DLA Piper Steers $125M Brooklyn Rental Property Deal

Law360, Minneapolis (March 17, 2016, 4:11 PM EDT) -- DLA Piper represented Greystar Real Estate Partners LLC in connection with its purchase of a pair of new rental buildings in Brooklyn from Adam America LLC for $125 million, according to records made public in New York on Wednesday.

The deal is for 246 N. 8th St. and 255 N. 7th St., buildings both companies refer to on their websites as 247 N. 7th St.

Capital One NA provided $14.75 million in new financing in connection with the purchase, and with assumption of existing debt on the property, Capital One's loan position now stands at $68.75 million, according to public records....

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