Our team handles large-scale, multifaceted real estate transactions using complex, first-of-their-kind leasing structures to unlock value and create new opportunities.
We represent clients — including owners, developers, lenders, institutional and private investors, and Fortune 1000 companies — in transactions involving bespoke, complex leasing arrangements to help them achieve their goals relating to the transfer, development, financing and capitalization of properties in the gaming, resort, hospitality, industrial, office, retail, multi-family and warehouse sectors.
Our experience includes:
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OpCo/PropCo transactions
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Master lease transactions
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Sale-leasebacks and sale-subleasebacks
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Single-asset and multi-property leases
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Ground, net and triple-net leases
Examples of our work include sale-leaseback and tri-party OpCo/PropCo transactions that enabled our client VICI Properties Inc to acquire Caesars Palace Las Vegas, The Venetian, MGM Grand, Mandalay Bay and other iconic properties on the Las Vegas Strip, Chelsea Piers in New York, as well as numerous regional gaming-resort properties and other experiential assets in the US and Canada and lease them to their respective operators. Other key mandates include an 'estate for years' agreement enabling our client The Walt Disney to develop its Manhattan headquarters and own the property for 99 years; the acquisition and 99-year leaseback of a California property for client Safehold; and a 99-year ground lease by a private school of a parking garage on New York City’s Upper East Side to be converted to a school facility and submitted to a leasehold condominium regime to unlock a property tax exemption. Our work has included creation of unique leasing arrangements for properties subject to condominium and similar regimes, existing ground leases and other complexities.
