Acquisition & Disposition
Overview
We represent clients in the acquisition and disposition of all or portions of real estate operating and development companies with a significant portfolio of retail and/or office assets. We assist in the substantial due diligence efforts that such transactions, in most cases, require. Acquisition of less than all ownership interests in multi-tiered entities (related and unrelated) requires an understanding of the rights and obligations with respect to all of the underlying entities, as well as the physical assets. The governing documents must address the existing assets, day-to-day operations (including election and replacement of officers and directors), company growth, and exit strategies for our client and the existing owners.
Experience
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Representation of investors in the acquisition of two national grocery store anchor tenanted shopping centers in the metro Atlanta area.
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National representation of developers, owners, and lenders (conventional and mezzanine) in connection with the structuring, acquisition, development, financing, and disposition of multi-family projects consisting of over 75,000 units in the aggregate.
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Represented regional owner of a 2.5 million square foot portfolio of flex and mid-rise office properties, including acquisition, sale, leasing, finance, and recapitalization transactions.
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Represented Griffin-American Healthcare REIT II and REIT III, each a non-traded REIT, in connection with its acquisition and financing of various regulated healthcare facilities, including individual and portfolios of assisted living facilities, skilled nursing facilities, long-term acute care hospitals, and surgical centers. Each transaction utilized a complex structure involving a master lease, multiple subleases, guaranties, letters of credit, and inter-creditor agreements. Certain transactions utilized a RIDEA structure.
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Representation of light industrial developer and manufacturer in the acquisition of a 23-acre site, including 400,000 square foot building, for its U.S. headquarters and manufacturing facility.
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Representation of retail real estate investment and development company in acquiring and leasing shopping center outparcels in the Mid-Atlantic and Southwest U.S.
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Over a 10-year period, represented a major international real estate company in the purchase, sale, and financing of real estate with a total transaction value of $8 to 10 billion. Representation included the formation, operation, and dissolution of joint ventures with regional and super regional shopping centers, retail and industrial property owners, and the purchase, financing, and sale of office buildings and industrial properties. The transaction size ranged from approximately $20 million to approximately $325 million, the securitized debt secured by jointly owned shopping centers ranged from $70 million to approximately $200 million, and conventional bank debt transactions were at various amounts up to $1.6 billion.
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Representation of a multi-state family-owned business in the acquisition of a $3.5 million self-storage facility.
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Representation of Atlanta Property Group in the acquisition of several office building projects in the Atlanta, Georgia, metropolitan area.
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Represented Georgia-based apartment owner and manager in connection with the acquisition, disposition, and financing of more than 15,000 apartment units located in Georgia, Florida, Alabama, South Carolina, North Carolina, Virginia, Maryland, Tennessee, Texas, and Colorado. These units were mostly class C apartments that were renovated after purchase, thereby creating value for the ownership group. The financing included traditional bank acquisition and renovation financing and mini-perm refinancing in the commercial mortgage-backed securities (CMBS) and insurance company lending space. Though many of the transactions were single development deals, there were several portfolio acquisitions and dispositions.
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Representation of national developer in acquisition of land underlying power center development in Florida and negotiation of reciprocal easement agreement and various related documents.
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Representing a foreign equity investor, Profimex Ltd., in structuring a joint venture with U.S. based developer of office/flex properties and closing acquisition and financing of the first development in North Carolina, and in structuring the joint venture for the acquisition of three office/flex buildings in suburban Atlanta, Georgia, and closing the acquisition and financing of same.
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Representation of retail real estate investment and development company in the acquisition of a shopping center in South Carolina.
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Led due diligence team for client acquisition of 9 super-regional mall portfolio. The portfolio comprised over 2 million square feet of in-line space and 30 anchors.
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Representation of developer in acquisition of multiple building industrial park and subsequent leasing activity in the Southeast U.S.
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Representation of retailer in the acquisition of new corporate headquarters in the Southeast U.S.
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Representation of retailer in acquisition of inventory and supply warehouse across the U.S.
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Represented a joint venture of three international and one U.S. real estate company in acquiring a major real estate advisor, reviewing ongoing co-investments by the real estate advisor on behalf of the joint venture, and then represented the joint venture in selling the real estate advisor and its related co-investments for approximately $560 million.
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Represented affiliates of Rodamco, a European institutional investor, in the acquisition of 49 percent or greater interests in major regional shopping centers and trophy office buildings throughout the U.S. and Australia. Also represented Rodamco in the acquisition of significant interests in luxury hotels and resorts throughout the United States and the Caribbean.
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Represented purchaser RTM Inc. in an acquisition of a 354-store chain of Arby’s retail stores and on other 100+ unit chain store acquisition transactions.
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Represented a real estate fund formation of multiple “blind pool” funds and in the acquisition and disposition of portfolio assets comprising of acquisitions.
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Served as lead counsel on the acquisition of multiple franchised restaurants from distressed operators for the benefit of franchisee clients located in the Southeast U.S.
News & Insights
- EventsCaroline Magee to Present ESG Update for Commercial Tenants at NRTA’s 27th Annual ConferenceSeptember 9, 2024 | Speaking Engagements | Grapevine, Texas
- NewsAGG’s Newest Real Estate Additions Featured in Law360 and Daily ReportSeptember 20, 2023 | In the News | Law360 and The Daily Report
- NewsAGG Boosts Real Estate, Affordable Housing, and Retail Practices in Washington, D.C. With Addition of Four AttorneysSeptember 18, 2023 | News Releases | Arnall Golden Gregory LLP
Related Services
- Daniel J. Bradfield
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- Althea J.K. Broughton
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