Complications in Sale of Apartment Complex
John Rogers and Joe Kingma advised a Florida-based developer on issues arising from a contract to sell an apartment complex to a publicly traded REIT. The REIT used supposedly low occupancy numbers as a pretext to back out of the deal. Our client appeared to be on a collision course with expensive litigation. But we successfully helped them demand performance of the contract and the deal closed on schedule in August 2007.
For informational purposes only. Past success does not indicate the likelihood of success in future cases.