NEW YORK, October 3, 2017: Morgan Lewis represented Dutch pension fund investment manager PGGM in the restructuring of a joint venture and related transactions, as part of the acquisition of Monogram Residential Trust, Inc. by Greystar Growth and Income Fund, LP, a newly formed perpetual-life fund led by Greystar Real Estate Partners. The total portfolio transaction value was approximately $4.4 billion, including the PGGM joint venture and debt assumed or refinanced. The transaction closed on September 19.
The Morgan Lewis team advising in the transaction was led by partner Dan Nelson and associate Daniel Losk, with assistance from partners Christina Melendi and Peter Neger.