Private Equity Real Estate
Our Private Equity Real Estate Team provides a wide range of services to private equity firms involved in commercial real estate investing and lending transactions. We advise on acquisitions and dispositions, joint venture and preferred equity investments, first mortgage and mezzanine lending, loan purchases, distressed real estate matters, and portfolio analysis.
We also advise private equity clients on tax and REIT-related matters and on fund formation and fund-level and project-level financing transactions, including subscription facilities, lines of credit, warehouse/repurchase facilities and construction and term loans.
With offices throughout the United States, including in key eastern and western locations, we understand each area’s regional issues, local laws, political climate, and distinct market characteristics. Our interdisciplinary group combines that regional perspective with national real estate, finance, workout, and tax experience to provide comprehensive, focused, and effective counseling to real estate private equity firms of all sizes.
- Represented a global telecommunications company in connection with its development of a $1.2 billion 59-story skyscraper in Philadelphia. We represented the global telecommunications company in both a joint venture agreement with a major real estate investment trust and the long-term lease of the building. Anchor tenants in the 1.33 million-square-foot tower will be the telecommunications company and its affiliates. The building also will be home to a 200-plus room Four Seasons Hotel and a restaurant. Designed by world-renowned British architect Lord Norman Foster of Foster + Partners, the building is expected to achieve LEED Platinum certification. It also will have direct access to SEPTA's Suburban Station to add convenience for tenants and visitors.
- Represented a major life insurance company in the formation of several joint ventures with a developer for the acquisition, development, construction, and leasing of various large-scale industrial properties in Chicago, Atlanta, Southern California, and Washington state with a total investment of more than $100 million. One of the Washington projects involved negotiation of a long-term ground lease with the local port authority and an option to ground lease future phases.
- Represented a major life insurance company in the formation of a joint venture with a developer partner for the $275 million acquisition and leaseback of a building located in Northern California from an international communications company. A unique condominium structure was concurrently created so that the seller could continue to own portions of the project for its offices and equipment and satisfy California Public Utilities Commission requirements.