2021: Another Banner Year for Real Estate
In 2021, real estate wasn't just back. It was booming, with sectors and markets across the country experiencing record-breaking transactions and investment.
We are grateful for the opportunity to have helped our clients successfully close $3.6 billion in transactions involving the purchase, sale and financing of a wide variety of properties, including hotels and resorts, restaurants, office and medical buildings, senior housing facilities, multifamily and residential developments, agricultural land, shopping centers, and retail and industrial properties – in Central Florida and beyond.
Our attorneys had the privilege of handling nearly 500 real estate transactions for our clients during the year, including this small sample of highlights:
- Assisted a commercial real estate developer in the acquisition, financing and sale of several properties in the Southeast totaling in excess of $245 million.
- Handled the record-breaking sale of the 252-unit Lake House Ivanhoe apartment development, which was recognized as one of Orlando Business Journal’s 2021 Big Deals.
- Assisted a residential homebuilder in the acquisition, financing and sale of more than 25 properties throughout Central Florida.
- Handled the acquisition of a 183-unit senior living facility in Huntsville, Alabama
Many of these projects and more involved secured financing transactions, CMBS, recourse and non-recourse loans; ground and space leases; title insurance; land use; environmental issues; organizational structure and tax issues.
Lowndes is proud to have assisted our clients in achieving their real estate goals in 2021, and we look forward to helping them navigate the market for many years to come.