A couple of Dallas-based lawyers from Jones Day advised an affiliated fund of South Carolina-based Greystar Real Estate Partners in its $3 billion purchase of Monogram Residential Trust.
Plano-based Monogram is an owner, operator and developer of luxury apartment communities. Its portfolio includes investments in 49 high-end apartment communities in 10 states. Eight of its apartment communities are in Dallas, Houston and Austin.
The transaction, which includes debt, represents a 22 percent premium of Monogram’s closing stock price on Monday.
Lawyers based outside of Texas led the Jones Day deal team that advised Greystar, but Dallas real estate partner Susan Cox and associate Andy Van Noord were involved in the transaction.
Last fall, Cox led two acquisitions for Greystar when it purchased a Maryland student housing property and a Miami apartment complex.
Monogram turned to Goodwin Procter for legal advice and Morgan Stanley for financial advice. Greystar hired J.P. Morgan Securities as its financial advisor.