Lee Korland

Represented the buyer in the acquisition of a six-tenant retail strip center located in the Dayton, Ohio area for approximately $6 million.

Represented a publicly traded REIT in connection with a $495 million sale of a six property portfolio of shopping centers located in Ohio, Florida, Oregon and Arizona, consisting of approximately 2.5 million square feet of gross leasable area, to a joint venture between a state pension fund and Chicago area real estate investment firm.

Represented prominent real estate investment company on the disposition of a portfolio of three industrial properties located in Ohio and Indiana, with the properties comprising approximately 700,000 square feet and with a transaction value of more than $43 million.

Represented a global real estate private equity fund in connection with numerous acquisitions of grocery anchored shopping centers throughout the United States, including properties located in California, Florida and Pennsylvania, with each deal typically valued at $40+ million.

Represented global real estate private equity fund in the acquisition of a 200,000+ square foot single tenant industrial property located in the Tampa, FL area for in excess of $27 million.

Represented a joint venture comprised of a global real estate private equity fund and a publicly traded REIT on a portfolio sale of five large grocery anchored shopping centers located in Florida and Pennsylvania for more than $100 million.

Represented a national real estate developer on the purchase of a $33 million note from an institutional lender secured by a prominent regional power center located in Kansas.

Represented a large public REIT in connection with the complex acquisition of a grocery anchored urban shopping center located in the heart of Chicago, IL for more than $80 million. The 130,000+ square foot shopping center was developed, constructed and leased during the course of the transaction. 

Represented a prominent industrial property owner on the sale of a three property industrial portfolio comprising 215,000+ square feet located in San Diego, CA for approximately $95 million.

Represented global real estate private equity fund in connection with the sale of an approximately 175,000 square foot grocery anchored shopping center located in San Francisco, CA for in excess of $105 million. 

Represented a prominent national developer on the development and financing of a 300+ unit multifamily apartment project in Texas, including structuring multiple joint ventures, negotiating construction and mezzanine financing, and addressing numerous development related title matters.

Represented a publicly traded REIT on a complex portfolio sale of three large regional shopping centers located in Utah in a deal valued at approximately $225 million. The shopping centers totaled more than 1,500,000 square feet of space.

Represented a global real estate private equity fund in connection with numerous acquisitions of industrial, warehouse and flex properties throughout the United States, with each deal typically valued from $15 million to more than $40 million.

Represented NYC based real estate private equity fund on the acquisition and financing of a 535,000+ square foot retail power center located in Michigan for approximately $63 million.

Represented multifamily property owner and operator in connection with the acquisition and financing of a two property apartment portfolio located in the greater Columbus, OH market, comprised of approximately 600 units, with a transaction value in excess of $80 million.

Represented a global real estate private equity fund in connection with the acquisition of a 165,000+ square foot grocery anchored shopping center and industrial mixed use condominium project located in the greater Los Angeles, CA market, with a transaction value in excess of $45 million.

Represented a prominent national developer on the ground leasing, joint venture structuring, financing, development, and construction of a 350+ unit luxury apartment development valued at more than $100 million as part of a larger master planned mixed-used project in Pittsburgh, PA.

Represented a publicly traded REIT in connection with the sale of an 11 property grocery anchored shopping center portfolio consisting of assets located in New York, Georgia and Ohio to a global investment fund for in excess of $150 million.

Represented a Fortune 500 company on the sale, leaseback, development and redevelopment of the client’s world headquarters and longtime campus located in northeast Ohio. The $250+ million project involved the sale of hundreds of acres of improved and unimproved property to numerous third parties.

Represented one of the world’s largest owners of industrial properties on the sale of a three property multi-tenant industrial portfolio comprising approximately 1,000,000 square feet in the San Antonio, TX area for more than $140 million.

Represented a global real estate private equity fund and that company’s operating partner on a complex portfolio sale of four large open-air shopping centers located in Ohio, New Jersey, Colorado and Arizona, in a deal valued at approximately $100 million.

