Sports Park Planning and Finance

Complex Partners was engaged to assist with the acquisition of 7 development sites in Austin, Houston and San Antonio, Texas to expand the Build to Rent platform for an international homebuilder. Engagement included due diligence, title review, product selection, development review and restrictive covenant negotiation. Ongoing engagement providing development support, analysis and business consulting across the portfolio.

Engaged as the client agent for all consulting work for document intensive divorce and division of assets. Worked directly with client and attorneys to analyze the marital assets, formulate strategy and interpret between client and counsel. Assets included 20 entities, 11 apartment communities in 3 states with $120m AUM. Client successfully received 50% of LP interests paid within 1 year of divorce and retained 40% of GP interests allowing the client to retain carried interests, capture all future value at capital gains tax rates and all without having to use a discounted cash flow model. Also successfully obtained award of a Special Master to protect client’s interests and provide fairness and visibility until the last partnership is wound up in +10 years.

Project manage the permitting and construction of 2 industrial buildings totaling 156,000 sf, as the Owner’s representative. The site is in a complex, infill location in Denver, Colorado with overhead electric distribution lines and the requirement to remove and replace existing public infrastructure that includes water and sewer lines to increase capacity for the project and adjacent parcels.

Complex Partners lead the formation of a Title 32 Metropolitan District and a Business Improvement District in Weld County, Colorado to support the Public Private Partnership (PPP) infrastructure needs for a +100 acre mixed-use development. The engagement culminated in the successful issuance and sale of $29m in tax exempt bonds.

Complex Partners was engaged by a client to assist with the acquisition of a sports park in Central Florida that was originally built as an MLB Spring Training Facility, including a 4,000 seat stadium. We provided underwriting, financial modeling, Purchase Agreement negotiation, due diligence, document review, title review, development and expansion planning.

A landowner client was beginning the development process on a large parcel of land that was acquired years earlier in a held for investment entity. Seeing a tax problem rising, we raised the issue with the client and worked with their accountant to properly structure the various entities needed to maintain long term capital gains treatment and not taint the entire site with dealer status.