We advised SVP and a related joint venture on the transactions for a multifamily development

Davis Polk advised a joint venture co-sponsored by affiliates of Strategic Value Partners (SVP), One Investment Management, RXR Realty and Columbia Property Trust in connection with the acquisition and recapitalization of Hudson House, a partially constructed 829-unit multifamily development located in Jersey City, New Jersey. Davis Polk also advised SVP in connection with the joint venture and the refinancing of a mortgage loan provided by an affiliate of Apollo Global Management Inc. 

SVP is a global alternative investment firm focused on distressed debt and private equity opportunities. It has approximately $22 billion in assets under management and, since inception, has invested more than $53 billion of capital.

The Davis Polk real estate team included partner Brian S. Lichter and associates David Beizer, Paulina P. Lerner, Omar Ashmawy, Holly Paige Constants and Gennie A. Amir. Partner Patrick E. Sigmon and associate Bradford Sherman provided tax advice. Partner Eli J. Vonnegut provided restructuring advice. Partner Lara Samet Buchwald provided litigation advice. All members of the Davis Polk team are based in the New York office.

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