We represented a publicly traded, retail-focused REIT in the formation of a joint venture with Goldman Sachs to acquire a shopping center in Dallas for $26 million and the contribution of an adjoining center to the joint venture for $54 million. The transaction involved tax issues related to the contribution of the adjoining property, the defeasance of an existing loan and new financing at the joint venture level.
Joint Venture and Property Acquisition for Retail REIT
Joint Venture and Property Acquisition for Retail REIT
We represented a publicly traded, retail-focused REIT in the formation of a joint venture with Goldman Sachs to acquire a shopping center in Dallas for $26 million and the contribution of an adjoining center to the joint venture for $54 million. The transaction involved tax issues related to the contribution of the adjoining property, the defeasance of an existing loan and new financing at the joint venture level.