News

Whiteford Represents Landmark Property Services in $98.1M Multifamily Portfolio Acquisition

Whiteford, Taylor & Preston is very pleased to have represented Landmark Property Services, Inc. (“Landmark”) in connection with the acquisition of 971 multifamily apartment units from The Wilton Companies (“Wilton”) for $98.1 million.  The portfolio consisted of 16 apartment communities in Richmond’s west end, and is the largest multifamily transaction in Henrico County to date in 2019 in both total sales price and aggregate number of units.  Landmark has managed the portfolio for Wilton since 2002, and will continue to do so.  The multi-disciplinary team of Whiteford, Taylor & Preston attorneys advising on the transaction included Katja Hill, Nicole Scott, William MacIlwaine and John Selbach.

Whiteford, Taylor & Preston’s national real estate practice is sought out by owners, developers, borrowers and tenants in connection with the acquisition, financing, development and leasing of a broad array of commercial real estate projects across industry sectors.  Our teams advise investors, developers, landlords and tenants in connection with their investments and interests in commercial, retail, multifamily and industrial properties.  Our real estate attorneys are integrated with our tax, environmental, bankruptcy and litigation teams, as well as a variety of industry-specific practice groups to provide our clients with the expertise they need to meet their business objectives.  Tapping our depth of experience across our geographic footprint and complementary practices brings specialized expertise and local knowledge to our clients’ commercial real estate transactions.   Our team’s work for participants on all sides of commercial real estate transactions provides us with valuable perspective that allows us to implement creative solutions in deals both simple and complex.

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About Whiteford, Taylor & Preston LLP: With over 175 attorneys, Whiteford, Taylor & Preston provides a comprehensive range of sophisticated, cost-effective business law and litigation services to clients ranging from innovative start-ups to middle market companies to global enterprises.  Our growing Mid-Atlantic footprint includes sixteen offices in Delaware, D.C., Kentucky, Maryland, Michigan, New York, Pennsylvania and Virginia.