$76 Million Pacific Northwest Multifamily Acquisition

On August 8, 2016, Higgins & Brancheau LLC completed the acquisition and financing of a $76 million Pacific Northwest luxury apartment building for one of our real estate clients. The property contains 136 residential apartments (20% of which are affordable housing units) and 79 parking spaces. We represented the purchaser and its pension fund partner. Our tasks included contract and loan document negotiation, revision of certain restrictive covenants, extension of construction warranties, and title and survey review.