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Latham & Watkins Advises on Sixth Street Partners’ Private Capital Investment in the Development of the Hamilton House Project in Miami

September 17, 2024
Members of the firm’s Real Estate Practice advise on the strategic private capital transaction in the luxury South Florida property.

Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced it has secured US$55.5 million of preferred equity from leading investment firm Sixth Street for the development of a luxury waterfront rental development, located at 560-640 NE 34th Street in Miami, Florida. Affiliates of Apollo (NYSE: APO) provided US$172 million of senior construction financing to support the development. Aimco will serve as the developer and asset manager. 

Latham & Watkins LLP represented Sixth Street Partners in the preferred equity joint venture with a team led by New York partners Douglas Heitner and Mark Semotiuk, with associates Sam Steinman, Rachel Cohen-Sidley, and Liviya James. Advice on tax matters was provided by Silicon Valley partner Katharine Moir and Century City counsel William Kessler.

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