VHL Law is pleased to announce the successful representation of the purchaser in connection with the acquisition of a ten-property single-tenant net lease portfolio spanning Ohio and Michigan. The transaction, which closed in May 2026, involved the purchase of a portfolio of Family Dollar and Dollar Tree properties for a total consideration of $10,340,000.
The transaction presented a number of complex legal challenges, including the coordination of title clearance across two states, the resolution of multiple title exceptions and encumbrances encumbering all ten properties. VHL Law managed all aspects of the transaction from contract review through closing, working closely with title counsel, local Ohio and Michigan counsel, and the client’s lender to ensure a seamless closing process.
The acquisition was financed in part from a Puerto Rico-based community lender, with VHL Law coordinating all aspects of the financing on behalf of the borrower, including the review and negotiation of loan documents, lender requirements, and closing deliverables. The fund structure underlying the transaction added an additional layer of complexity, requiring the formation and organization of multiple single-purpose entities to hold title to each property in accordance with lender requirements.
Steven Herzberg, Partner at VHL Law, led the transaction team. VHL Law regularly represents real estate investors, fund sponsors, and developers in connection with commercial real estate acquisitions, dispositions, financing, and fund formation.