Eversheds Sutherland Advises Stoneweg US on Disposition of 10-Property Cardinal Portfolio for $94.25 Million

Eversheds Sutherland is pleased to announce that it represented client  Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, in the disposition of its 10-property Cardinal Portfolio in Florida. 

Stoneweg’s portfolio contains over 12,500 units valued over $1 billion, and the Cardinal Portfolio comprises 10 garden-style multifamily complexes with more than 1,200 units spread across Central and North Florida. The transaction for $94.25 million closed on December 4, 2020.

Eversheds Sutherland Real Estate Partner David F. Reid led the transaction with assistance from Associate Pedro Dorado. 

About Eversheds Sutherland’s Real Estate Practice Group

With more than 400 attorneys dedicated to real estate globally, the Eversheds Sutherland Real Estate group has developed a comprehensive understanding of the market, the economics of our clients’ industries and the legal issues that affect them. The team brings together transactional real estate and finance attorneys, which gives Eversheds Sutherland depth and speed to help clients identify opportunities, propose creative solutions and deal with complex issues when they arise. The attorneys have exceptional knowledge around tax and regulatory issues, and they comb through transaction details to make sure clients’ needs and concerns are addressed. The US-based team works in virtually every state and major real estate market, and international deals span the globe. Eversheds Sutherland has the depth to manage many different types of deals, including niche areas such as timber acquisition, hospitality, complex real estate finance, including multi-tranche mezzanine debt and data center development and leasing.

About Eversheds Sutherland

As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 75 of the Fortune 100, 68 of the FTSE 100 and 113 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in 68 offices in 32 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax.

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