Represented University in Acquisition of DC Office Building
Represented University in Acquisition of DC Office Building
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Represented a major university in its $31 million acquisition of a distressed office building in Northwest Washington, D.C., structured as a loan sale followed immediately by a deed in lieu of foreclosure. The agreement was structured to allow the buyer to exit the transaction at no risk if a clear path to ownership did not emerge and to avoid bankruptcy and similar risks, ultimately resulting in successful acquisition of the property.
