Murphy PC Advises on Joint Venture Preferred Equity Investment in a 55-Unit New Construction Apartment Building Project

September 18, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of property in Cambridge, Massachusetts to permit, construct and lease a 55-unit apartment building. We negotiated and advised on the joint venture operating agreement for the project entity.

Our client, a real estate capital advisory firm, provides real estate operators and developers with custom capital solutions for acquisitions, developments, and refinances in across in the US including recent transactions in New England, New York, Virginia, and Florida.

The sponsor is a real estate development company that specializes in building high-end residential projects in New England.

Murphy PC is a Boston-based law firm representing owners, sponsors, and investors in privately owned commercial real estate and business transactions. Our expertise includes joint ventures, development, acquisition, management, finance, and sales across diverse commercial and residential sectors, including mixed-use, multifamily, and hospitality properties. We advise clients on structuring deals that create lasting value for both investors and communities.