Law360, New York (August 21, 2014, 4:04 PM EDT) -- Private equity partners are buying spates of California multifamily properties, not necessarily out of desire for the property but because funds are telling them to spend money there, creating a frenzied timeline for due diligence and contract negotiations and the potential for a bubble, lawyers say.
Multifamily is viewed as one of the safer real estate investments by private equity, and lawyers say all the big private equity firms that buy real estate are aggressively looking for multifamily deals up and down the Golden State, from San Francisco and the Silicon Valley, to Los Angeles and Orange County.
Although lawyers stopped...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!