Mike AlessioShareholder; Member of Board of DirectorsMike Alessio's multistate practice involves a wide variety of commercial real estate transactions, with a focus on the representation of institutional equity investors and developers in multifamily, industrial, office, hotel/resort, mixed-use, and portfolio transactions. He assists clients across the country from the earliest stages of transactions, using his extensive knowledge and experience to provide a hybrid of business and legal solutions.
Mike's broad range of experience includes the acquisition and disposition of investment-grade property, commercial development, office and retail leasing, and a broad range of financing transactions. Mike has extensive experience representing borrowers in connection with Agency financing for multifamily transactions.
A member of our Real Estate Development & Investments Practice since 1995, Mike also serves as a member of our Board of Directors and is a member of our Legal Opinion Committee and our Diversity and Inclusion Committee. He formerly chaired our law school hiring program and Recruiting Committee.
Representative Experience
- Acquisitions and Dispositions: Multi-site and multi-jurisdictional portfolio acquisitions and the related debt and equity structuring on behalf of pension plans, REITs, private equity funds, educational foundations, and other long-term public and private equity investors and funds
- Joint Venture Investments: Represents private equity firms, pension funds, educational foundations, and fund advisors in the structuring, negotiation, and administration of multi-party joint ventures for all stages of the life cycle of a real estate investment
- Debt Acquisition: Represents institutional and entrepreneurial investors in the purchase and restructuring of senior and junior debt facilities, distressed debt, and distressed real estate assets, and the process and strategy of gaining control of distressed real estate
- Development: Represents developers and investors in all stages of the development of retail centers, multifamily projects, industrial facilities, hotel and resort projects, and office build-to-suit and speculative projects
- Finance: Represents a wide variety of institutional lenders, life companies, and banks in connection with debt and equity transactions, permanent and construction financing, mezzanine financing, and preferred equity transactions
- Leasing: Negotiates office, retail and industrial leases and subleases, and retail development ground leases, with significant experience in restaurant leasing representing the tenant's side
ExperienceAcquisitions and Dispositions
- Acquisition of a distressed $145,000,000 senior debt facility secured by a mixed-use portfolio.
- Acquisition of a controlling interest in an FDIC mixed debt portfolio.
- Acquisition of a $98,000,000 office building in Manhattan on behalf of a private equity fund.
- Acquisition of a $105,000,000 office building in Manhattan on behalf of a private equity fund.
- Acquisition and development of a $175,000,000 retail center in Dallas, Texas.
- Acquisition of a $150,000,000 shopping center in Fremont, California, on behalf of a private equity fund.
- Acquisition of over 50 multifamily properties totaling more than $3 billion on behalf of a private equity fund.
- Multistaged acquisition of a $240,000,000 multifamily portfolio with sites in 7 states on behalf of a major pension fund advisor.
- Acquisition and financing of a $200,000,000 multistate retail portfolio on behalf of a national real estate company.
- Acquisition and financing of a 72-site $57,000,000 retail ground lease portfolio on behalf of a national real estate company.
- Acquisition and financing of an $850,000,000 multistate portfolio on behalf of a national real estate company.
- Acquisition of a 9-site hotel portfolio operated under an international franchise flag on behalf of a pension fund.
- Acquisition of a 6-site hotel portfolio operated under four different international franchise flags on behalf of a pension fund.
- Acquisition and redevelopment of a casualty-distressed trophy office tower in downtown Fort Worth, Texas.
- Acquisition of Fountain Place, a 60-story office building in Dallas, Texas, on behalf of a public REIT.
- Acquisition of the Village at Breckenridge ski resort in Breckenridge, Colorado, on behalf of a public hospitality company.
- Acquisition and financing of a $350,000,000 hotel in Dallas, Texas.
- PGA Tour Golf Tournament at two North Texas locations.
- Financing of a $640,000,000 retail portfolio.
- Financing of a $420,000,000 residential portfolio.
Development Transactions
- Recapitalization and redevelopment of a prominent "town square" style mixed-use project in North Texas.
- Ground lease for the development of a $420,000,000 mixed-use property in Dallas, Texas.
- Development and ground lease of a multibillion dollar pediatric hospital campus in Dallas, Texas.
- Development of a $300,000,000 luxury spa resort in Texas.
- Acquisition, development, and construction of a 1.4 million-square-foot office project in Washington, D.C. (in the NOMA District).
- Redevelopment of the Town & Country Mall in Houston, Texas.
- Development of a mixed-use island community in South Texas.
- Development of 10 assisted care facilities in Texas on behalf of a developer.
- Acquisition and development of the corporate campus for a public retail company in North Texas.
- National development work on behalf of an international restaurant company.
- Build-to-suit development of the Texas corporate campus for a public telecommunications and technology company on behalf of a public real estate company.
- Zoning and development of numerous multifamily projects in the central Texas area on behalf of a foreign real estate development company.
- Restructuring of a 440-acre mixed-use Planned Development in Houston, Texas, on behalf of the developer.
- Restructuring of a 480-acre mixed-use Planned Development in Pinellas Park, Florida, on behalf of the developer.
Finance Transactions
- Capital structuring of a multi-state luxury spa portfolio.
- Closed over 250 mortgage loans on behalf of 12 different banks and institutional lenders, including permanent, interim, conduit, construction, mezzanine, and leasehold financing secured by retail, office, multifamily, industrial, and hotel projects in 12 states.
- Acted as local Texas counsel in connection with over 150 multi-state mortgage loan transactions on behalf of 6 different institutional lenders.
- Financing of a $185,000,000 sale-leaseback portfolio with 42 properties.
- Construction financing of a 250,000-square-foot build-to-suit facility for a Fortune Global 50 company and the related acquisition financing of 550,000 square feet of R&D facility space.
Leasing Transactions
- Representation of an international restaurant company in connection with the leasing and development of over 50 restaurant sites under the trade names T.G.I. Friday's, Star Canyon, Fish Bowl, Samba Room, Taqueria Canonita, Timpano, Front Row, Mignon, and other national trade names.
- Structuring and negotiation on behalf of the sublessor of 2 major airport terminal and hangar subleases at Dallas Love Field in connection with a start-up airline.
- Representation of an international food service and hospitality management company in connection with the concession subleases at multiple professional sports venues in the United States.
- Structuring and negotiation of the lease for a major Las Vegas luxury spa destination.
Workout and Restructuring Transactions
- Workout and restructuring of a $190,000,000 credit facility secured by office projects in 4 states on behalf of a syndicate of institutional lenders and international investors.
- Restructuring of a $110,000,000 debt portfolio on behalf of a major pension fund advisor.
- Workout of a $121,000,000 loan secured by a premiere office building in downtown Dallas, Texas.
- Restructuring of a $111,000,000 debt portfolio secured by Texas commercial projects on behalf of an institutional real estate company.
- Representation of a private REIT as the landlord in connection with the restructuring of a 200,000-square-foot office lease in downtown Dallas, Texas.
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