Kaufman & Canoles Closes New Hampshire Deal

KAUFMAN & CANOLES is pleased to announce that its Norfolk commercial section, led by John Reed, spearheaded and managed the simultaneous closing of a private equity real estate fund and a real estate acquisition/conduit loan for Varsity Capital Advisors on a significant deal just finalized in New Hampshire. Ed Spivey , Jeff Marks , and other Kaufman & Canoles litigation team members also successfully handled litigation that arose just before the closing.

Varsity Capital Advisors acquired a thirteen-building student housing portfolio at the University of New Hampshire in Durham, New Hampshire. Varsity Durham, LLC paid approximately $20.2 million to Sumner Properties for the largest privately held student housing portfolio in the New England college town. Varsity Capital Advisors, with offices in Boston and Reston, Virginia, invests in and develops commercial real estate located in university communities.

Kaufman & Canoles has developed its business law practice to become the largest law firm headquartered in Southeastern Virginia and the sixth largest in the Commonwealth of Virginia. We are a full-service commercial firm comprised of more than 130 attorneys and more than 40 legal assistant that serve international, national and regional clients needing assistance in a broad range of legal specialties. The strength of Kaufman & Canoles’ legal representation is built on specialized areas of practice, and the use of effective resources and technologies.

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The contents of this publication are intended for general information only and should not be construed as legal advice or a legal opinion on specific facts and circumstances. Copyright 2017.

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