Adam N. Saurwein

Represented Blackstone in connection with its acquisition of a portfolio of 228 mortgage loans from Atlantic Union Bank for approximately $2 billion.

Represented KeyBank in connection with its $23.85 million loan for the acquisition of two industrial properties in Lugoff, South Carolina.

Represented The NRP Group LLC in its $7 million purchase of unimproved land in Travis County, Texas, and the subsequent $53 million loan for the construction of a multifamily project on the land.

Represented The Mid-America Management Corporation in its acquisition of a shopping center in northeast Ohio for more than $12 million.

Represented The NRP Group LLC in a joint venture formation to allow for the construction and development of 3 multifamily projects in Texas.

Represented The NRP Group LLC in a more than $45 million joint venture financing for the construction and development of a multifamily project in Princeton, Texas.

Represent NRP in the sale of a multifamily property located in in Bee Cave, Texas for $49 million.

Advised a leading international investment and management firm, performing all diligence and related needs for their purchase of loans in default for a total of over $600 million and subsequent foreclosures of more than 70 properties in California.

Represented one of the largest multifamily developers in the country as the seller in its disposition of a Class A multi-family project in Florida totaling $93,500,000.00.

Represented the borrower in a $21 million CMBS loan secured by a five-property commercial real estate portfolio located in Bonita Springs, Florida.

Represented the lender in the $14+ million construction financing of a single-tenant office facility near Akron, Ohio.

Represented the developer in a joint venture and $30+ million construction financing for a 320,000+ SF multifamily apartment development in Austin, Texas.

Represented the developer in a multiple-layered joint venture and construction financing for a $80 million 330+ unit multifamily apartment development in Pittsburgh, Pennsylvania.

Represented the developer in a multiple-layered joint venture and construction financing for a $48 million 360+ unit multifamily apartment development near Austin, Texas.

Represented the developer in a joint venture and $29+ million construction financing for a 300,000+ SF multifamily apartment development in north Texas.

Represented the developer in a $21+ million construction financing and $8+ million mezzanine financing for the development of a 200 unit multifamily apartment development in Dallas, Texas.

Represented the owner in the $22 million refinancing of a 40+ building multifamily apartment complex in Indianapolis, Indiana.

Represented the purchaser in the acquisition and financing of a shadow-anchored shopping center located near Grand Rapids, Michigan, including a “reverse” 1031 exchange.

Represented the purchaser in the acquisition and Fannie Mae-backed financing of a 150+ unit multi-building apartment complex in Florida for a purchase price in excess of $9 million.

Represented the borrower in a $4+ million life insurance company loan secured by an industrial complex located in Worthington, Ohio.

Represented the lender in the modification of a $6+ million permanent financing of a single-tenant office facility near Akron, Ohio.

Represented the investor group in a $11+ million refinance of a shopping center near Milwaukee, Wisconsin.

Represented the owner in the $11.5 million refinancing of a multi-tenant retail shopping center located in DeKalb, Illinois.

Represented the developer in a $22+ million construction financing and $7+ million mezzanine financing for the development of a 290+ unit multifamily apartment development in San Antonio, Texas.

Represented the purchaser in the membership interest purchase of a limited liability company that owns a 150+ unit multifamily apartment complex located near Louisville, Kentucky, which acquisition also involved a HUD loan assumption and a joint venture.

Represented the borrower in the modification of a $5.6 million loan secured by a single-tenant industrial property located in Columbus, Ohio.

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture, including a land contribution agreement from one joint venture partner and a $7+ million preferred equity investment from another joint venture partner, and $19,000,000+ construction financing for a 100+ unit multifamily apartment development near Boston, Massachusetts.

Represented the owner in the approximately $21 million refinancing of an industrial portfolio consisting of properties located in Lenexa, Kansas; Branchburg, New Jersey; Sheffield Village, Ohio; and West Chester, Ohio.

Benesch is representing one of the country’s largest retail property owners in connection with the sale of a large 400,000 square foot regional shopping center to a private investment company.  The transaction involves complicated leasing matters that Benesch is working with the client to satisfy, while also addressing complex title, survey, leasing and diligence matters.  

