M&A Finance
K&L Gates
Full Credential Description
Elka Capital faced the challenge of entering a competitive market for community living options, particularly aimed at the growing demographic of older Australians. To address this, they partnered with Assembly Funds Management to acquire two sites in northern Victoria, with the goal of developing a of over 10 communities valued at more than AU$500 million. This joint venture is designed to create 2,000 homes along Australia’s east coast, utilizing an innovative land lease model. This model allows homeowners to purchase their homes while leasing the land from the operator, who manages the estate in exchange for lease payments. K&L Gates provided tailored legal advice throughout this complex transaction, leveraging their expertise across multiple practice areas. The deal was led by investment funds partners Lisa Lautier and Naomi Philp, supported by a diverse team of specialists in real estate, corporate law, tax, finance, and intellectual property. This collaborative approach was crucial in navigating the intricacies of the joint venture and ensuring compliance with regulatory requirements. The successful execution of this joint venture not only positions Elka Capital to capitalize on the increasing demand for alternative community living options but also highlights the firm’s ability to attract institutional capital in a rapidly growing sector. The initiative is expected to significantly contribute to the housing market, providing valuable living solutions for senior Australians while generating substantial economic benefits.
Measurable Results
Successfully completed $500M transaction