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Greenberg Traurig advises Ares on the acquisition of 2,900 residential units

Greenberg Traurig advised a fund managed by Ares Management on the acquisition of a portfolio of 2,900 residential units in Germany. The parties have agreed not to disclose the purchase price.

The residential units are located in large German cities such as Berlin, Leipzig, Essen and Dortmund. The portfolio comprises large residential complexes as well as classic turn-of-the-century buildings. Most properties are within close proximity of each location’s city centre. The portfolio’s total lettable area amounts to approximately 210,000 square meters.

Greenberg Traurig provided Ares Management with comprehensive advice on all legal aspects of the transaction.

Background: Greenberg Traurig regularly advises Ares Management on real estate transactions. Most recently, the team in particular worked for Ares on the acquisition and financing of the headquarters of IKB Deutsche Industriebank in Düsseldorf.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: Twitter: @GT_Law.