Holland & Knight Advises MRV Engenharia and AHS Residential in $200 Million Affordable Housing Deal

MIAMI (October 3, 2019) – Holland & Knight is advising the parties involved in MRV Engenharia E Participacoes S.A.'s recently announced $200 million investment in Miami-based real estate company AHS Residential. MRV, which is Brazil's largest real estate developer, announced its intention to acquire a 50 percent interest in AHS on September 4. The deal is expected to close near the end of the month.

AHS Residential was founded in 2012 by Rubens Menin Teixeira de Souza and CEO Ernesto Lopes to exclusively develop, build and manage high-quality multifamily communities. To date, the company has delivered seven new rental communities throughout Florida, servicing over 3,000 low to middle-income residents, with several new developments currently under construction.

Mr. Rubens Menin is also the founder and chairman of MRV (BVMF: MRVE3), which has more than 22,000 employees and a presence in more than 158 Brazilian cities.

The investment from MRV will allow AHS to expand its operations throughout the United States.

The Holland & Knight team advising MRV and AHS was led by Partner Peter Baumgaertner and included Partners Mark Stone and Tara Vance, and Associates Anush Yegyazarian, Samantha Peruto and Christopher Marotta. Demarest Advogados served as Brazilian counsel.