DLA Piper advises GID in the acquisition of The Domaine apartment community in Plano, Texas
DLA Piper represented an affiliate of GID, a real estate company that develops, owns and operates a premier portfolio of existing and under-development properties, in its off-market acquisition of The Domaine, a 270-unit Class-B apartment community in Plano, Texas.
“It was a pleasure to bring together our extensive real estate transactional capabilities and experience in the North Texas market to advise GID on this key acquisition,” said J. Pieratt, the DLA Piper partner who led the firm’s deal team.
In addition to Pieratt, the DLA Piper team representing GID included Jennifer Purcell (both of Austin).
With approximately 200 real estate lawyers in the US and 500 globally, DLA Piper's market-leading Real Estate practice offers a full range of real estate services, including acquisitions and sales, single asset, programmatic and operating company joint ventures, real estate fund formation, public and private REITs, financing, zoning and development, construction and design, leasing and restructuring and workouts. The firm executes hundreds of transactions every year, ranging from billon-dollar-plus transactions to the acquisition, financing, joint venture formation, leasing and sale of individual properties.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. With corporate offices in Atlanta, Boston, Dallas, New York and San Francisco, GID is an experienced real estate private equity investor and manager supported by an integrated operating platform and has 60+ years of experience across multiple asset classes. GID’s existing and under-development properties are valued at over $25.8 billion as of December 31, 2021.
The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space. More information is available at www.gid.com.