Real Estate Investment Trusts Holland & Knight's Real Estate Investment Trusts (REITs) Team comprises corporate, securities, real estate and tax attorneys who work together to provide seamless service to our clients. We focus on the issues facing our clients and provide pragmatic advice and creative solutions that assist them in achieving their business objectives. Public and private REITs depend on Holland & Knight attorneys for advice and counsel in real estate capital markets transactions and the acquisition, development, leasing and disposition of real estate. Our lawyers understand the laws and regulations applicable to REITs, monitor emerging issues that affect REITs and are members of respected industry associations such as the National Association of Real Estate Investment Trusts (NAREIT).
Our lawyers counsel REITs, real estate funds, sponsors, contributors and developers at all stages of their life cycles on a variety of matters, including: • • • •
initial REIT formations
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mergers and acquisitions (M&A), joint ventures and other strategic transactions
conversions, rollups and spinoffs of existing entities into REITs and the related tax implications initial public offerings (IPOs), follow-on offerings and private placements of debt and equity securities umbrella partnership real estate investment trusts (UPREITs) and DownREITs, which are joint ventures between REITs and property owners acquisitions and dispositions of individual parcels and entire portfolios of real estate corporate and property-level debt financing transactions and debt restructuring tenant leasing and lease administration ongoing corporate and securities counseling corporate governance and compliance matters
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Represented a REIT in connection with the internal restructuring of its hospitality portfolio, the $1.1 billion disposition of a 52-hotel portfolio, and the spinoff and public listing of an upscale portfolio of 50 hotels with an asset value of more than $3.5 billion Represented a publicly traded REIT in connection with its negotiations with the borrower and the mezzanine lender for the restructuring of the REIT's mortgage loan, which was secured by a leasehold interest on a partially constructed condominium tower, originally intended to be the first phase of a multiphase project to be developed by affiliates of the borrower
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Represented a publicly traded REIT in the $165 million commercial mortgage-backed security (CMBS) financing of a 90-property retail portfolio
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Represented a publicly traded healthcare REIT in ground leasing land for development of a medical office building to be primarily leased to a ground landlord (hospital system) in Georgia
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Represented a REIT in connection with the due diligence for a prospective acquisition of a medical office portfolio during the bid process that ultimately sold for $2.8 billion
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Represented a publicly traded REIT in the $70.35 million acquisition of a 138,000-squarefoot office building located in Florida and leased to the U.S. federal government