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Angelo & Banta Law Firm Represents Institutional Buyer of $402 Million Home Portfolio

Angelo & Banta Law Firm Represents Institutional Buyer of $402 Million Home Portfolio

FT. LAUDERDALE, FL–(Marketwired – September 01, 2015) – Angelo & Banta, PA is pleased to announce it acted as lead counsel for CSMA BLT LLC in its acquisition of a 4,200-unit rental home portfolio from Building Land and Technology based in Stamford, CT. The purchase price was in excess of $402 million. In June, Bloomberg Business called it the “industry’s largest bulk purchase.”

CSMA BLT LLC is owned by certain funds and accounts managed by certain affiliates of Cerberus Capital Management LP.

The portfolio included homes in Florida, Illinois, Indiana, Mississippi, Missouri, Kansas and Tennessee.

The transaction closed Monday, August 31.

Angelo & Banta, P.A. is a progressive Fort Lauderdale, Florida-based law firm representing a diverse group of businesses, entrepreneurs, financial institutions, insurance companies and professionals.

Read more at: http://www.reuters.com/article/2015/09/01/idUSnMKW7Vlfra+1d0+MKW20150901