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Washington Business Journal names Barcroft Apartment deal Best Real Estate Financing Deal of 2021
Awards & rankings
| 11
May
2022
A deal that Hogan Lovells advised on to preserve more than 1300 affordable housing units in Arlington, Virginia has been named the “Best Real Estate Financing Deal” of 2021 by the Washington Business Journal.
In December 2021, an affiliate of Jair Lynch Real Estate Partners acquired the 60-acre Barcroft Apartment community. The acquisition was funded in part by a $150 million loan from Arlington County and a $160 million low-interest rate loan from Amazon.com. Each loan was made to support the preservation of affordable housing at the site, which is one of the single largest affordable housing efforts in the region. Read more about the deal at the Washington Business Journal.
Hogan Lovells advised Jair Lynch Real Estate Partners and its affiliate on the acquisition and the financing. The team was led by partner Lee Berner and senior associate Leslie Graham.