Cases and Deals

CARS sold to affiliates of Brookfield Asset Management Inc.

Martin Luskin and a cross-practice team of Blank Rome attorneys have represented DRA Advisors LLC for the past decade on a number of large-scale deals, including major acquisitions of industrial portfolios, housing communities, apartment complexes, and shopping centers.

Most recently, Blank Rome successfully assisted DRA Advisors and its portfolio company Capital Automotive L.P. (“CARS”) in an agreement for the sale of CARS to affiliates of Brookfield Asset Management Inc., a New York Stock Exchange-listed REIT. CARS is the leading owner and landlord of automobile dealership properties in the United States. The team structured and negotiated the multi-billion dollar deal which closed in October 2014.

This particular deal was led by Martin Luskin, Alan Lieblich, Emanuel Adler, and Rustin Paul, and included Joseph Gulant, Michael Plunkett, Vincent Leon-Guerrero, Pelayo Coll, Barry Friedman, Erin Harkiewicz, Scott Smith, Art Bachman, Thomas Cournoyer, and numerous other attorneys from across the Firm.