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NextGen Apartments, LLC / ?

Represented NextGen Apartments, LLC in its acquisition, through an affiliate entity of a multi-family residential property located in Redondo Beach, California, for a purchase price of $9,350,000. The acquired property was added to a previously 15-property portfolio containing more than $100,000,000 in assets owned by NextGen in a joint venture with Goldman Sachs. The transaction included both modifications to the joint venture with Goldman Sachs as well as a modification of the pre-existing financing with RBC Real Estate Capital Corp., increasing the loan amount to $77,664,336.00. Lender was represented by Gibson Dunn & Crutcher LLP. Goldman Sachs was represented by Fried, Frank, Harris, Shriver & Jacobson LLP. NextGen was also assisted by Allen Matkins Leck Gamble Mallory & Natsis LLP.

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