Acquisitions & Dispositions
We work with parties on both sides of a deal – project sponsors as well as institutional equity and other money partners – to make investments in a diverse range of sectors. We maintain a broad practice representing local, regional, national, and international clients, including investment banks, private equity firms, REITs, developers and project sponsors, senior living and long term care investors and operators, health care investors, hospitality operators, nonprofits, and educational institutions.
Our asset class experience includes:
- A German investment bank in the purchase of the Converse HQ on Boston’s Lovejoy Wharf for $150M.
- American Bar Association in the sale of its historic 175,000-square-foot headquarters at 740 15th Street, NW in Washington, DC
- Quadrangle Development in connection with the $400 million sale of the Grand Hyatt Hotel in downtown, Washington, DC.
- Washington Real Estate Investment Trust in the $350 million sale of its industrial/flex/warehouse portfolio. The portfolio consisted of 56 buildings amounting to 3.1 million-square-feet across the DC Metropolitan Area. This deal was named a Finalist in the Washington Business Journal’s “Best Real Estate Deals of The Year 2011 Awards” in the suburban office sale category.
- For our senior living clients, including Colony NorthStar, South Bay Partners, Ltd., Sunrise Senior Living, Inc., and Horizon Bay Retirement Living, over the past ten years, we have negotiated and consummated some of the largest acquisitions and disposition transactions in the industry, including, on behalf of Horizon Bay Retirement Living, the sale, lease-back, and manage-back of a portfolio of 20 senior living facilities acquired by CNL Retirement Properties, Inc. for a sale price of $562 million.
- Goldman Sachs in connection with its $1.56 billion acquisition and financing of multifamily assets from EQR; single and multistate portfolio acquisitions of multifamily properties totaling over $700 million; and a portfolio sale of four multifamily properties with purchase price proceeds in excess of $100 million.
- The JBG Companies in connection with the sale of the Techworld property located in downtown Washington, DC.