Amherst Holdings’ $534.9 Million Purchase and Sale Agreement with Altisource Residential, L.P.


Skadden is advising Amherst Holdings, LLC on the deal

Amherst Holdings, LLC announced today that its Single Family Residential platform has completed the 2017 Agreement announced in March to sell up to 3,500 single family rental properties to Altisource Residential, L.P., an operating partnership controlled by Altisource Residential Corporation, a publicly traded REIT. In total, 3,465 single family properties were sold in 2017 for an aggregate sale price of $534.9 million. For more information, please see Amherst’s press release here.

The Skadden team includes: Real Estate partner Evan Levy (Picture); Tax partner David Levy (Chicago); Real Estate counsel George Fatheree III (Los Angeles); Tax associate Nickolas Gianou (Chicago); and Real Estate associates Sara Brazao Ferreira (Los Angeles) and Doruk Onvural (New York).

Involved fees earner: Evan Levy – Skadden Arps Slate Meager & Flom; George Fatheree – Skadden Arps Slate Meager & Flom; Sara Brazao Ferreira – Skadden Arps Slate Meager & Flom; Doruk Onvural – Skadden Arps Slate Meager & Flom; David Levy – Skadden Arps Slate Meager & Flom; Nickolas Gianou – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Amherst Holdings, LLC;

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Author: Ambrogio Visconti