Lucent Assists Sponsor in Assembling $246M Full Capital Stack
Lucent Capital recently advised Tru Development on $246 million in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. The two properties were [email protected] and [email protected]
[email protected], a 356-unit multifamily development in Las Vegas, received $78.4 million in non-recourse construction debt and $56.6 million in Co-GP and LP Equity. [email protected], a 360-unit multifamily development in Sparks/Reno, received $66.5 million in non-recourse construction debt and $44.3 million in Co-GP and LP Equity.
“Lucent Capital helped secure multiple debt and equity term sheets for both projects,” says Adam Emrani, managing director. “We assisted our sponsor in putting together the full capital stack, including a Co-GP that provided balance sheet support.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.