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Valuation Decision Finds LLC “Worthless, Worthless, Worthless”

Farrel Fritz

The Appellate Division affirmed in all respects in Quattro Parent LLC v Rakib , 181 AD3d 518 [1st Dept 2020]. When COVID struck, the parties were gearing up for a damages trial limited to one main issue: the value of the interest Rakib agreed to purchase in Quattro as of the date of breach. The Trial Interrupted by COVID .

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Northview Fund announces recapitalization transaction including the acquisition of three portfolios for $742 million and its intention to transform into Northview Residential REIT, a $2.7 billion, internally managed, traditional open-ended real estate investment trust focused on national multi-family properties

Benzinga

The REIT's geographic diversity is also expected to mitigate volatility in performance, while providing investors with meaningful exposure to the continuing recovery that Northview has seen in its resource-oriented markets. Northview will have the right to satisfy the redemption/retraction price of $15.06