Matters

Sale-Leasebacks and Other Net Lease Transactions:
  • Representation of an opportunity fund in connection with the purchase and financing of 33 net leased properties, representing a variety of asset classes, located across the United States and Canada for a purchase price of approximately $1.5 billion.
  • Representation of an opportunity fund as the purchaser/landlord/borrower in connection with a $348 million sale-leaseback transaction and related mortgage loan acquisition financing involving twelve retail locations across ten states in the United States.
  • Representation of an opportunity fund in a sale-leaseback transaction involving 71 properties across eight states for a purchase price of $720 million, as well as acquisition mortgage financing for $450 million.
  • Representation of an opportunity fund as purchaser/landlord in connection with an approximately $70 million sale-leaseback of 72 restaurants located in various states.
  • Representation of the purchaser/landlord in connection with a sale-leaseback of the corporate headquarters campus for a financial services company in Hopewell, New Jersey, which has been described in the press as the largest office acquisition deal in New Jersey history.
  • Representation of a cinema theater chain as seller/tenant in connection with an approximately $100 million sale-leaseback of 10 theaters located across the Midwest.

Financings:

  • Representation of an opportunity fund in connection with securing a $70 million revolving credit line secured by its bridge loans. 
  • Representation of an opportunity fund in connection with the refinance of 39 restaurant properties across the United States for an aggregate loan amount of $40 million.
  • Representation of a lender in connection with a $40 million loan secured by a non-owner-occupied residential property in Southern California and related workout and foreclosure transactions.
  • Representation of a large institutional lender in connection with a $143 million loan secured by a shopping mall in Las Vegas, Nevada.
  • Representation of a large institutional lender in connection with an aggregate $1.3 billion mortgage and mezzanine financing secured by a portfolio of 154 hotel properties in 32 states and CMBS stand-alone securitization of the $775 million mortgage loan component of the financing.
  • Representation of the lender in a complex $138 million construction loan to finance the development of a vacation resort property in St. Thomas, U.S. Virgin Islands.
  • Representation of a large institutional lender in connection with a $75 million mortgage loan secured by a large retail center in Nevada.
  • Representation of a large institutional lender in the origination of an aggregate $503 million mortgage and mezzanine financing secured directly and indirectly by 261 restaurant properties in 34 states.

Acquisitions and Dispositions of Commercial Properties and Real Estate Loans:

  • Representation of a school in connection with its acquisition and development transactions in Los Angeles, California.
  • Representation of a joint venture in connection with the sale of a five-star, full-service hotel for $80 million.
  • Representation of an opportunity fund in connection with the sale of a large portfolio of net-leased real estate assets for approximately $950 million.
  • Representation of the purchaser in connection with the acquisition of numerous portfolios of non-performing mortgage loans and REOs ranging in price from $25 million to $150 million.

Single-Family Rental Transactions:

  • Representation of a large institutional lender in connection with a $475 million securitized loan secured by a portfolio of residential homes located in five states. The transaction was the first REO-to-Rental securitization.
  • Representation of a national single family rental operator as borrower in an approximately $200 million loan secured by a portfolio of single family homes located in twenty states.
  • Representation of the lender in connection with a ~$1 billion securitized loan secured by a portfolio of residential homes located in ten states.