Multifamily and Manufactured Housing

Overview

Honigman’s Multifamily and Manufactured Housing practice group provides sophisticated representation for organizations in the multifamily housing industry. Our team has many years of experience assisting clients in the construction, development, sale or disposition, acquisition, management, and financing of multifamily housing developments, including large multifamily portfolios across the country.

Honigman’s Multifamily and Manufactured Housing attorneys represent the following:

  • Borrowers
  • Commercial real estate brokers
  • Construction contractors and managers
  • Developers
  • Equity providers and syndicators
  • Financial advisory companies
  • Lenders and financiers
  • Loan servicers
  • Management companies
  • Mezzanine financing lenders
  • Mortgage loan brokers
  • Pension funds
  • Receivers
  • Subcontractors

We also have significant experience representing sophisticated and experienced owners and operators of student housing properties throughout the Southeast, Midwest, and Southwest areas of the United States.

Our work in the student housing sector includes assisting clients in:

  • Acquisitions
  • Dispositions
  • Financings
  • Leasing
  • Joint venture transactions

We actively work with our Restructuring, Workouts, and Loan Sales practice and negotiate discounted loan acquisitions for those clients who cannot refinance. In conjunction with our Affordable Housing practice team, we provide advice on various multifamily programs, both market rate and affordable housing, related to U.S. Department of Housing and Urban Development (HUD) Section 42 Low-Income Housing Tax Credits, Fannie Mae, Freddie Mac, the U.S. Department of Agriculture’s Rural Housing Service, the Michigan State Housing Finance Development Authority, HOPE VI, bond financing, Section 236 decoupling, mortgage restructuring, and equity syndications.

Our attorneys also advise clients on various public incentive-based financing and development for multifamily developments. Examples include brownfield tax credits, Renaissance Zone, Neighborhood Enterprise Zone, the Wayne County TURBO Program, the federal New Markets Tax Credits, the Obsolete Property Rehabilitation Act (OPRA), historic tax credits, grants, Section 42 Low-Income Housing Tax Credits, and bond financing.

Representative Matters

  • Represented Michigan-based developer, Walter Cohen, with the acquisition and financing of DuCharme Place, a $45-million, 185-unit apartment community
  • Represented Oxford Company, LLC on acquisitions, dispositions, and financings of office and retail transactions surrounding a university
  • Represented Oxford Company, LLC with purchase of a substantial student-housing portfolio
  • Represented Prime Student Housing, Inc. on acquisitions, dispositions, and financings related to student-housing projects
  • Represented The Scion Group with a 1,800,752 square foot student housing property for ONE near the University of Illinois
  • Represented Village Green on the new development of Ann Arbor City Apartments, the first major ground-up market-rate apartment community in the City of Ann Arbor in decades. This was a public-private partnership with the Ann Arbor Downtown Development Authority and included development of a luxury mid-rise apartment building and parking deck
  • Represent the developer of Morrow Park City Apartments, a 213-unit luxury apartment building with a 192-space parking deck, in downtown Pittsburgh, Pennsylvania
  • Represent the developer of SouthSide Works City Apartments, which is part of the large-scale Monongahelia Riverfront reclamation project known as SouthSide Works in a project that includes 264-unit luxury apartments, ground-floor retail, and a 559-space parking garage
  • Represented Village Green with an $80 million historic office building renovation in Cincinnati, Ohio
  • Represented the developer of a new $60 million ground-up multifamily mid-rise with commercial component and parking at the historic Statler Hotel site in Detroit, Michigan

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