ATLANTA, March 14, 2007 (PRIME NEWSWIRE) -- Morris, Manning & Martin's Real Estate Capital Markets Group recently represented Noble Hospitality Fund, LLC in connection with the private placement of $310 million of limited liability company interests. Sean Reynolds, Lauren Prevost and Kevin Wright provided legal services to the fund.
The investors include a large private equity fund, some of the largest state and local pension plans in the United States and one of the largest private university endowments in the United States. With the use of leverage, Noble Hospitality Fund, LLC intends to acquire a portfolio of hotel and hospitality properties with a cost basis of approximately $1 billion.
For over three decades, Morris, Manning & Martin has enjoyed a nationally recognized real estate practice. The firm's Real Estate Capital Markets Group focuses on the creation of REITs and real estate investment funds, and works with its clients to access and implement the use of capital in the real estate industry. The firm's REIT practice includes work for public REITs, and for non-traded REITs that are publicly registered and publicly offered. The group also represents private funds, including funds placed to both institutional investors and high net worth individuals. Recent and current offerings and placements total almost $4.5 billion.
Morris, Manning & Martin, LLP (www.mmmlaw.com) enjoys national prominence for its corporate finance, securities, litigation, technology, real estate and real estate capital markets, environmental, insurance and healthcare practices. The firm has offices in Atlanta, Washington, D.C., Charlotte, Raleigh-Durham and Princeton.