Practice

Commercial Real Estate

We represent investors, developers, owners and operators in the acquisition, development, financing, leasing and sale of commercial real estate. Our work spans the full ownership cycle and the structures that sit above it.

Overview

We represent investors, developers, owners and operators across the ownership cycle — acquisition and disposition, ground-up development, joint venture formation, leasing, recapitalization and portfolio transactions. The practice is weighted toward multifamily and extends to hospitality, retail, self-storage, mixed-use, land and adaptive-reuse projects.

Multi-property and portfolio work is a regular part of the practice, including acquisitions spanning several states. We handle simultaneous and staged closings, allocate purchase price and diligence risk among assets, and coordinate the lender, title, survey, insurance and zoning workstreams that determine whether a multi-asset closing holds its schedule.

Development matters run from single-asset ground-up projects through master-planned developments combining single-family, multifamily, commercial and retail components. We structure the ownership and development entities, negotiate construction and design professional agreements, and coordinate entitlement, platting and land use work with local counsel and consultants where a project requires it.

Because the firm also handles the financing, entity and securities work surrounding a real estate transaction, the acquisition, capital and closing documents are drafted against one set of business assumptions rather than three. The firm also provides commercial title and closing services — title examination, curative work and coordination through policy issuance — and includes an attorney approved by several national title insurance underwriters.

A real estate transaction is a financing, an entity, a tax structure and an operating agreement wearing one set of closing documents. We treat it that way from the first draft.

Capabilities

What we handle in Commercial Real Estate

Grouped by workstream. Most engagements draw on several of these at once.

Acquisitions & Dispositions

  • Purchase and sale agreements
  • Portfolio and single-asset transactions
  • Letters of intent and term sheets
  • Due diligence review and coordination
  • Title and survey review and objections
  • Closing, escrow and post-closing matters
  • Section 1031 like-kind exchanges
  • Tenant-in-common (TIC) structures

Asset Classes

  • Multifamily and build-to-rent
  • Hospitality and hotel assets
  • Shopping centers and retail
  • Office and flex
  • Industrial and logistics
  • Mixed-use and land
  • Self-storage and specialty assets

Development

  • Ground-up development structuring
  • Development and construction agreements
  • Architect and design professional agreements
  • Entitlement and land use coordination
  • Ground leases and air rights
  • Easements, CC&Rs and reciprocal easement agreements
  • Condominium and subdivision regimes

Ownership & Joint Ventures

  • Joint venture agreements
  • Promote and waterfall structures
  • Capital contribution and dilution mechanics
  • Major decision and control provisions
  • Buy-sell, forced sale and exit rights
  • Co-investment arrangements
  • Property management and asset management agreements

Leasing

  • Anchor, in-line and pad site retail leases
  • Office and industrial leases
  • Ground leases
  • Subleases, assignments and consents
  • Estoppels and subordination agreements (SNDAs)
  • Lease amendments, renewals and terminations
  • Landlord and tenant workout negotiations

Investment Structures

  • Fund and syndicate acquisition vehicles
  • Programmatic and multi-asset acquisition vehicles
  • Preferred equity and structured investments
  • Institutional capital partner joint ventures
  • Recapitalizations and partner buyouts
  • Cross-collateralized portfolio structures

Title & Closing Services

  • Title examination and commitment review
  • Curative title work and resolution of title defects
  • Survey review and exception analysis
  • Title insurance coordination through policy issuance
  • Multi-state and portfolio title coordination
  • Escrow and closing administration
  • Owner and lender policy endorsements
Selected Experience

Selected Commercial Real Estate matters

Prior matters, described in general terms and without identifying clients.

All Selected Experience

  • Commercial Real Estate

    Securities & Private Capital

    $200 Million Southeast Multifamily Acquisition Program

    Represented a multifamily investment group in acquisitions throughout the Southeast totaling approximately $200 million over a four-year period, including structuring acquisition vehicles utilizing syndicated equity.

  • Commercial Real Estate

    Securities & Private Capital

    $150+ Million Texas Multifamily Portfolio Acquisition

    Represented an investment firm in the acquisition of a three-property, approximately 1,000-unit multifamily portfolio in Texas valued at more than $150 million, including significant deal structuring and preferred-equity negotiations.

  • Commercial Real Estate

    Lending & Finance

    $100+ Million Multifamily Portfolio

    Managed the acquisition and financing of a Central Michigan multifamily portfolio valued at more than $100 million.

  • Commercial Real Estate

    Lending & Finance

    $70 Million Florida Multifamily Portfolio

    Represented a real estate investment firm in the acquisition, financing, and disposition of a multi-asset apartment portfolio in Central Florida valued at approximately $70 million.

  • Commercial Real Estate

    Securities & Private Capital

    Lending & Finance

    $45.2 Million, 376-Unit Multifamily Acquisition and Syndication

    Represented the borrower in the $45.2 million acquisition and syndication of a 376-unit multifamily community in Arkansas.

  • Commercial Real Estate

    Securities & Private Capital

    250-Acre Mixed-Use Master Development

    Served as U.S. counsel to an international investment group in the acquisition, structuring, and development of approximately 250 acres in Covington, Georgia for a mixed-use master development contemplated to include single-family homes, approximately 700 multifamily units, and commercial and retail space.

  • Commercial Real Estate

    $16+ Million Marriott-Branded Hotel Development

    Represented a hospitality development group in the acquisition and development of a Marriott-branded hotel in Jacksonville, Florida valued at more than $16 million.

Attorneys

Commercial Real Estate team

All Attorneys

Insights

Writing on Commercial Real Estate

All Insights

Related

Matters rarely stay inside a single practice. These are the groups most often engaged alongside it.

Discuss a commercial real estate matter.

Please describe the matter in general terms only. Do not send confidential information until an attorney-client relationship has been established in writing.