Not all coronavirus-impacted real estate deals need to go to court, after all. After the pandemic slammed the brakes on All Year Management’s sale of a 74-building, $346 million multifamily portfolio to investor David Werner in May, the parties negotiated for nearly two months in efforts to salvage the deal. The new transaction is slightly smaller than before, and significantly more complex. Under the new agreement, Werner has agreed to acquire 68 buildings for about
source https://therealdeal.com/2020/07/01/all-year-and-david-werner-renegotiate-deal-for-300m-brooklyn-portfolio-sale/
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