• Michael Svetich advises public and private REITs, real estate funds, developers, lending institutions, and operating companies on a wide range of commercial real estate transactions.  He structures and negotiates equity and debt arrangements, including programmatic and co-GP joint ventures, recapitalizations, senior financings, B notes, mezzanine debt, preferred equity, NAV and other fund facilities, and related co-lender and intercreditor agreements.  His experience extends to space leasing, sale-leasebacks, net leases, ground leases, and master leases.  Michael also guides clients through acquisitions, dispositions, refinancings, restructurings, disputes, workouts, and other situations involving underperforming assets, legacy loan positions, and the enforcement or defense of remedies.

    He has advised on transactions throughout the United States in virtually every asset class, including multifamily, industrial, office, student and affordable housing, retail and shopping centers, data centers, self-storage, hospitality, gaming and entertainment, experiential concepts and mixed use developments.

    Experience

    • Represented a private equity fund in an acquisition of interests in an office portfolio through an exercise of buy-sells in joint ventures.

    • Represented the seller in the sale of 875 Sixth Ave. in midtown Manhattan.

    • Represented a family office in an acquisition and life sciences redevelopment of the Sears parcel at Smith Haven Mall in Lake Grove, New York.

    • Represented a private equity fund in a sale of four Florida hotels to a hospitality company.

    • Represented a real estate company in an acquisition of 685 Third Ave. in midtown Manhattan and a simultaneous sale of the fee interest.

    • Represented a private equity fund in a sale of 133 senior housing communities across the United States.

    • Represented a private REIT in a sale of a self-storage portfolio to a private equity fund.

    • Represented joint venture with respect to acquisition of distribution facility in San Diego, California.

    • Represented co-gp in connection with joint venture with respect to multifamily fill-in development in Miami, Florida.

    • Represented a joint venture between a real estate company specializing in multifamily properties and a privately held real estate investment fund in a joint venture with a global investment fund for a 421-a multifamily development at 26-32 Jackson Ave., Queens.

    • Represented an investment firm in a recapitalization of an existing 50-property, 2.2-million-square-foot industrial portfolio and a related programmatic joint venture.

    • Represented a private REIT in a negotiation of programmatic joint ventures for an acquisition and development of industrial assets in gateway cities across the United States.

    • Represented a real estate investment firm in a joint venture to acquire and redevelop contiguous properties in West Palm Beach.

    • Represented a privately held real estate company in joint ventures with various investors to redevelop Atlanta’s 244 Perimeter Center Parkway into an office, retail and hotel campus.

    • Represented a New York City-based global real estate company in an acquisition and development joint venture for 208 Barton Springs Rd. in Austin.

    • Represented a private REIT in a formation of a joint venture, including a roll-up of a seed portfolio of net leased transportation terminal and logistics properties.

    • Represented a Texas-based company in an acquisition and simultaneous ground leasing of approximately 95 acres of undeveloped land outside of Atlanta to fund a data center development.

    • Represented a public REIT in a fee acquisition of neighboring parcels in Austin and simultaneous ground leases providing a sponsor with the option for future funding in connection with multifamily development.

    • Represented a public REIT in a fee acquisition and simultaneous ground lease providing funding for a ground-up construction of a 421-a multifamily project in Brooklyn.

    • Represented a public REIT in multiple fee acquisition and ground lease transactions with forward funding commitments to facilitate ground-up construction of multifamily and student housing projects in Colorado, Florida, Ohio, Texas and Tennessee.

    • Represented a public REIT in a fee acquisition and ground lease to facilitate an acquisition and renovation of 138 E. 38th St. in the Murray Hill submarket of Manhattan.

    • Represented a Dallas-based real estate development company in various ground lease transactions throughout Texas.

    • Represented senior lender in connection with originating a loan for the conversion of a California multifamily property into residential condominiums, and related intercreditor agreement with the mezzanine lender.

    • Represented a publicly traded REIT and its joint venture subsidiary as the originator of a B note on an office building on 5th Avenue in Manhattan, as part of a capital restructuring that included two A noteholders, mezzanine financing and preferred equity.

    • Represented a programmatic joint venture of a publicly traded REIT, and its newly formed co-gp and joint venture subsidiaries, as the purchasers of a senior co-lender position with respect to a defaulted office building loan.

    • Represented a developer in obtaining preferred equity and construction financing for the redevelopment of a landmarked property in the West Village into an ultra-luxury residential condominium project.

    • Represented a privately held real estate development, investment and management company in a construction loan from Wells Fargo and an EB-5 investment from Can-Am to build a ground-up mixed-use development in Brooklyn.

    • Represented a New York City-based global real estate company in a refinancing of Rosemary Square in West Palm Beach.

    • Represented a joint venture of a multifamily company and a global investment fund in financing from Brookfield for the development of 26-32 Jackson Ave. in Queens.

    • Represented a private equity fund in a restructuring of financing encumbering the La Quinta hotel chain.

    • Represented a New York City-based developer and a real estate investment firm in a redevelopment of a 200,000-square-foot school facility in the Mott Haven section of the Bronx, to be leased to Dream Charter School.

    • Represented a landlord in an initial lease-up of a newly constructed 500,000-square-foot office and manufacturing building located at 25 Kent, Williamsburg, Brooklyn, with anchor tenants Kith and Amazon Music.

    • Represented a New York City-based global real estate company in the leasing of The Shops at Hudson Yards and The Shops at Columbus Circle.

    • Represented a New York City-based investment management firm and a privately held real estate investment firm in a mezzanine foreclosure on multifamily properties located in Brooklyn.

    • Represented a global hospitality company as plaintiff in connection with its flagship Crown Plaza Hotel in Times Square.

    • Represented a real estate investment trust focused on shopping malls and a Chicago-based real estate investment company in the settlement of a breach of fiduciary duty claim under joint venture agreements for various U.S. shopping malls.

    Credentials

    Education

    • J.D. and LL.M., International and Comparative Law, Duke University School of Law, 2011
    • B.A., Economics, Political Science, and Mandarin (minor), University of Georgia, 2006

    Bar Admissions

    • New York, 2011