Represented a publicly-held REIT in the disposition of multiple outparcel lots at a retail shopping center complex in Charlotte, North Carolina.

Benesch represents one of the nation’s largest multifamily housing developers in the ground leasing, financing, and development of a 430+ unit multifamily apartment complex within a large scale vertical mixed-use project including ground floor retail, office and hotel uses and subterranean parking facilities in a high profile redevelopment project in downtown San Antonio, Texas. Benesch is handling all aspects of the ground leasing, redevelopment, and debt and equity financing for the project. The project involves a complicated master lease structure with multiple subleases, a leasehold condominium regime and reciprocal easement agreements. Benesch is handling negotiation of the multi-layered sublease structure, which governs the public-private partnership among the city, through a public facilities corporation, the master developer and the client. The development is further complicated by the inclusion of public park facilities, a subterranean garage and other shared infrastructure that is integral to the master plan for the development.

Represented a borrower in the $36 million Fannie Mae refinancing of a 960-unit multifamily apartment and shopping center complex located in Philadelphia, Pennsylvania.

Represented Canadian investors in the acquisition of a value-add multifamily apartment complex with ground floor retail located in Northeast Ohio and acquisition and renovation financing through a CMBS loan.

Represented lender in $5+ million mortgage financing secured by an oil refinery in central Ohio.

Represented one of the world’s largest real estate owners and managers in the disposition of a power center near Birmingham, Alabama, with a purchase price in excess of $60 million.

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture, including a $11+ million preferred equity investment, and $39+ million construction financing for the redevelopment of an industrial property as a 300+ unit multifamily apartment development in Charlotte, North Carolina.

Represented one of the largest developers, owners and managers of multifamily residential property in country in the development and financing of a 330-unit multifamily apartment development near San Antonio, Texas, including multiple joint venture limited liability company agreements, $28+ million construction financing, $11.5 million mezzanine financing, a shared work infrastructure development agreement and multiple declarations of covenants, restrictions and easements related to the mixed-use development of which the apartment property is a part.

Benesch represented one of the country’s largest retail property owners in connection with the sale of a prominent regional power center located in Texas to a Wall Street based international investment fund. The transaction was completed on an extremely compressed timeframe and included navigating complex leasing matters and assisting the client in satisfying challenging leasing conditions, while also resolving title, survey and related due diligence matters to ensure a timely closing.

Represented the owner in refinancing of an approximately 400-unit multifamily apartment complex in Memphis, Tennessee, with a $15+ million Fannie Mae loan.

Represented the owner in the approximately $13 million financing of a shopping center in Evansville, Indiana.

Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $62 million 270-unit market-rate multifamily apartment development in Maryland near Washington DC.

Represented the owner in the refinancing of a 320-unit multifamily apartment complex in Indianapolis, Indiana, with a $16+ million Fannie Mae loan.

Represented one of the nation’s largest multifamily housing developers in a joint venture with a large, institutional investor and construction financing for the development of an approximately $51 million market-rate apartment building with retail located near Bostin, Massachusetts.

Represented the owner in the $13+ million refinancing of a 116,000 SF grocery-anchored shopping center in Tennessee.

Represented the owner in the $6.8+ million refinancing of a 120+ unit multi-building apartment complex.

Represented the owner in the $10+ million refinancing of a 98,000+ SF grocery-anchored retail shopping center in Massachusetts.

Represented the borrower in the $11 million refinancing of a 300-unit multifamily apartment complex in Fort Wayne, Indiana.

Represented the purchaser in the acquisition of a 76,000+ SF shopping center for a purchase price in excess of $4.8 million.

Represented the borrower in the $14 million refinancing of a multifamily apartment complex in Fort Wayne, Indiana.

Represented the owner in the $12 million refinancing of a ten-building multifamily apartment complex in Mishawaka, Indiana.

Represented the purchaser in the acquisition of a 150 unit multi-building apartment complex in Florida for a purchase price in excess of $7 million, including the assumption of existing HUD indebtedness on the property.

Represented the purchaser in the acquisition of a 104,000+ SF shopping center west of Chicago, Illinois, with a purchase price of approximately $6.7 million, including a 1031 exchange, and the development of a new outparcel.

