The clock was ticking from the moment Avila Rodriguez Hernandez Mena & Ferri partner Manuel Rodriguez began representing Pensam Capital on its preferred equity investment for the acquisition of 16 apartment complexes in four states.

Closing on the transaction had to be completed in five weeks. In that tight time frame, 20 joint venture agreements had to be negotiated, real estate due diligence completed and financing arranged, all while working with local counsel in each state.