Day Pitney Represents Major Metro Pension System in Industrial and Multifamily Investment
In November 2022, Day Pitney represented a major metro pension system in connection with a multi-million dollar investment in a multi-billion dollar private real estate fund focused on acquiring a diversified portfolio of real estate assets focused on industrial and multifamily sectors as well as specialty sectors in manufactured housing, convenience & gas, car wash, student housing and self-storage. The Day Pitney Public Pensions team, consisting of Peter Bilfield, Shant Chalian, Lydia Lee, Tim Spiegel and Kim Morabito, with U.S. tax assistance from Justin Hannan, and with ERISA assistance from Liza Hecht, negotiated the terms of the amended and restated limited partnership agreement and side letters, securities, partnership, tax and enforceability opinions, subscription documents and advised the client on all aspects of the investment, including negotiating fee arrangements and investment policy, fiduciary duty, cause, investor reporting, fund termination and notice of material events provisions.
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The arrival of Tax Partner Ryan Leichsenring was featured in Law360 Pulse article "Day Pitney Adds Tax Partner From Robinson & Cole in Conn."
Day Pitney Real Estate Partner Jared Ross was featured in the Boston Globe article "Boston's Office-to-Residential Conversion Program Has Only a Handful of Takers So Far. Here's Why."
Day Pitney Tax Partner Ryan Leichsenring authored an article for the Hartford Business Journal titled, "Here's How to Avoid Common Pitfalls When Managing Charitable Assets."
The arrival of Ryan Leichsenring as a Tax Partner in Day Pitney's Hartford office was featured in the Bloomberg Law article titled, "Day Pitney Adds Leichsenring as Tax Partner in Connecticut."
The news of Ryan Leichsenring joining Day Pitney as a partner in the firm's Tax practice was featured in Thomson Reuters' The Daily Docket Industry Moves column.
Day Pitney Florida Real Estate chair Daniel Diaz Leyva is featured in Sun Sentinel's article titled, "Clouds Rising Over Banks? As Interest Rates Stay High, FAU Survey Handicaps Risks For Lenders With Big Books of Commercial Loans."
Day Pitney Miami Real Estate Partner Sandra Ferrera was featured in The Real Deal article "Is the Miami Hype Waning? In South Florida, Defaulted Debt Volume Skyrockets by 100%."
Day Pitney Press Release