RC Law advised a European family office in the acquisition of a 9.17% interest in a real estate private equity fund created to raise funds and seek financing to acquire the 1600 Market Street building in Philadelphia, Pennsylvania. The deal was structured through multiple corporate 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 property. Our clients’ ticket was $3,500,000. The issuer as represented by Duane Morris LLP of New York. The transaction closed in February of 2018.
