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Real Estate & REITs

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  • Represented an investment bank in the origination of a mortgage loan and mezzanine loan in the aggregate principal amount of $235 million. The mortgage loan is the largest loan in the securitization pool and is secured by a regional shopping mall located in Newark, Delaware. 
  • Represented a national bank, as lender and administrative agent, for a floating-rate, syndicated mortgage loan in the amount of $105 million secured by five single-tenant office buildings located in Texas, Illinois and Arizona. 
  • Represented a national bank in the origination of a $51.6 million mortgage loan for CMBS execution secured by 33 single tenant, industrial properties located in 12 states. 
  • Represented a national bank, as administrative agent and lender, in the origination of a syndicated mortgage loan in the amount of $120 million on a mixed-use building located in New York City. The transaction was structured to accommodate a reverse 1031 tax-deferred exchange and affiliate mezzanine debt. 
  • Represented a special servicer in the modification of a $250 million loan secured by nine hotel properties located in six states, including negotiation of an amendment to the intercreditor agreement and participation agreements. 
  • Represented a national bank in the origination of a $100 million mortgage loan for CMBS execution secured by a single tenant retail condominium located in New York City. The loan is the largest in the securitization pool.
  • Represented a national bank in the sale of an $85 million portfolio of performing and nonperforming loans on 12 distressed assets located in six states. The deal involved transitional term negotiations with respect to collections and remedial actions during the six-month period after closing. 
  • Represented a special servicer in connection with the workout and foreclosure of a whole loan in a CDO securitization vehicle in the amount of $15.5 million and represented the issuer in the CDO in a suit by an adjacent landowner involving a dispute concerning a roadway agreement and the related priority of a roadway lien and mortgage lien, and the associated filing of a claim with a national title insurance company.
  • Represented a university hospital in a joint venture with a major REIT for the $270 million redevelopment of a hospital and the development and ownership of 300,000 square foot medical office building and air rights above the new hospital, including development agreement, management agreement and lease agreement between the REIT and joint venture.
  • Formation of a $2 billion private REIT for a Fortune 50 company’s retail real estate. This transaction involved the conveyance into the REIT and leaseback of over 575 retail stores located in 36 states.
  • Represented a company in the $178 million acquisition of a 10-property senior housing portfolio in California, together with acquisition financing.
  • Represented a telecommunications company in a $2.8 billion sale leaseback transaction of approximately 2,800 cellular towers located in 20 states.
  • Represented a joint venture of two pension funds in the $130 million sale to a foreign investor of a single-tenant, 825,000 square foot corporate campus in Atlanta. The sale involved, for the first time, an Internet-based open bid process.
  • Represented a plan sponsor in the formation of joint ventures with a national developer to develop five office buildings in a major metropolitan area, a deal valued at $800 million.