Matters
- Represented a Colorado-based real estate company in connection with the adoption of a DST structure by a first-time sponsor involving a self-storage facility in Texas. The DST offering was $15.5 million. The DST acquired the property from an existing affiliated real estate fund using a $13.5 million affiliate-funded bridge equity structure. There was no mortgage debt involved.
- Represented a Dallas, Texas-based real estate company that had several existing real estate funds in connection with the adoption of a DST structure by a first-time sponsor involving a multifamily residential property in Texas. The DST offering was $29.6 million and involved a $35.5 million loan from a CMBS lender. The offering also includes $22.9 million of bridge equity from a third-party provider.
- Represented a California-based real estate company in connection with the adoption of a DST structure involving multiple manufactured housing parks located in Michigan, Ohio and Pennsylvania using a ground lease structure. The DST offering was $32.8 million. The DST acquired the property using a $31 million loan from a CMBS lender.
- Represented an Austin, Texas-based real estate company that had several existing real estate funds in connection with the adoption of a DST structure involving a portfolio of single-family homes held for rental in several states. The DST offering was $18.4 million and involved a $16.5 million affiliate-funded bridge equity structure. There was no mortgage debt involved.
- Represented a Florida-based real estate company with several existing real estate funds in connection with the adoption of a DST structure involving a multifamily residential property in Virginia. The DST offering was $53.6 million and involved a $45.2 million loan from an agency lender. The offering also includes $48 million of bridge equity from a third-party provider.
- Represented a California-based real estate company in connection with the adoption of a DST structure involving a multi-tenant retail property in California. The DST offering was $18 million. The DST acquired the property from a related party using a $35.5 million loan from a CMBS lender. The transaction also included selling financing and a third-party-funded bridge equity structure.
- Represented a California-based real estate company in connection with the adoption of a DST structure involving several manufactured housing parks located in Michigan, Ohio and Pennsylvania using a ground lease structure. The DST offering was $32.8 million. The DST acquired the property using a $31 million loan from a CMBS lender.
- Represented a real estate investment company in connection with a $52 million sale leaseback with CMBS debt financing and a DST private placement securities offering for a triple net lease building in Connecticut.
- Represented a real estate investment company in connection with a $75 million UPREIT offering involving the exchange of DST interests for REIT operating partnership units.
- Represented a DST and non-traded REIT sponsor in connection with the $72 million CMBS debt financing by a DST borrower of a portfolio of over 20 industrial properties across the United States.
- Represented a real estate investment company in the $34 million Freddie Mac financing by a DST borrower of a senior living facility in Maryland.
- Represented a real estate investment company in the $37 million acquisition and subsequent CMBS financing by a DST borrower of a senior living facility in Nevada.
- Represented a CMBS lender in the financing of a major single tenant operated facility in Illinois, with a DST borrower ownership structure.
- Represented a lender in connection with the origination and implementation of a credit facility to fund bridge loans to a DST sponsor.
