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Federal Realty Investment Trust Acquisition of Retail Shopping Center Portfolio in CA

Representation of Federal Realty Investment Trust in connection with the acquisition of a portfolio of retail shopping centers in Los Angeles, CA, including multiple layers of membership interest acquisitions, joint ventures, tax structuring, multiple lender consent processes, tax credit investor consents, and properties that were developed with a complex mix of urban renewal and other governmental subsidies. The deal was structured as a platform joint venture with Primestor Development Inc. to own the portfolio (which includes 1.3 million sq. ft. on 114 acres) and to buy and develop new centers in Los Angeles County.