News

Whiteford Represents Virginia CU Realty In Acquisition of Joyner Fine Properties

Whiteford, Taylor & Preston is pleased to have represented Virginia CU Realty, LLC, a subsidiary of Virginia Credit Union, in its acquisition of Joyner Fine Properties, Inc./Joyner Commercial, an established real estate brokerage firm in the Richmond area. Joyner operates five locations and provides real estate representation to sellers, buyers, landlords, tenants, builders and developers. VACU is the largest state-chartered credit union in Virginia, with over 280,000 members, $3.6 billion dollars in assets, and 689 employees. The acquisition of Joyner will expand Virginia CU Realty’s real estate brokerage subsidiary by approximately 170 agents. The multi-disciplinary team of Whiteford, Taylor & Preston attorneys advising on the transaction included John C. Selbach, Jonathan A. Jones, Katja H. Hill, Nicole K. Scott and William A. MacIlwaine.
 
Whiteford, Taylor & Preston’s mergers and acquisitions team is comprised of attorneys with extensive experience in small, middle-market, and large transactions, both domestic and cross-border. We have represented sellers/targets, purchasers, VC/PE and other equity investors, and brokers, advisors and other intermediaries in all types of M&A transactions, including equity and asset acquisitions, product line/divisional divestitures, tender offers, leveraged buy-outs, proxy/control contests, joint ventures and strategic alliances. Our transaction experience includes a wide array of business sectors, including government contracting and defense; waste services; metal fabrication; construction and engineering; commercial cleaning and sweeping services; software, internet, e-commerce, technology; banking and finance; apparel and textiles; energy; food and consumer products; healthcare; insurance and reinsurance; logistics and transportation; manufacturing; distribution; pharmaceuticals; real estate redevelopment; restaurant and hospitality; and supermarkets, retailing and supply chain. Our M&A attorneys routinely draw on the experience of numerous other practices at the firm, including tax, securities, technology and IP, employment/ERISA, antitrust, bankruptcy and restructuring, environmental, real estate, international law and litigation, as well as our many industry-specific practice groups.
 
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 complimentary 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.