Ned J. Nakles

Counsel,

Phone: +1 404 881 7864
Email: ned.nakles@alston.com

Ned leads complex real estate transactions for funds, REITs, and investors, developing strategic capital solutions and supporting data center and affordable housing initiatives with a practical perspective shaped by his government experience.

Finance Transactions

Represented a fund as the borrower in a $195 million mortgage and mezzanine construction loan facility for a mixed-use office and data center in Minneapolis.
Represented a fund as the lender in a $336 million mezzanine construction loan for a luxury condominium in downtown Manhattan, NY.
Represented a fund as the purchaser of $300 million of commercial mortgage pass-through certificates for a resort in the Bahamas.
Represented a REIT as the borrower in an approximately $600 million construction loan for the development of a life sciences complex.
Represented a publicly traded company as the borrower in a $150 million cross-defaulted financing secured by five auto dealerships across the United States.
Represented a lender in a $720 million financing for a nationwide luxury apartment portfolio.
Represented syndicate members and participants in borrowing base credit facilities in amounts ranging from $1 billion to $6 billion to data center owners for the development and operation of data centers across the United States and Canada.
Represented a real estate investment trust (REIT) as the lender in a $300 million combined mortgage and mezzanine financing for the construction of a hotel and water park.
Represented a debt fund as the lender in simultaneous mortgage and mezzanine financing for a Texas industrial portfolio, as well as the negotiation of a profits participation interest in the portfolio following loan repayment.
Represented a lender in the financing of a $225 million multistate manufactured housing portfolio.
Represented a private credit lender as preferred equity investor on multiple financings for multifamily developments and self-storage facilities across the United States.
Represented a foreign government as the borrower in a $100 million World Bank-guaranteed credit facility for the development of hospitals and a small business center.
Colorado counsel on multiple modifications to a major ski resort group’s approximately $1 billion credit facility secured by multiple Colorado ski resorts.

Joint Venture & Investment Transactions

Represented a fund as the investor in a joint venture for the acquisition and development of a $400 million California office campus, as well as the related phased purchase agreement and mortgage and mezzanine financing for the campus.
Colorado counsel to a hotel brand with respect to a $1 billion luxury hotel and condominium development in southwest Colorado.
Represented a state housing finance agency in the creation and design of a preferred equity financing program for multifamily housing projects.
Represented a fund as the investor in a joint venture for the acquisition and operation of an airport hangar in California.
Represented a debt fund as the investor in a revolving, multi-property preferred equity facility for the acquisition, development, construction, and operation of multifamily properties across the western United States.
Represented a multinational hospitality company in a $38 million preferred equity financing transaction for the development of a boutique hotel in New York City.
Represented a REIT in the negotiation of a $1 billion pipeline and exclusivity agreement to govern the creation of multiple joint ventures for seniors housing properties across the United States.
Represented a pension fund in a common equity investment in an NHL arena development in New York.
Represented a fund as the investor in a joint venture for the acquisition and development of a mountain west luxury shopping mall, as well as in the related purchase and financing of the property.

Workouts & Distressed Situations

Represented a fund in the acquisition of a distressed mortgage loan with $155 million outstanding for a mixed-use hotel and multifamily property in the Williamsburg neighborhood of Brooklyn, NY.
Represented a debt fund in the workout and restructuring of a $100 million hotel and golf course property in Florida.
Represented a fund as the loan purchaser in the acquisition and administration of a distressed loan for a mid-construction New York City waterfront condominium development.
Represented a debt fund in the workout and restructuring of approximately $250 million of senior debt for three mid-construction Hollywood, CA, hotel and event center properties.

Acquisitions & Dispositions

Represented a fund in the $430 million sale of a mixed-use data center property in Minnesota.
Represented a fund in the $240 million acquisition and $130 million financing of a ground lease, multifamily property in Brooklyn, NY, as well as the amended and restated ground lease and joint venture agreement for the property.
Represented a fund in the acquisition, mortgage, and mezzanine financing of a $75 million multifamily building in New York City.
Represented a fund in a sale-leaseback transaction for a California manufacturing facility.
Represented a fund in the acquisition and financing of a $350 million multistate retail portfolio with sites in California, Florida, and Texas.
Represented a regulated bank in the sale of its U.S. headquarters building in midtown Manhattan, NY to a major financial institution.
Represented the owner in the sale of a Chelsea, NY, art gallery.
Represented the seller in the sale of a portfolio of medical office properties.

Ned J. Nakles

Finance Transactions

Joint Venture & Investment Transactions

Workouts & Distressed Situations

Acquisitions & Dispositions

Bar Admissions

Education