San Francisco Portfolio Sells for $260M
- Nov 09, 2018
Nahla Capital has sold a 30-property multifamily portfolio for $260 million. The properties total 400 units and are all located in San Francisco. Hunton Andrews Kurth LLP advised the seller during the transaction. The sale involved a reinvestment by the seller of a portion of the sale proceeds in the purchasing joint venture.
Hunton Andrews Kurth’s Partners Carl Schwartz and Matt Scoville, along with Associates Michal Baum and Ida Phair, led the team representing the seller.
“Nahla had the foresight to appreciate the potential value in accumulating a significant portfolio of assets in this market, and we are proud to have been a part of the team for an exciting and important transaction for Nahla,” said Scoville, in a prepared statement.
In April, Schwartz was part of a team that represented a joint venture between Sumaida + Khurana and LENY, in landing $155 million in construction financing for the development of an upcoming luxury condominium in Manhattan.
Image courtesy of Hunton Andrews Kurth