RC Law Advised European Family Office in Real Estate Investments in Phila and DC

RC Law advised a European family office in connection with two investments in real estate private equity funds created to raise funds and to seek financing to acquire the One Union Center building in Washington DC and the 1600 Market Street building in Philadelphia, Pennsylvania. The deals involved private placements of U.S. securities through special purpose vehicles and the formation of multiple entities vehicles designed to issue equity interests to U.S. and non-U.S. persons, to obtain mezzanine and real estate financing and to manage the newly acquired properties. The clients’ aggregate investment was almost $7,000,000. RC Law acted for the European investors. The issuer as represented by Duane Morris LLP of New York. The transactions closed in December of 2016 and in February of 2018.