Represented the owner in the $26 million refinancing of a 500,000+ SF multi-building multifamily apartment complex in Indianapolis, Indiana.

Represented the borrower in the modification of a $5 million loan secured by a multi-tenant retail shopping center located in Chattanooga, Tennessee.

Represented one of the world’s largest real estate owners and managers in the disposition of a power center in Texas with a purchase price of $100 million.

Represented one of the world’s largest real estate owners and managers in the disposition of a shopping center in Tennessee with a purchase price in excess of $39 million.

Represented one of the largest developers, owners and managers of multifamily residential property in country in the development and financing of a multi-phase multifamily apartment development in Pittsburgh, Pennsylvania, with an initial phase of more than 360 apartment units, including multiple joint venture limited liability company agreements, $57+ million construction financing, a ground lease, an option agreement, a shared work infrastructure development agreement and an amendment to an existing declaration of covenants, restrictions and easements.

Represented one of the world’s largest real estate owners and managers in the disposition of a power center in Alabama with a purchase price of almost $54 million.

Represented one of the world’s largest real estate owners and managers in the disposition of a grocery-anchored shopping center in Nassau County, New York, with a purchase price of $75 million.

Represented a participating lender in a $20 million participation in a $65.5 million construction financing for the development of a multi-tenant retail shopping center near Pittsburgh, Pennsylvania.

Represented a national bank in a construction loan for a single-tenant building located in Port Charlotte, Florida.

Represented a national bank in a loan modification with membership interest pledges for a loan secured by an industrial building located in Cleveland, Ohio.

Represents one of the nation’s largest multi-family housing developers in various development projects on a national basis.

Represented the owner in the $4.5 million refinancing of a multi-tenant commercial retail shopping center.

Represented the developer in the acquisition and financing, including a $47+ million construction financing, $12+ million mezzanine financing,  Port Authority financing, EB-5 financing and a 1031 exchange, for the development of a 300+ unit multifamily apartment development in Cleveland, Ohio.

Represented the borrower in a $7.6 million life insurance company loan secured by a multitenant industrial building located in Menomonie, Wisconsin.

Represented the borrower in a $13+ million life insurance company loan secured by a multitenant industrial building located in Gainesville, Georgia.

Represented the borrower in a $23+ million insurance company loan secured by an industrial building located in Brownsburg, Indiana.

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture in North Andover, Massachusetts.

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture including a contributing landowner and a large, institutional investor and construction financing for the development of a $48 million 130+ unit market-rate apartment building located in Jersey City, New Jersey.

Represented one of the nation’s largest national banks as the lead syndicator and arranger of construction financing for the development of an approximately $140 million residential apartment tower with ground floor retail space and a parking garage in Cleveland, Ohio, which included a vertical subdivision and multiple ground lease structure.

Represented the owner in the refinancing of an almost 300-unit multifamily apartment complex in Memphis, Tennessee, with a $16+ million Fannie Mae loan.

Represented one of the nation’s largest multifamily housing developers in the financing and development of a $51 million 145-unit market-rate multifamily apartment development with retail space near Boston, Massachusetts.

Represented the owner in the refinancing of an almost 1,000-unit multifamily apartment complex near Philadelphia, Pennsylvania, with a $36 million Fannie Mae loan.

Represented the purchaser in the purchase and financing of a 600,000+ SF single-tenant industrial facility in Ashland, Ohio.

Represented the seller in the disposition of a light industrial complex in Jacksonville, Florida, including a “reverse” 1031 exchange.

Represented the developer in the acquisition and construction financing for a $56 million 300+ unit multifamily apartment development in Cleveland, Ohio, including a $42 million senior syndicated construction financing and $12 million mezzanine financing.

Represented the owner in the $6.5+ million refinancing of a high-rise multifamily apartment tower.

Represented the borrower in connection with a $1,100,000 bridge loan refinance of a senior living facility in Toledo, Ohio.

Represented a privately held real estate investment and management company holding over $1 billion in assets in the almost $18 million acquisition of a shopping center in Fort Wayne, Indiana, including negotiating the purchase agreement on an expedited basis, negotiating an $11,000,000 acquisition loan from an insurance lender, reviewing all diligence for the site including retail leases, as well other complex title matters and survey issues.

