$13 Million Interest Acquisition/Financing of Apartment Building
Represented purchaser and borrower of a multi-family apartment building in Philadelphia, Pennsylvania, consisting of 72 apartment units through an “89/11” sale of partnership interests for $13 million, and handling of associated loan assumption and modification. This transaction is believed to have been the last “89/11” transaction in Philadelphia.
$15 Million Opportunity Fund Creation/Property and Business Acquisition/Financing
Represented a purchaser, sponsor and borrower in connection with the creation of a $15 million opportunity fund, and the acquisition and financing of a portfolio of three commercial properties and associated operating businesses in northern New Jersey, including private placement/equity raise and all structural and organizational matters.
$20 Million Student Housing Property Acquisition/Financing
Representation of purchaser and borrower in the $20 million+ acquisition and financing of three multi-family/off-campus student housing properties consisting of 90 apartment units surrounding Temple University’s campus in Philadelphia, Pennsylvania.
$200 Million Acquisition of Telecom Building
Represented the purchaser and operator in the $200 million acquisition of a more than 780,000-square-foot telecommunications building (commercial office/co-location facility/data center) in Houston, Texas.
$25 Million Hotel Acquisition/Financing/Equity Raise
Represented purchaser, sponsor and borrower in connection with the $25 million+ acquisition, CMBS/non-recourse financing, and private placement/equity raise for a 146 key, full-service hotel in Ft. Washington, Pennsylvania.
$30 Million Interest Sale of 400+ Unit Apartment Complex
Represented seller of a 400+ unit apartment complex in Columbus, Ohio, through the sale of partnership interests for $30 million, and handling of associated defeasance.
$30 Million Office Building/Parking Garage Financing
Represented borrower in connection with the $30 million+ mortgage and mezzanine CMBS/non-recourse financing of a more than 260,000-square-foot, class A commercial office building and parking garage in Indianapolis, Indiana.
$45 Million Hotel Financing
Represented a recapitalized borrower in connection with the $45 million commercial mortgage-backed security (CMBS)/non-recourse financing of a 750+ key, full-service hotel in Atlanta, Georgia.
Pennsylvania/New Jersey Local Counsel Engagements
Served as local counsel (handling discreet Pennsylvania and New Jersey issues; issuance of legal opinion letters) in high-end commercial real estate acquisition and financing transactions.
Representation of Banks in Commercial Real Estate, Asset-Based Financing
Represented several local and regional banks in various commercial real estate and asset-based financing transactions.
Telecom Portfolio Restructuring/Recapitalization
Served as co-counsel for management team/operator in the restructuring/recapitalization of a portfolio of 6 colocation/telecom/commercial office facilities in 5 major U.S. markets, including associated real estate, financing, defeasance and other transactional matters.