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Complications in Sale of Apartment Complex

August 15, 2007

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.

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For informational purposes only. Past success does not indicate the likelihood of success in future cases.