Structured and arranged joint venture equity to capitalize the acquisition of a 116-unit multifamily portfolio in Denver, CO.
Challenges
The off-market opportunity had a TOE closing date coinciding with the year-end holiday season. A multi-tiered equity structure created further complexities to coordinate a closing. Additionally, a potential timing gap for part of the equity created uncertainty for timing a seamless close.
Solutions
Eyzenberg & Company presented the opportunity to a long-standing Family Office relationship that quickly met with the sponsor and did a site visit to ascertain the viability of the transactions. Contingency structures were created, to back stop a potential timing funding gap, including bridge equity and/or structured call options. Ultimately the Family Office provided promotable LP equity to fill out the capital stack allowing for a successful close.
Gary Melman joined Eyzenberg & Company in 2024 and is responsible for
originating, structuring, and placing debt and equity capital for commercial real estate
transactions throughout the U.S.
Gary is a seasoned commercial real estate finance and investment manager with
substantial institutional experience in capital markets, financing, acquisitions, and
asset management across various asset classes during his prior roles at J.P.
Morgan, TIAA-CREF, American Realty Advisors, and PCCP.
Prior to joining Eyzenberg & Company, Gary was responsible for capital markets at
Intracorp Homes, originating and placing capital for Intracorp’s multi-family,
townhome, and condominium ground up development projects on the West Coast.
Gary received an MBA in Finance from NYU Stern School of Business, a BBA in
Finance from Pace University, and is a licensed real estate broker in California.
gmelman@eyzenberg.com
D: (305) 995-0777 ext.729
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