Forefront of the Second Largest Suburban Real Estate Deal of 2021

Strauss Malk & Feder’s Jay Glaubinger, Benjamin Feder, Arnold Malk and Mark Chavin were at the forefront of Chicago’s second biggest suburban real estate deal of 2021. Our attorneys structured this monumental deal for our client who is an owner and operator of apartment complexes. Apartment complexes have become lucrative investments due to rising rents and low vacancy rates. The transaction involved the acquisition of a 752-unit multifamily Des Plaines’ property.

Our team created the financing and ownership structure for this transaction, which included implementing sophisticated trust planning with an intentionally defective irrevocable grantor trust that will provide a significant estate and gift tax benefit to our client. This transaction is another example of our ability to add value to a client’s business operations through practical tax planning.

Strauss Malk & Feder were honored to have been chosen to represent our client in this deal and look forward to continuing our relationship as they seek out other investments.

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