Pillsbury Law

Using Technology to Facilitate
Unprecedented Transactions

Pillsbury represented the seller of the single-largest portfolio of affordable housing investments ever sold to date: $675 million in future federal low-income housing tax credits, along with equity investments in 12 funds that own more than 31,000 affordable rental units. To facilitate the transaction, the firm created a state-of-the-art extranet to expedite volumes of due diligence review and document delivery, conducted a comprehensive survey of the real property transfer tax rules in 35 states, collaborated extensively with major equity syndicators, and analyzed the many complex finance, tax and accounting considerations.