MIAMI—Veteran Real Estate attorney Neil S. Rollnick, a partner with the law firm of Hinshaw & Culbertson, represented his client, Boardwalk Properties FL, LLC, a family-owned and managed multifamily ownership group based in South Florida, in the $119 million purchase of a 394-unit apartment development at 6220 Reese Road in Davie, FL. Boardwalk has renamed the property “The Avenue by Boardwalk Properties”. Pacific Investment Management Company (PIMCO) and Greystar were the sellers.
The Avenue includes one-, two- and three-bedroom units in six buildings, a three-story clubhouse with a gym, yoga studio and social spaces. The 15-acre community features two swimming pools, cabanas, two dog parks, a dog spa, an outdoor kitchen and grilling areas, an herb garden and a fire pit. Urban Resource will manage The Avenue.
Rollnick, a Partner in the firm’s Real Estate and Lending practice, has more than five decades of experience in business law with particular emphasis in real estate sales and acquisitions, commercial real estate and real estate-secured and asset based institutional loans, commercial leases, corporate and partnership transactions and business matters. He also serves as an expert witness in the areas of real estate transactions, secured lending practices, condominium law and the performance of due diligence under real estate purchase and sale agreements. Since 2010, Rollnick has been ranked by Chambers and Partners as a ‘Leading Individual’ in Real Estate where clients describe him as “very knowledgeable, well respected and well known”. He is also a 2019 Best Lawyer in America in the Real Estate Law category, a distinction he has held since 2008. Further, he is an AV-rated attorney by Martindale-Hubbell since 1980.
Established in 2014, Boardwalk Properties FL. LLC is a family-owned multifamily residential property ownership company managed by Adam Walker.
About Hinshaw & Culbertson LLP
Hinshaw & Culbertson LLP is a U.S. law firm with 450 attorneys located in 11 states and London. Founded in 1934, the firm has a national reputation for its insurance industry work, its representation of professionals and law firms, and its closely coordinated business advisory, transactional and litigation services. We serve clients ranging from emerging and middle-market businesses to Fortune 500 companies, as well as governmental and public sector clients.