Proskauer

Representative Experience

• Ares Alternative Credit Management and Ares Management Corporation's Real Estate Group in their $3.8 billion acquisition of Capital Automotive LLC and its subsidiaries from Brookfield Strategic Real Estate Partners.
• Ares Alternative Credit Management in the formation of a strategic programmatic joint venture with a large institutional financing institution for the purpose of originating construction financing for build-to-suit net leased properties.
• Ares Alternative Credit Management in the negotiation of a joint venture with an institutional sponsor in their acquisition of a 36-property net-leased dollar store portfolio.
• Atalaya Capital in connection with its $315 million construction financing, mezzanine financing and preferred equity investment with respect to the Ritz Carlton in the NoMad neighborhood of NYC.*
• Blackstone Strategic Partners on multiple real estate secondaries transactions, with enterprise values in excess of $600 million in the aggregate.*
• Brookfield Asset Management and its subsidiaries in connection with financings for its $11.4 billion acquisition of Forest City Realty Trust, Inc.*
• Brookfield Asset Management in connection with a deed in lieu transaction with respect to the Hard Rock Hotel in Las Vegas; subsequent representation with respect to its ownership and operation of the hotel.*
• Brookfield Property Partners L.P. in its $9.25 billion acquisition of GGP Inc., with particular focus on its joint venture agreements with third parties for the ownership of certain of GGP’s retail assets.*
• CasinoMetro in its joint venture with Caesars Sportsbook for their sportsbook operations at the Sheraton Puerto Rico Convention Center.
• Dependable Highway Express on the sale of its less-than-truckload division to Knight-Swift Transportation Holdings Inc. (NYSE: KNX).
• Eagle Point Hotels in connection with its acquisition of a hotel from receivership and related seller acquisition financing.
• Eagle Point Hotels in numerous financings with respect to hospitality assets.
• ECapital Management in connection with its acquisition of the mortgage financing, fee ownership and subsequent deed-in-lieu transaction with respect to a preeminent hospitality asset in Fire Island, New York.
• Fortress Investment Group, along with co-investors TCW Private Credit and Blue Torch Capital, in connection with the Ch. 11 bankruptcy filing and subsequent 363 acquisition of Red Lobster Hospitality and its subsidiaries.
• Hospitality management company in connection with the restructuring of hotel management arrangements through a prepackaged Ch. 11.
• Institutional lender in connection with its acquisition of a tranche of the mezzanine financing of Extell’s Central Park Tower.
• Intel in its $16.7 billion acquisition of Altera corporation.*
• Large Family Office in connection with all aspects of its ownership and operations of its real estate portfolio located across the United States, including public-private ventures.
• Large Family Office in connection with its $180 million acquisition of the Scottsdale Promenade Mall located in Scottsdale, Arizona, including the negotiation of the financing for the acquisition. 
• Large Family Office in connection with numerous sale leaseback transactions.
• Large Family Office in the $125 million recapitalization of the ownership of a resort in Hawaii.
• Lehman Brothers in connection with numerous real estate join ventures and dispositions in connection with its Ch. 11 bankruptcy filing.*
• Lehman Brothers in its acquisition of the Archstone-Smith portfolio (valued at over $3 billion).*
• Lehman Brothers with respect to the real estate component of its asset sale to Barclays, including its headquarters in Times Square.*
• MGM Resorts International in connection with its $5.65 billion acquisition of The Cosmopolitan of Las Vegas from Blackstone Real Estate Partners VII L.P.*
• MGM Resorts International in the conveyance of multiple iconic hotel/casinos to a newly formed publicly traded REIT subsidiary (MGM Growth Properties).*
• MGM Resorts International in its $2.1 billion acquisition of the 50% stake it did not already own in CityCenter and its $3.9 billion sale and leaseback of the Aria Resort and Vdara Hotel real estate at CityCenter.*
• Monarch Alternative Capital in its acquisition of the Orlando Crowne Plaza hotel through a section 363 asset sale.
• Morgan Stanley Real Estate Fund V in in connection with its ownership of 8 iconic hotels located in Florida, Arizona, California and Hawaii.*
• Mori Building Co., Ltd. in connection with its acquisition of an 11.0% interest in One Vanderbilt from SL Green Realty Corp. at a gross valuation of $4.7 billion for the property.
• Patria Investments in its sale of ODATA to Aligned Data Centers, which Latin Lawyer named its Deal of the Year, Mergers and Acquisitions: Private Companies in 2023.
• Publicly-traded REIT in multiple joint venture arrangements for the ownership and development of office-lab projects.
• Publicly-traded REIT in numerous acquisitions and dispositions of commercial properties.
• Sixth Street in its $500 million financing of Arrowhead Pharmaceuticals.
• Sixth Street in its financing of the Belk Department Stores.
• Sixth Street, as lead investor, in its $1.8 billion financing of Equinox to refinance its maturing loans as well as to fund general corporate purposes and growth including new health clubs.
• Sizzling Platter, a portfolio company of CapitalSpring, in its sale to Bain Capital of one of North America’s largest fast-casual and quick-service franchise platforms operating in over 800 locations, with such platforms including Little Caesars, Wingstop, Jersey Mike’s, Dunkin’ and Jamba.
• Stellex Capital Management on its acquisition of McConway & Torley and Standard Forged Products from Arcosa, Inc. (NYSE: ACA).
• Stellex Capital Management in its sale of Continental Global Material Handling to Precision Pulley & Idler.
• The Amherst Group and its subsidiaries in multiple co-invest vehicles, REITs and joint ventures for the acquisition and ownership of single family rental properties located throughout the United States.
• Warner Brothers Discovery in its sale of MotorTrend Group to Hearst.
• AIG Global Real Estate (Secondee).*

*indicates prior firm experience