DLA Piper advises Wilshire Lane Capital in strategic partnership with Morgan Properties
DLA Piper represented Wilshire Lane Capital, a California-based venture capital firm focused on the proptech industry, in its strategic partnership with Morgan Properties, the largest private multifamily apartment owner in the United States.
Founded in 1985, Morgan Properties manages over $15 billion in assets and more than 95,000 units. This strategic partnership will position Wilshire Lane Capital to identify the most viable startups to invest in while providing integration opportunities across the massive multifamily portfolio.
“Our representation of Wilshire Lane Capital in this strategic partnership combined our deep experience advising venture capital firms with our broad proptech and real estate sector capabilities,” said Yoni Tuchman, the DLA Piper partner who led the firm’s deal team.
"Once again, it was a pleasure to work with DLA Piper and Yoni Tuchman on a deal that was so instrumental for our company's growth,” said Adam Demuyakor, founder and managing partner of Wilshire Lane Capital. “Yoni's years of experience in helping newer GPs grow their businesses certainly came in handy for us. We were able to swiftly come to a great structure that worked for all parties involved. We look forward to continuing to work with him and DLA as we continue raising Wilshire Lane Capital Fund III throughout the rest of 2022.”
The firm’s global investment funds team provides a dynamic, integrated service to sponsors, fund managers and institutional investors, supported by the firm’s international tax and regulatory networks. The team advises clients on the full spectrum of private investment funds, all major investment strategies and all stages of a private investment fund's life cycle.
DLA Piper is at the forefront of providing legal counsel and business support to emerging proptech companies, investors and developers of innovative real estate technology in areas critical to both their short-term and ongoing success.