| Private Equity and Investment |
We represent private equity advisors and investors in all types of real estate transactions, including acquisitions, dispositions, equity investments, restructurings, workouts and mezzanine debt. Our clientele includes both taxable and tax-exempt investors (including pension and endowment funds), and our Tax, ERISA and Fund Formation groups work closely with us on many transactions. Representative transactions include:
- Disposition of our client’s interests in three ventures, which owned portfolios of assisted living facilities valued at over $1 billion, as well as disposition of a portfolio of 16 senior living facilities, valued at $370 million and located in six states. The facilities were owned in joint ventures with five separate operating partners and were investments in three separate investment portfolios. The transaction also involved assisted living licensing and HUD loan assumption.
- Acquisition of 332 condominium units in San Diego, California, which included the negotiation and closing of a $53 million loan on behalf of a pension fund separate account.
- Formation of joint venture with an Australian REIT in $435 million recapitalization of our client’s investments with a Kuwait financing source.
- Representation of an investor in the formation of private REITs for the ownership of investment properties, and in the creation, registration and listing on the New York Stock Exchange of a publicly traded REIT. We have represented the client in the acquisition of investment properties throughout the United States.
- Representation of a private equity entity formed by the management team of a former public REIT, in the acquisition of industrial and distribution properties throughout the United States.
- Representation of a private equity firm in its acquisition of the partnerships that own premier office buildings in Boston’s Back Bay, including most recently 222 Berkeley Street and 500 Boylston Street.
- Representation of a private equity firm in a co-investment joint venture with the country’s largest public pension system for the purchase and development of apartment projects in the eastern United States.