REIT Divestiture of Retail Properties

CMBS Special Servicer

Representation of CMBS special servicer in connection with loans totaling $150 million secured by commercial retail properties. REIT-owner sought consent to equity transfers in order to divest itself from investments in brick and mortar retail properties throughout the United States.

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Marla I. Berman
Of Counsel
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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