Laura L. Krenz

Partner

krenzl@ballardspahr.com
Tel 612.371.3529
Fax 612.371.3207
Minneapolis

Laura Krenz has 25 years of legal experience concentrated in commercial real estate. She is on the MSBA Real Estate Property Law Specialist board and is a long-time certified specialist. She focuses her practice in the areas of real estate development, financing, and leasing, and has significant experience with multifamily housing, mixed-use, office, and industrial properties.

She frequently advises owners, developers, lenders and investors navigating the complexities of public and private funding. Laura is familiar with all aspects of real estate transactions, from land acquisition and assembly, securing entitlements and financing, to development and leasing.

Representative Matters

Multi-Family Development

Market Rate
  • Represented owner in $77M sale of apartment portfolio consisting of 10 buildings and 768 market rate apartment units
  • Represented owner in $43M sale of vintage apartment portfolio consisting of 11 buildings and over 400 market rate apartment units
  • Represented owner and developer on numerous development, financing, and construction projects in Minnesota with financing in excess of $66M, for the creation of nearly 400 apartment units
  • Represented owner in sale of $28M market rate apartment building in Osseo, MN
  • Represented owner and developer in sale of $20M market rate apartment building in Victoria, MN
Affordable
  • Represent non-profit in series of bond financing for acquisition of affordable housing apartment buildings
  • Represented numerous developers in the development, financing and construction of more than 840 multi-family units under MHFA, MCDA, GMHF, First Homes, LIHTC, HUD, and Rural Development government programs
  • Represented multiple developers in the development of more than 50 single-family homes under GMHF, MHFA, and First Homes programs
Senior
  • Represented owner in nearly $19M sale of a portfolio of senior housing facilities
  • Represented numerous senior housing developers on the development, financing and construction of multiple facilities under Tax Exempt Bond and HUD government programs
  • Guided the restructuring and refinancing of eight Freddie Mac and Fannie Mae loans in excess of $91M for a senior housing and post-acute care provider
  • Represented multiple senior care developers and operators in the development, financing, and construction of more than a dozen senior housing projects in Minnesota and the Midwest
Leasing
  • Represent private equity company on sale / leaseback transactions for company owned real estate
  • Represented a pharmaceutical benefits manager in two leases of nearly 385,000 square feet for their new consolidated office campus on a 30-acre site in Eagan, MN
  • Represented a life science company in the negotiation and office lease for 80,950 square feet located in Chaska, MN
  • Represented multiple medical providers on office leases
  • Represented a local company in the lease of more than 26,000 square feet as a part of a brewery and nonprofit incubation office development in Elliot Park, Minneapolis
Financing
  • Served as local counsel in Minnesota and Colorado for an international private equity company in connection with more than $27B in financing via 37 different transactions in the last five years secured by office, multi-family, retail, and industrial properties
  • Represented multiple lenders on deals totaling more than $69.5M in financing
  • Represented REIT as buyer and borrower on $94M multi-family acquisition and loan assumption
  • Served as special counsel to the borrower in a $385M real estate loan

Professional Activities

Minnesota State Bar Association, Member

Hennepin County Bar Association, Member

Minnesota Women Lawyers, Member

NAIOP (Commercial Real Estate Development Association), Member

Real Property Law Specialist, Minnesota State Bar Association

Recognition & Accomplishments

The Legal 500 US, Real Estate and Construction - Real Estate, 2019

Chambers USA, Real Estate (Minnesota), 2018

Board Memberships

Minnesota State Bar Association, Real Property Specialists Certification

William Mitchell College of Law (now Mitchell Hamline School of Law) (J.D., cum laude, 1994)

University of Minnesota (B.A. 1991)

Minnesota

U.S. District Court for the District of Minnesota