Christopher D.
McCoy
(Chris)

Joint Venture and Fund Formation:

Represented life insurance company as sponsor to form a separate account joint venture with a foreign life insurance company with the purpose of owning a "build-to-core" portfolio of industrial and multifamily real estate properties with initial aggregate capital commitments of up to approximately $409 million, and in turn represented the separate account joint venture as investor in connection with property-level joint venture transactions to acquire and finance development projects in Portland, OR (multifamily, $83,400,000), Washington, DC (multifamily, $137,000,000), Memphis, TN MSA (industrial, $38,500,000), and Henderson and Reno, Nevada (industrial, $67,500,000 each).

Representing life insurance company as sponsor to form a separate account joint ventures with a state pension fund to invest in property-level joint ventures with a national developer to acquire and finance development of tripe-net credit tenant industrial projects in Acworth, GA ($65,000,000, transaction pending) and Spokane, WA ($140,000,000 transaction pending).

Represented life insurance company as investor in connection with joint venture transactions with national developer sponsors to acquire and finance development projects in Washington, DC (mixed-use including multifamily, retail, and hotel, $500,000,000) and Phoenix, AZ (multifamily, $67,000,000).

Represented private fund sponsor in connection with negotiation and formation of programmatic joint venture with U.S.-based state employee pension fund to acquire opportunistic and value add industrial projects in U.S. markets with initial capital commitments of $300,000,000.

Represented private North Carolina-based fund sponsor, through a joint venture between one of its investment funds and a sovereign wealth fund, in acquisition of a 21-property mixed-use portfolio comprising retail, office and residential units located along Newbury Street in Boston, MA. At closing, the acquisition constituted the largest retail real estate transaction in the history of Boston, with an acquisition price of $300,000,000, which was funded in part through a $165,000,000 million mortgage loan.

Preferred Equity and Alternative Capital:

Represented private U.S. based real estate firm in a preferred equity investment in a former textile mill that has been redeveloped into an innovative mixed-use property in Charlotte, NC that includes a food hall, and other retail and office uses. The transaction is valued at $72,000,000.00 and included purchasing the existing mortgage debt as a bridge loan to refinancing the project with new permanent mortgage debt, an existing historic tax credit structure, the redemption of the sponsor's previous preferred equity and mezzanine investors, and certain internal transfers and conversions required to occur prior to closing for tax purposes.

Represented private U.S. based real estate firm in a preferred equity investment of $20,078,000 in connection with the acquisition, construction financing, and development of a 433-unit multi-family complex in Dallas, Texas.

Represented a private real estate investment fund in the recapitalization of an office tower in St. Paul, Minnesota which consisted of the formation of a real estate fund to contribute $14.5 million of preferred equity to the existing ownership structure, the formation of a joint venture to provide an additional $8 million of preferred equity in the fund, the formation of four joint ventures with the existing tenant-in-common owners of the property who in turn contributed the property to the joint venture, and a new mortgage loan in the amount of $75.5 million.

Represented a private, U.S.-based real estate firm in connection with $489,000,000 acquisition of trophy office park assets in suburban Atlanta consisting of five office buildings for a total of approximately 2,125,000 square feet of rentable office space, parking decks and a future development parcel and financed with mortgage and mezzanine debt.

Represented a public REIT in acquisition a 20-story office high-rise located in suburban Atlanta via acquisition of 100% of the common stock of “baby-REIT”, redemption of preferred stock and subsequent liquidation REIT for tax purposes through merger of REIT up into purchaser.

Single-Family Programs:

Represent life insurance company as investor in connection with negotiation and formation of joint venture to acquire and finance single-family residential properties with equity capital commitments of up to $200,000,000.

Represent private U.S. based real estate firm in the recapitalization of a single-family residential homes portfolio consisting of approximately 4,150 homes in Ohio and Indiana in which its investors transferred their partnership interests in subsidiaries to a new operating partnership owned by private equity investors and a newly formed REIT in exchange for cash and roll-over equity in the new operating partnership to be managed by our client, all in transactions valued at approximately $350,000,000 and financed in part by Freddie Mac.

Represented private U.S. based equity firm in connection with disposition of single-family residential platform to institutional investors in two transactions involving over 1,700 and 4,200 homes each for approximately $150,000,000 and $409,000,000, respectively.

Sale/Leaseback and CTL Transactions:

Represented a private real estate firm in sale/leaseback of urban, mixed-use developments outside of Dallas, Atlanta, and Phoenix consisting of multi-building office projects (including ground floor retail) for a purchase prices of $793,000,000, $275,400,000, and $930,000,000 respectively, including leases of over 4.75 million square feet, joint venture investments by foreign pension funds and traditional mortgage financings.

Represented a global financial institution in connection with credit tenant lease (CTL) financing involving ground lease/leaseback of land for construction of international headquarters of Fortune 50 company in Michigan.

Foreign Investments:

Represent Middle Eastern financial services firms in connection with Shari’ah-compliant and traditional investments in the U.S., including formation of single-asset or programmatic joint ventures to acquire multifamily and student housing projects, assemble portfolios of industrial assets, and dispose of office and industrial portfolio assets.

Represented a Los Angeles-based private quity firm in connection with formation of single and programmatic joint ventures with local developers of multifamily projects in major metropolitan areas of Brazil.

Infrastructure:

Represented foreign and domestic renewable energy companies with acquisition, disposition, equity investment and tax equity financing of wind and solar energy generation projects collectively estimated to generate in excess of 1,000 MW of electricity.

Represented a Charlotte-based private equity firm in sale/leaseback transaction involving manufacturing plant located in Concord, North Carolina, consisting of approximately 2,000,000 square feet of usable space and 2,000 acres of land for manufacture of commercial-grade batteries for energy storage.