurig advised New York-based Kushner Companies in a $190 million acquisition of the 276-unit Hamilton apartment tower in Miami’s Edgewater neighborhood. The seller was Denver-based Apartment Investment and Management Co. (AIMCO). To finance the deal, Kushner Companies obtained a $125 million mortgage from Apollo Global Management, and Macquarie Group provided preferred equity. The price equated to $688,406 per unit, one of the largest valuations for a South Florida apartment complex in 2024. GT assisted Kushner Companies with the acquisition, financing, preferred equity, and land use matters. The GT deal team was led by Real Estate Shareholders Kristen Lonergan (New York) and Dan McCawley (Fort Lauderdale) as well as Miami Land Use Shareholders Iris Escarraá and Brian Dombrowski. Also on the team were Real Estate Associates Matthew Cannon (New York), Daniel Naydenov (Fort Lauderdale), Nicole Porzenheim McCain (Fort Lauderdale), and Tianja Samuel, JD/MBA (New York). #GTNews #RealEstate #GTMiami #GTFortLauderdale #GTNewYork
Great work team!
Congrats!
Congrats!
Congrats!
Member, Cozen & O’Connor
2moCongratulations to the entire GT and Kushner teams!