In recent years, the real estate market has seen a vastly expanded demand for less traditional, more diverse financing products. In response, Sidley’s Real Estate
practice team has developed a substantial practice in preferred equity and joint venture transactions representing an array of clients, including investment banks, opportunity and private equity funds, pension funds, bank affiliates and mortgage REITs. These clients are typically expanding their activities from traditional mortgage-based lending to mezzanine and other equity-based transactions, and are looking to invest both domestically and offshore. In addition, we represent owners seeking to attract acquisition and development financing or to monetize their portfolios to maximum leverage. Working closely with our colleagues in the Tax
and ERISA Litigation
practices, we structure, negotiate and craft documents appropriate for each particular venture. Depending on its type, location and financing, the venture vehicle may be a general or limited partnership, a limited liability company or a master venture comprised of multiple investment vehicles.