David Itskovich, South Florida real estate team leader with Nelson Mullins Broad and Cassel. Courtesy photo Real Estate Transactions Award: Nelson Mullins Broad and Cassel
A $387 million apartment portfolio deal requiring 21 simultaneous closings in two states led the deals arranged by partner David Itskovich.
October 12, 2020 at 06:00 AM
2 minute read
A Nelson Mullins Broad and Cassel legal team led by Boca Raton partner David Itskovich executed nearly $1 billion in real estate deals in 2019, led by a $387 million acquisition of a 4,448-unit affordable housing portfolio in 21 communities in Florida and Texas.
The far-flung portfolio sale required 21 simultaneous closings and the consent of multiple state and municipal agencies. The properties are highly regulated by Low-Income Housing Tax Credit program agreements. The acquisition made Starwood and its affiliates one of the top 10 largest affordable housing owners in the nation.
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