Represented Fortune 500 company in the $36,500,000 sale of a 167-unit multifamily property near Minneapolis, Minnesota.

Represented a privately held real estate investment and management company holding over $1 billion in assets in the $39 million acquisition of a research and development facility located near Dayton, Ohio, including negotiating the purchase agreement on an expedited basis and analyzing all diligence for the site including a commercial lease and reciprocal easement agreement.

Represented one of the nation’s largest multifamily housing developers in the debt refinancing and equity recapitalization of a 300+ unit multifamily apartment complex in northeast Ohio, which involved unwinding a complicated mix of leases related to a 1031 exchange structure and bonds related to the construction financing, a new $55+ million Freddie Mac loan, a membership interest sale agreement for a partial cash-out of select investors and a new joint venture structure including existing and new equity.

Represented one of the nation’s largest multifamily housing developers in the $100 million debt refinancing and equity recapitalization of a 300+ unit multifamily apartment complex in Pittsburgh, Pennsylvania, which involved amending and restating an existing ground lease structure, a new $60 million life insurance company loan, a partial cash-out of select investors and a new joint venture structure including existing and new equity.

Represented one of the nation’s largest multifamily housing developers in the approximately $100 million debt and equity financing of a 440+ unit multifamily apartment complex in Pittsburgh, Pennsylvania, which involved a ground lease structure, negotiating new easements and amendments to an existing REA, a new $65 million construction loan, and a multiple-layered joint venture structure.

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture including a contributing landowner and a large, institutional investor and construction financing for the development of a $99+ million apartment community with a mix of market-rate and affordable units located in White Plains, New York. This complicated development included negotiation of a reciprocal easement agreement with an adjacent office owner for certain shared infrastructure and negotiation of certain affordable housing incentives through the county’s Industrial Development Agency.

Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $60 million 184-unit market-rate multifamily apartment development in Wakefield, Massachusetts.

Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $80 million 354-unit market-rate multifamily apartment development in Maryland in the Washington D.C. area.

Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $123 million 390-unit market-rate multifamily apartment development in Virginia in the Washington D.C. area.

Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $59 million 331-unit market-rate multifamily apartment development in the Tampa, Florida area.

Represented the owner in the approximately $13 million financing of a shopping center in Evansville, Indiana.

Represented the owner in the approximately $21 million refinancing of an industrial portfolio consisting of properties located in Lenexa, Kansas; Branchburg, New Jersey; Sheffield Village, Ohio; and West Chester, Ohio.

Represented the owner in the refinancing of a 320-unit multifamily apartment complex in Indianapolis, Indiana, with a $16+ million Fannie Mae loan.

Represented the owner in the refinancing of an almost 1,000-unit multifamily apartment complex near Philadelphia, Pennsylvania, with a $36 million Fannie Mae loan.

Represented the owner in the refinancing of an almost 300-unit multifamily apartment complex in Memphis, Tennessee, with a $16+ million Fannie Mae loan.

Represented the owner in refinancing of an approximately 400-unit multifamily apartment complex in Memphis, Tennessee, with a $15+ million Fannie Mae loan.

Represented one of the nation’s largest multifamily housing developers in a joint venture with a large, institutional investor and construction financing for the development of an approximately $51 million market-rate apartment building with retail located near Boston, Massachusetts.

Represented one of the nation’s largest national banks as the lead syndicator and arranger of construction financing for the development of an approximately $140 million residential apartment tower with ground floor retail space and a parking garage in Cleveland, Ohio, which included a vertical subdivision and multiple ground lease structure.

Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $62 million 270-unit market-rate multifamily apartment development in Maryland near Washington DC.

Represented one of the nation’s largest multifamily housing developers in the financing and development of a $51 million 145-unit market-rate multifamily apartment development with retail space near Boston, Massachusetts.  

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture including a contributing landowner and a large, institutional investor and construction financing for a $52 million 190+ unit multifamily apartment project in a mixed use development near North Andover, Massachusetts.

Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture including a contributing landowner and a large, institutional investor and construction financing for the development of a $48 million 130+ unit market-rate apartment building located in Jersey City, New Jersey.