NEW YORK--(EON: Enhanced Online News)--The Northern California Real Estate Practice of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. represents clients in a broad spectrum of acquisition, disposition and financing transactions for multifamily, office, and retail properties across the Western U.S. In 2016, these transactions totaled over $1.3 billion and involved more than 1,460 multifamily units and approximately 1.3 million square feet of office space.
“Over the past year, the Northern California Real Estate Practice has completed sophisticated transactions that showcase its ability to leverage the skills and knowledge of Mintz Levin attorneys across its offices and practices for the benefit of our clients”
Among the representative transactions, the firm represented Pacific Urban Residential (PUR) in the diligence, acquisition, and subsequent dissolution of a single asset residential real estate investment trust (REIT) purchased from an affiliate of Grosvenor Group, which owned a multifamily property in Belmont, CA. PUR is a leading West Coast apartment investor that acquires and repositions apartment communities, providing needed housing for nearly 17,000 West Coast residents. This transaction was led by Gabriel Schnitzler, a Member of the firm’s Real Estate Practice, with assistance from Carolyn Sha and Brandon E. Barker, attorneys in the Real Estate Practice, and Abraham A. Reshtick, a Member of the Tax Practice.
In addition to representing apartment investors, Mintz Levin has also worked closely with real estate investment firms that develop, own, and invest in office properties. Mintz Levin represented long-time client Menlo Equities in securing a $250 million syndicated financing for its new fund, the Menlo Equities Absolute Return Fund. The financing, led by PNC Bank, also involved a revolving credit facility. Initially seeded with six office properties, the fund focuses on acquiring and operating core and core-plus office properties leased to investment-grade-rated and credit worthy tenants.
In 2016 Mintz Levin also served as co-counsel in representing Santa Clara Campus Partners, a joint venture between Menlo Equities and Beacon Capital Partners, in a $399 million syndicated construction financing led by Wells Fargo. The loan was dedicated to executing phases two and three of Santa Clara Campus Partners’ Santa Clara campus, which is pre-leased to Hewlett Packard Enterprise Company and Palo Alto Networks.
“Over the past year, the Northern California Real Estate Practice has completed sophisticated transactions that showcase its ability to leverage the skills and knowledge of Mintz Levin attorneys across its offices and practices for the benefit of our clients,” said Paul Churchill, Managing Member of the firm’s San Francisco office.
For more information about Mintz Levin, please visit www.mintz.com.