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November 6, 2021

King & Spalding advises Greystar Real Estate Partners in $3.5 Billion joint venture sale of 30 multifamily properties

King & Spalding advised Greystar Real Estate Partners, LLC on a $3.5 billion joint venture agreement with Ivanhoé Cambridge. In the transaction, Greystar’s Equity Partners Fund IX sold 30 multifamily properties containing approximately 9,924 units in California, Arizona, Florida, Virginia, Washington, Illinois, Georgia, Colorado, New Jersey, Minnesota and Massachusetts to the new joint venture.

The King & Spalding team on this transaction was led by partner Jennifer Morgan and includes Rachel Shepardson, Ivan Hui, Samantha Cline LaMacchia, Jake Heyka and Matthew Shevrin. Wayne Pressgrove and Andrew Todd provided tax expertise.