Cases and Deals

Blank Rome Represents DRA Advisors LLC in Sale of Portfolio of Properties to Strata Equity

Blank Rome successfully represented DRA Advisors LLC in the $720M sale of a portfolio of properties, which Blank Rome helped to purchase in 2007 and refinance in 2014, to Strata Equity, a privately held and managed real estate investment and development company based in San Diego, CA.

The portfolio consisted of 24 residential communities located throughout the Southeast, and the deal is the second-largest apartment trade in the real estate industry this year.