Goodwin Procter attorneys recently advised The Tuckerman Group in the sale of its advisory contracts in multifamily real estate portfolios to Hunt Investment Management, a subsidiary of Hunt Companies, Inc. Pursuant to the advisory contracts, Tuckerman advised portfolios are comprised of $1.2 billion in assets under management and 7,100 apartment units.
The Tuckerman Group, a joint venture of State Street Global Advisors and the firm’s senior management, was originally formed in 1998 and provided a full range of real estate investment advisory services including value-added and opportunistic private equity product offerings. As part of the transaction, six members of Tuckerman’s management team will join Hunt.
Hunt Companies, Inc. is a real estate company dedicated to building values through development, investment, and management. Hunt is focused in the core areas of public private partnership, military housing, community development, real estate investment management and multifamily housing. Hunt, founded in 1947, has over 1,100 employees throughout North America and Europe, and, with its affiliates, has more than $13 billion in assets under management.
For additional information on the transaction, please read the Hunt Companies’ press release.