Foreign Pension Fund Investor – Investments in U.S. Real Estate and Infrastructure
Representation of a foreign pension fund investor in connection with its joint venture, commingled fund and club fund investments, and co-investments, in U.S. real estate and infrastructure, including over $2B of equity in infrastructure investments (power generation (conventional and renewable), independent transmission, and transmission and distribution utilities; road and other transportation assets; and water infrastructure); “anchor investor” positions in real estate funds; and programmatic real estate joint ventures.
U.S. Corporate Pension Fund Investor – Investments in U.S. Real Estate
Representation of a U.S. corporate pension fund investor in connection with its direct investments in all sectors of U.S. real estate, including its investments in programmatic joint ventures for the acquisition and development of industrial properties (International Airport Centers) and student housing properties (Pinecrest Partners).
Boston Properties – Marriott Headquarters
Represented Boston Properties in a 50-50 joint venture with Bernstein Companies for the development of a 700,000 s.f. world headquarters building for Marriott International and in structuring credit enhancement and backstop financing arrangements for an adjacent 230-room flagship hotel to be managed by Marriott.
Davis Street Land Company – Sale of Regional Mall Portfolio
Represented Davis Street Land Company in the sale of The Mall at Green Hills in Nashville, Tennessee and The Gardens on El Paseo and El Paseo Village in Palm Desert, California to The Taubman Realty Group Limited Partnership for $560 million.
Development of Liberty National Golf Club
Represented a golf course development company in connection with its development of the Liberty National Golf Club in Jersey City, NJ, including: land acquisition (assembly of parcels through contract with local redevelopment agency); joint venture with local developer; NJ brownfield redevelopment program; golf course membership documents; and joint venture recapitalization.
AXA IM Alts and its Affiliates in one of the Largest Industrial Portfolio Acquisitions of 2020
Representation of AXA IM Alts and its affiliates in one of the largest industrial portfolio acquisitions of 2020. The portfolio consists of 27 assets in Chicago, Houston, Los Angeles, Central New Jersey, Dallas, South Florida, Southern New Jersey and Atlanta. In a significant step in its strategy to grow a U.S. wide logistics platform, AXA IM Alts, on behalf of clients and through a joint venture with Cabot Properties, Inc., acquired the 7,984,000 s/f portfolio for approximately $875 million, through a share purchase of a REIT previously managed by Cabot Properties. Representation included all matters related to property diligence, structuring, joint venture, purchase, financing, tax and environmental considerations of the property, including tax and structuring issues relating to cross-border investments.