Morrison & Foerster LLP advised EdR (NYSE: EDR), one of the nation’s largest developers, owners, and managers of high-quality collegiate housing communities, in its US$4.6 billion all-cash sale to a newly formed perpetual life vehicle led by an affiliate of Greystar Real Estate Partners. Greystar is the largest operator of apartments in the U.S.
The transaction closed on September 20, 2018.
The MoFo team was led out of Washington, D.C. by Corporate partner Lauren Bellerjeau, Corporate partner and co-chair of the firm’s Corporate Finance and REIT practices David Slotkin, and Corporate partner and co-chair of the firm’s REIT practice Justin Salon, and included Corporate associates John Hensley and Sherri Deckelboim. Tax guidance was led by partner Shane Shelley (San Diego), of counsel Shiukay Hung (New York), and associates Clara Lim (Los Angeles) and Jessica Stern (San Francisco). Compensation and Benefits support was led by partner Dom Bozzetti (New York) and of counsel Amanda Hines Gold (San Francisco). Support on financing matters was provided by partner Mark Wojciechowski (New York) and associate Jeff Xu (New York).