Law360 | REIT Fights to Salvage Merger from Competing Bid

Alston & Bird represented Terra Property Trust, an externally managed real estate investment trust (REIT) that originates, invests in, and manages loans and assets secured by commercial real estate, in its definitive merger agreement with Western Asset Mortgage Capital Corporation, an externally managed REIT that invests in, finances, and manages a portfolio of real-estate-related securities, whole loans, and other financial assets.

Alston & Bird advised Mavik Capital Management, a multistrategy investment firm with a flexible strategy across hard assets, in closing an agreement alongside value-oriented alternative asset management firm Axar Capital Management LP to take XS Financial private. This transaction establishes XS as a private company and positions it to expand its platform in the growing equipment financing space.

Alston & Bird client Hilton Grand Vacations (HGV), has entered into a definitive agreement to acquire Diamond Resorts International Inc. in a transaction valued at approximately $1.4 billion.

Alston & Bird client Ready Capital Corporation, an industry-leading mortgage real estate investment trust (REIT), has signed a definitive merger agreement to combine with Anworth Mortgage Asset Corporation, a specialty finance REIT.

Alston & Bird has been recognized for its role in the workout of Black Box Corporation that was named “Out-of-Court Restructuring of the Year ($100MM or More)” by The M&A Advisor.