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