Shiboleth LLP Advises Gaia Genuine Estate in Acquisition of nine,five hundred Unit Multifamily Portfolio by way of Chapter eleven Bankruptcy Auction

New York, NY (PRWEB) May 24, 2012

Shiboleth LLP, a boutique international legislation organization with best-ranked transactional and litigation practices, today announced that it successfully represented its client Gaia Actual Estate in link with a $ 22.5 million investment decision of new fairness to obtain and recapitalize PJ Finance Company, which filed for Chapter 11 bankruptcy security in March 2011 and reemerged as a going issue on May eleven, 2012. Gaia Genuine Estate partnered with Starwood Funds, a major worldwide non-public investment decision organization, to full the acquisition.

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PJ Finance Companys property incorporate a multifamily portfolio consisting of in excess of nine,500 multifamily units situated in significant metropolitan locations during the substantial-expansion Sunbelt location. The portfolio was originally acquired in 2001 and recapitalized with much more than $ 540 million of securitized financial debt funding in 2006, at a valuation of $ 580 million. In March 2011, PJ Finance Firm filed for Chapter 11 individual bankruptcy safety. As component of the recapitalization settlement, the credit card debt has been restructured and the mortgage matures in 2020. While in Chapter 11, $ fourteen million was re-invested into the portfolio, and existing occupancy has substantially enhanced to much more than 90% as virtually one,000 units were brought again on-line.

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Amnon Shiboleth, Senior Associate of Shiboleth commented We are delighted to have been capable to help Gaia Actual Estate execute an essential strategic acquisition. We have lately expanded our corporate apply by means of our recruitment of leading experts, who served an instrumental part in this transaction. Our essential role in this transaction is an additional case in point of our corporate and genuine estate teams capabilities and our benefit proposition to our consumers.

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Danny Fishman and Amir Yerushalmi, Taking care of Companions at Gaia Real Estate, extra “We want to thank Shibboleth for the operate they have carried out even though representing Gaia Genuine Estate in this deal and especially to Moty Ben Yona, who did an superb work, was highly responsive and added significant worth to the offer.

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About Shiboleth LLP

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Shiboleth LLP is a boutique worldwide law organization, established in 1976 and centered in Manhattan with affiliated companies in Tel Aviv, Israel and Shanghai, China. The firm’s wide selection of transactional and litigation apply locations consist of corporate and commercial regulation, with specialised teams concentrating on M&ampA, securities, corporate finance and undertaking cash transactions, as nicely as regulatory, actual estate, taxation, intellectual home and higher-tech. Additional information about Shiboleth LLP can be found at http://www.shiboleth.com.

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About Gaia Real Estate

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Gaia True Estate, founded in 2009, is a Genuine Estate expense, residence administration and brokerage Business with headquarters in New York Metropolis and further offices in New Jersey, Texas and Israel. Gaia pursues a variety of actual estate investments with a emphasis on residential and business qualities. The group presently has 70 staff. Added data about Gaia Real Estate can be identified at http://www.gaiare.com.

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Associated Securitization Press Releases

Greenberg Traurig Advises Zakady Azotowe Puawy Associated to the Consolidation Arrangement with Zakady Azotowe w Tarnowie-Mocicach

Warsaw, Poland (PRWEB) September 28, 2012

The Warsaw business office of global law firm Greenberg Traurig Grzesiak sp.k. advised Zakady Azotowe Puawy S.A (ZAP), the leader of the Polish fertilizer sector with respect to a consolidation agreement with Zakady Azotowe w Tarnowie-Mocicach S.A. (ZAT). Earlier in 2012, the Warsaw staff efficiently represented ZAP in relationship with a defense towards a hostile tender offer you announced by Synthos. This consolidation will outcome in the creation of the premier chemical group in Poland and one particular of the largest in Europe.

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Greenberg Traurig’s Company &amp Securities team was led by Lejb Fogelman, a Senior Associate in the Warsaw business office. His follow focuses on intercontinental organization transactions in Poland, like private fairness, privatization, corporate reorganizations, joint ventures, financings, general public choices, and mergers and acquisitions. Fogelman was assisted by Piotr Szelenbaum, a Neighborhood Partner in the Warsaw workplace. He focuses on corporate law with an emphasis on money marketplaces and mergers and acquisitions.

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With a group comprising of far more than 50 attorneys, Greenberg Traurigs Warsaw business office provides a broad assortment of lawful companies involving mergers and acquisitions, privatizations, cash markets, personal fairness, asset securitization, fiscal restructurings, litigation, arbitration and personal bankruptcy proceedings, as nicely as tax and task finance constructions. The business office is often regarded as a leading regulation firm in Poland, and the the lawyers there there are regularly rated among Poland’s premier practitioners in numerous apply locations. Chambers Worldwide, Chambers Europe, IFLR1000 and EMEA Legal 500 constantly rank the business office in the leading tiers in the regions of Company/M&ampA, Capital Marketplaces, Personal Fairness, Tax, Banking and Finance, Energy, Actual Estate, Dispute Resolution and TMT.

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About Greenberg Traurig, LLP&#13

Greenberg Traurig, LLP is an intercontinental, total-service law organization with about 1750 attorneys serving clients from 35 places of work in the United States, Latin The usa, Europe, the Middle East and Asia. In the U.S., the organization has much more workplaces than any other between the Top ten on The National Law Journal’s 2012 NLJ 250. For added information, make sure you pay a visit to http://www.gtlaw.com.

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