Represented one of the country’s largest owners of multifamily properties on the acquisition and financing of a six property apartment portfolio located in Indiana, comprising over 2,100 units, with a transaction value of approximately $250 million.

Represented a global real estate private equity fund in connection with the acquisition, joint venture structuring and financing of a 600,000+ square foot mixed use property located in the greater Oakland, CA area for more than $85 million.

Represented a publicly traded REIT in connection with the portfolio sale of two regional power centers located in the greater Boston, MA market for $300+ million. 

Represented an Ohio based private equity fund in the acquisition, financing and eventual sale of numerous multifamily assets located in Florida.

Advised a publicly traded REIT on all facets of multiple redevelopment projects relating to existing shopping centers and potential conversions to mixed-use projects, including addressing title matters and potential tenant consents, pursuing joint venture opportunities, and negotiating with development partners.

Represented prominent national developer in resolving an ongoing dispute with a joint venture partner relating to a large shopping center investment, including restructuring terms for the joint venture, addressing existing loan matters, and recapitalizing the company.

Handled all real estate matters with respect to the multi-state asset acquisition of a chain of rehabilitation hospitals and skilled nursing facilities involving the fee purchase of 20+ properties and the assumption of 10+ leases, having an aggregate transaction value of approximately $190 million.

Represented NYC based private equity fund on all real estate matters in connection with an approximately $350 million portfolio acquisition of senior living communities located in five different states.

Represented large national industrial property owner and investor in the disposition of an industrial property located near Chicago, IL comprising 320,000 square feet with a transaction value of approximately $48 million.

Advised governmental client in connection with a $168 million redevelopment project involving over 250 separate parcels stretching over 7 miles of roadway in northeast Ohio. 

Represented a national banking institution with respect to loan workouts involving approximately $100 million of loans secured by distressed real estate assets, including documentation of loan modification terms, handling negotiations relating to additional collateral, navigating inter-creditor issues and lending group concerns, and advising as to bankruptcy filing implications.

Represented investment fund in connection with the purchase of an industrial property located in the Seattle, WA area for in excess of $25 million.

Represented NYC based private equity fund and that firm’s operating partner in connection with the sale of a lifestyle center located in Orlando, FL for approximately $40 million.

Represented prominent consumer goods company on the sale of multiple manufacturing and warehousing facilities located in Ohio as part of a larger $550 million corporate transaction. 

Represented a publicly traded REIT on the making of an approximately $13 million mezzanine loan secured by a pledge of membership interests in an entity that owned a distressed shopping center in Florida.

Represented a publicly traded REIT in connection with the sale of a 1,000,000+ square foot shopping center located in Arizona for in excess of $80 million.

Represented prominent national property owner in the disposition of a 200,000+ square foot single tenant industrial property located near Atlanta, GA for over $18 million.

Represented one of the country’s largest owners of multifamily properties in connection with the acquisition and financing of a 200+ unit apartment community located in southern Ohio for approximately $30 million.

Represented investment fund in the acquisition of a multi-tenant industrial property located near Boston, MA and comprising nearly 100,000 square feet for approximately $20 million.

Represented prominent NYC based real estate private equity fund in the acquisition of a 235,000+ square foot grocery anchored shopping center located in Philadelphia, PA for more than $50 million.

Represented one of the country’s largest retailers on a number of significant development projects involving excess real estate across the United States.  These projects typically involved the development of multifamily, retail and/or office space, together with new structured parking, adjacent to the retailer’s operating stores at prominent regional shopping centers. 

Represented one of the world’s largest owners of industrial properties on the sale of a three property industrial and warehouse portfolio comprising roughly 500,000 square feet in the Milwaukee, WI area for over $40 million.

