Cases & Deals

Mill Creek closes deal for development of 166-unit apartment project

Clients Mill Creek Residential Trust LLC

Jones Day advised Mill Creek Residential Trust LLC, a multifamily real estate development and acquisition firm, in connection with the development of a 166-unit residential apartment project located in Hempstead, New York, to be known as Metro 303. The transaction included the formation of a joint venture with AEW Value Investors II, LP; the negotiation of loan documents with Sovereign Bank; and a payment-in-lieu-of-tax agreement with the Town of Hempstead Industrial Development Agency.