Cases & Deals

HIG forms joint venture to develop 232-unit apartment community in Woodbridge, New Jersey

Clients H.I.G. Capital, LLC

Jones Day advised H.I.G. Realty - Woodbridge Holdings, LLC ("HIG"), an affiliate of H.I.G. Realty Partners, in connection with the formation of, and a $19 million preferred equity investment in, a joint venture (the “Joint Venture”) with an affiliate of Sturm Asset Management for the development of a 232-unit apartment community in Woodbridge, New Jersey (the “Project”). We also represented HIG in connection with a $50 million construction loan made to a subsidiary of the Joint Venture by TD Bank, N.A. and Lakeland Bank for the Project.