Seller Accumulates Significant Value in Portfolio
Nahla Capital had the foresight to appreciate the potential value in accumulating a significant portfolio of assets in this market, and the sale involved a reinvestment by the sellers of a portion of the sale proceeds.
SAN FRANCISCO—Nahla Capital recently sold 30 rental apartment buildings, all located here, at a value of $260 million. The sale involved a reinvestment by the sellers of a portion of the sale proceeds in the purchasing joint venture at closing.
Hunton Andrews Kurth LLP advised Nahla Capital. The Hunton Andrews Kurth team was led by New York partners Carl Schwartz and Matt Scoville, and associates Michal Baum and Ida Phair.
“Nahla had the foresight to appreciate the potential value in accumulating a significant portfolio of assets in this market,” Scoville said.
Hunton Andrews Kurth’s real estate group advises clients on matters involving the full spectrum of commercial, industrial, retail, multifamily, hospitality and mixed-use properties. With more than 85 real estate development and finance lawyers, the group closed deals in 34 states and handled more than 185 transactions totaling $37.5 billion last year.
Nahla Capital is a New York-based real estate private equity firm that manages and invests capital for global private clients in core urban US markets, investing in value-add and opportunistic transactions.