Sara Safa

Financings

• Represented CBRE Investment Management, on behalf of its funds, in connection with $153 million intercompany bridge loan financing related to the acquisition of a seven-property portfolio.
• Represented InterVest Capital Partners Inc. on its $778.6 million construction loan for the office-to-residential conversion of 111 Wall Street in New York.
• Represented subsidiary of a U.S. private equity fund in connection with its $172.2 million refinancing of a luxury tower located in New Jersey.
• Represented a U.S. private equity fund in connection with its $124 million refinancing of a 375-unit, mixed-use, multifamily apartment complex located in a qualified opportunity zone (QOZ) in San Pedro, California.
• Represented a leading real estate investor as a lender in connection with the $335 million refinancing of an Upper East Side luxury hotel in New York City.

Acquisitions & Dispositions

• CBRE Investment Management, on behalf of its funds, through a joint venture with MCB Real Estate, on the $247 million acquisition of a seven-property grocery-anchored shopping center portfolio exceeding 1.1 million square feet across sites in Hawaii, Louisiana, Minnesota, North Carolina and Texas.
• Represented a joint venture between Principal Real Estate Investors and Lincoln Property Company on their $253 million sale of a 15.2-MW data center in Georgia.
• Represented Principal Enhanced Property Fund on its $129.5 million acquisition of two senior living apartment communities in North Carolina.
• Represented a joint venture in connection with the $1.3 billion sale of a 54-property industrial portfolio.
• Represented a real estate investment trust in the sale of a 16-property, 1.9 million-square-foot retail portfolio.

REITs

• Launch and ongoing representation of non-traded REITs:
  
  • Fortress Credit Realty Income Trust (FCR), a private non-traded mortgage REIT sponsored by Fortress Investment Group.
  • Fortress Net Lease REIT (FNLR), a private non-traded net lease REIT sponsored by Fortress Investment Group.

Mergers & Acquisitions

• Represented Ares Management on a definitive merger agreement with Whitestone REIT in which Ares Real Estate Funds will acquire all outstanding Whitestone common shares and operating partnership units for $19 per share or unit in an all-cash transaction valued at approximately $1.7 billion.
• Represented Clayton, Dubilier & Rice-backed Veritiv Corporation in its AUD 1.775 billion acquisition of Orora Packaging Solutions from Orora (ASX: ORA).
• Represented McCarthy Capital in its investment in Omaha Steaks, a distributor of beef and other gourmet foods.

Joint Ventures

• Represented GIC alongside CPPIB and Equinix to coinvest in a $15 billion digital infrastructure platform.