Represented a large public REIT in connection with a multi-faceted redevelopment of an existing shopping center located in the Chicago, IL area that encompasses nearly 700,000 square feet.  The project included a land sale to a prominent national retailer, significant related site work, and additional outparcel sales and add on development so as to maximize the value of the overall property.

Represented prominent multifamily property owner and operator in connection with numerous dispositions of apartment complexes located throughout the United States that are typically valued between $10 million and $50 million.  The transactions frequently involve the assumption or defeasance of existing debt.

Represented prominent real estate private equity fund in the acquisition of a 400,000 square foot industrial property in Savannah, GA for approximately $40 million. 

Represented a large public REIT in connection with the acquisition of a 20,000+ square foot retail property located in Scottsdale, AZ for more than $13 million.

Represented investment group on the acquisition of an integrated mixed-use complex comprised of a 57 story 1,300,000 million square foot trophy office tower, 10 story historic office and bank building, 400 key hotel and subterranean parking garage. 

Represented a publicly traded REIT on the purchase of an approximately $18 million loan in foreclosure secured by a mortgage on a shopping center development that was under construction in Florida.  Our representation included obtaining new financing for the purchase of the distressed loan, addressing issues with the anchor tenant for the project, navigation intercreditor concerns and development matters, and resolving millions of dollars in liens on the project.

Provide ongoing representation to several prominent national retail property owners in connection with the sale of shopping centers located throughout the United States that are typically valued between $10 million and $100 million.  These transactions have included successfully closing the sale of properties located in more than 40 different states.

Represented a prominent national developer on the acquisition, financing, and redevelopment of a former industrial site as a 300+ unit luxury apartment project in Cleveland, OH. The transaction included handling all aspects of the debt and equity financing, as well as general development matters.

Represented a large public REIT in connection with a portfolio review of dozens of shopping centers, based on the proposed subdivision, parcelization and transfer of multiple outparcels being split from existing properties. Our representation included assistance navigating all related title and leasing matters based on the outparcels being split from the shopping centers and then implementing the property transfers. 

Represented a private equity fund in connection with all aspects surrounding a distressed real estate investment in a $150+ million regional shopping center located in Virginia.  Our representation included facilitating a forbearance agreement with the various lenders and special servicer responsible for the loans on the property, as well as assisting in a restructuring and recapitalization of the existing joint venture to enhance the client’s ability to turnaround the project on a going forward basis.

Represented NYC based real estate investment fund on the acquisition, financing and joint venture structuring with respect to the purchase of a 170,000+ square foot regional retail power center located in a suburb of Chicago, IL for approximately $30 million.

Represented a private equity fund on the acquisition and financing of an approximately 400 unit apartment community located in Colorado in a transaction valued at nearly $70 million, including handling all aspects of the joint venture structuring, property due diligence, negotiation of the property management agreement, and coordinating the assumption of two separate loans.

Represented a large public REIT on the sale of a sprawling regional shopping center encompassing 1,000,000 square feet located in Minnesota for approximately $70 million.  The transaction occurred during the height of the COVID-19 pandemic, resulting in a multitude of delays, as well as numerous tenant closings and lease restructurings.  Our representation included assisting the client in navigating through these various issues and ensuring a successful closing. 

Represented a real estate private equity fund and that company’s operating partner in connection with the sale of a prominent regional power center located in Texas to a Wall Street based international investment fund for in excess of $100 million.

Represented a large public REIT on the acquisition of a 400,000+ square foot regional power center located in Orlando, FL for approximately $67 million. The transaction involved purchasing both fee simple and ground leasehold interests in the property from different sellers, as well as working to resolve complicated title and leasing issues based on a multitude of leases and subleases in place.   

Represented a large, NYC-based private equity fund in the portfolio acquisition of numerous apartment communities located in Colorado.  The transactions involved roughly 1,350 units spread across multiple properties and was valued at approximately $225 million. Our representation included a complex restructuring and recapitalization of multiple joint ventures, navigating complex tax matters, and negotiating and documenting several existing loan assumptions.