Michael Shultz

Represented Oak Street in $15 billion acquisition together with GIC of STORE Capital Corporation (NYSE: STOR).

Represented Oak Street in acquisition and ground lease to Bally’s Corporation of the Chicago Tribune’s Freedom Center printing plant located in Chicago, where Bally’s plans to construct and operate a flagship casino, hotel and entertainment complex.

Represented KKR and Consortium in $15 billion acquisition of CyrusOne Inc. (NASDAQ: CONE), including two committed, secured real estate financings totaling $9 billion.

Represented KKR in numerous acquisitions of self-storage properties, totaling more than $500 million in the aggregate.

Represented Buyer in $1.1 billion sale-leaseback with retailer, and CMBS financing, of portfolio of 74 supermarket and shopping center properties located in California and Nevada.

Represented Buyer in $355 million sale-leaseback with restaurant chain for 126 restaurant properties located in 27 states.

Represented Buyer in $725 million sale-leaseback with retailer for distribution centers.

Represented Buyer in $267 million sale-leaseback with retailer for its corporate headquarters, a distribution center and 13 retail properties.

Represented LaSalle Investment Management in $154 million acquisition of multi-family residential development located in Florida.

Represented LaSalle Investment Management in $90+ million acquisition of medical office property, including $45 million loan assumption.

Represented seller in $1.3 billion sale of 100 retail, office and industrial assets located in 20 states.

Represented QuadReal Property Group Limited Partnership in a $400 million equity commitment to a programmatic joint venture with Mill Creek Residential Trust LLC to develop multi-family projects in select supply-constrained, high barrier-to-entry submarkets in the U.S.

Represented U.S. private equity fund in connection with its $300+ million acquisition and financing of self-storage portfolio.

Represented Funds managed by Oaktree Capital Management, LP in its joint venture with affiliates of Ascendant Capital Partners to invest in Watermark Lodging Trust, Inc.

Represented PIMCO in $500+ million programmatic joint venture to acquire and operate hotel properties.

Represented QuadReal Property Group Limited Partnership in a $380 million equity commitment to a programmatic joint venture to develop manufactured housing projects.

Represented U.S. private equity fund in $140+ million acquisition and financing of two best-in-class hotel properties.

Represented U.S. private equity fund in $110 million acquisition and financing of historic large office campus.

Represented LaSalle Investment Management in a programmatic joint venture with a leading national developer and operator to acquire up to $500 million in single-family rental homes, including the acquisition of a $200+ million seed portfolio.

Represented buyer in $248 million acquisition and financing of office building in Miami, FL.

Represented buyer in $174 million acquisition and financing of portfolio of 27 industrial properties. 

Represented private hotel company in acquisition out of bankruptcy and $635 million first mortgage and mezzanine financing of 24 hotels in 15 states.

Represented borrower in $530 million mortgage financing of 17 office assets in 11 states.

Represented a department store in connection with its strategic alliance agreement with a publicly owned asset management company to pursue development opportunities for approximately 50 real estate assets owned or ground leased by the department store.

Represented leading investment management firm in its $540 million acquisition of the Times Square DoubleTree hotel from Sunstone Hotels Investors Inc. as the first phase of the client’s $2 billion mixed-use redevelopment project. Kirkland will continue to represent the client on the future phases of redevelopment.

Represented Caesars Entertainment Operating Co. Inc. in real estate matters in connection with its Chapter 11 restructuring. CEOC, a majority owned subsidiary of Caesars Entertainment Corporation, provides casino entertainment services and owns, operates or manages 44 gaming and resort properties in 13 states and five countries primarily under the Caesars, Harrah’s and Horseshoe brand names. CEOC and its debtor subsidiaries had more than $18.4 billion in funded debt obligations as of the commencement of its Chapter 11 cases.