Tzvi Rokeach

Advised VICI Properties Inc. in its acquisition of an interest in the land and buildings associated with Rocky Gap Casino Resort located in Flintstone, MD, from Golden Entertainment, Inc. for an aggregate purchase price of approximately $203.9 million. Simultaneous with the closing of the transaction, Rocky Gap Casino was added to VICI’s existing triple-net master lease with Century Casinos, Inc.

Represented VICI Properties Inc. in connection with the acquisition of the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. for approximately C$271.9 million (US$200.8 million), and the simultaneous leaseback to subsidiaries of PURE Canadian Gaming Corp.

Represented VICI Properties Inc. in a triple-net lease agreement with Hard Rock with respect to the real property associated with the Mirage, in connection with Hard Rock International’s acquisition of the operations of the Mirage Hotel & Casino.

Represented VICI Properties Inc., an NYSE-listed REIT, in its acquisition of the real estate assets associated with Fitz Casino & Hotel and WaterView Casino & Hotel for approximately $293.4 million, and the simultaneous leaseback to subsidiaries of Foundation Gaming and Entertainment, LLC.

Represented VICI Properties Inc. (VICI), a NYSE-listed REIT, in its $17.2 billion strategic acquisition of MGM Growth Properties LLC.

Representing VICI Properties Inc. in its acquisition of the Venetian Resort’s real estate in Las Vegas from Las Vegas Sands Corp. for $4 billion and lease to an affiliate of Apollo Global Management Inc.

Represented VICI Properties Inc. in its $745 million acquisition (and leaseback to Caesars) of the Octavius Tower at Caesars Palace Las Vegas and gaming facilities in Chester, Pennsylvania, and the contemporaneous modification of VICI’s master leases with Caesars.

Represented VICI Properties Inc. in connection with its acquisition of the real estate assets of JACK Cincinnati Casino, located in downtown Cincinnati, for approximately $558 million in cash, and lease to Hard Rock International.

Represented VICI Properties Inc., together with Century Casinos Inc., in its agreement with Eldorado Resorts Inc. to acquire Isle Casino Cape Girardeau in Cape Girardeau, Missouri; Lady Luck Casino Caruthersville in Caruthersville, Missouri; and Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia, for an aggregate purchase price of approximately $385 million, and VICI’s entry at the closing into a triple-net master lease agreement with Century Casinos related to the assets.

Represented VICI Properties Inc. in its entry into definitive agreements with Eldorado Resorts Inc. in connection with Eldorado’s $17.3 billion merger with Caesars Entertainment Corp., whereby, among other things, VICI (i) acquired from (and leased back to) the merged company the land and real estate assets associated with the gaming-entertainment resort facilities known as Harrah’s New Orleans, Harrah’s Laughlin and Harrah’s Atlantic City, and (ii) modified VICI’s master lease agreements with the merged company.

Represented VICI Properties Inc. in connection with the acquisition of the land and real estate assets associated with the JACK Cleveland Casino and the JACK Thistledown Racino for approximately $843.3 million and the leaseback to JACK Entertainment.

Represented VICI Properties Inc. in connection with the acquisition of the land and real estate assets associated with the Greektown Casino-Hotel located in downtown Detroit and lease to Penn National Gaming Inc.

Represented VICI Properties Inc. in connection with the acquisition of the land and real estate assets of Margaritaville Resort Casino located in Bossier City, Louisiana, for approximately $261 million cash, and lease to Penn National Gaming Inc.

Represented VICI Properties Inc. in connection with its $1.14 billion acquisition of the iconic Harrah’s Las Vegas from, and leaseback to, Caesars.

Represented the landlord in granting an option for a long-term ground lease of industrial property to be redeveloped into a shopping center by the tenant, a major northeastern U.S. shopping center developer and operator.

Represented the landlord in connection with a long-term ground lease of a Lower Manhattan site and its subjection to a leasehold condominium regime and redevelopment into university housing as part of a tax-exempted leasehold ownership condominium (TELOC) structure.

Represented the landlord in connection with a 99-year ground lease of an Upper West Side site and its redevelopment into a luxury residential leasehold cooperative building with on-site parking.

Represented an ad hoc group of bondholders holding in excess of $3.5 billion of first priority senior secured bonds issued by Caesars Entertainment Operating Company (CEOC) in the real estate aspects of CEOC’s Chapter 11 restructuring.

Represented the borrower in connection with the $2.2 billion CMBS mortgage and mezzanine financing of Caesars Palace Las Vegas.

Represented VICI Properties Inc. in the repurchase of a $400 million mezzanine debt portion of the Caesars Las Vegas CMBS debt.

Represented JEMB Realty in securing a $250 million mortgage and mezzanine refinancing of 75 Broad St., a 34-story, 650,000-square-foot office building in Manhattan’s Financial District.

Represented the borrower in a $50 million refinancing of an Atlantic City-based casino-hotel-entertainment resort.

Represented Gamma Real Estate in extending bridge financing to the developer of an East Side assemblage, and thereafter in connection with foreclosure and other matters.

Represented a private equity fund in connection with the formation of various mortgage lending and servicing joint venture platforms.

Represented various lenders, including major national banks and private equity funds, in multiple complex mortgage loan originations, including construction financings and, as applicable, related syndication/intercreditor arrangements, ongoing loan administration matters, etc.

Represented a group of affiliated borrowers in a complex $260 million leasehold mortgage and mezzanine refinancing of an Upper East Side mixed-use hotel/restaurant/cooperative-apartment property.

Represented an affiliated group of borrowers in connection with the workout/restructuring of in excess of $770 million of mortgage debt secured by interests in various hotel properties and residential condominium projects.

Represented the borrowers in restructuring in excess of $289 million of mortgage and mezzanine hotel construction financing and recapitalization of the project through the infusion of preferred equity financing.

Represented two affiliated borrowers in the $170 million long-term refinancing of an Upper East Side, Madison Avenue-corridor retail store and office complex comprising two buildings, one of which is net leased to a luxury clothing retailer for its flagship New York-area store.

Represented a foreclosing lender in a settlement agreement leading to the successful uncontested foreclosure and subsequent sale of a development site in Williamsburg, Brooklyn.

Represented numerous borrowers in the real estate aspects of various corporate and project financings across a broad range of sectors, including financings secured by interests in offshore energy reserves, theater and entertainment facilities, a chain of fitness centers, newsprint manufacturing plants, pharmaceutical manufacturing facilities, and paper manufacturing and recycling facilities.

Represented the borrower in the $101 million refinancing of a lower Manhattan rental apartment complex.

Represented the special servicer in settling foreclosure proceedings for a $47.5 million blanket mortgage loan covering warehouse and office facilities located in Brooklyn and Queens, New York, and the borrower’s related sale of the underlying collateral pursuant to a series of lender-supervised sales, resulting in significant recovery for the lender.

Represented a real estate private equity fund in providing a $25 million predevelopment bridge financing and subsequently in providing a $53.5 million construction financing for the renovation of a Miami hotel and associated unsold residential condominium units, negotiating subordination agreements with, among others, the third-party hotel management company and the separate restaurant/food and beverage operator, and obtaining an option to acquire equity in the project venture.

Represented a real estate private equity fund providing $235 million of secondary financing to fund construction of a super-tall luxury residential condominium building adjacent to New York City’s Central Park, and in connection with related negotiation of intercreditor and recognition arrangements with the senior construction lender and other constituents in the development.

Represented a real estate private equity fund in connection with its participation in a $174 million Sharia-compliant construction mortgage loan for a Downtown Manhattan mixed-use condominium project and related co-lender and intercreditor arrangements.

In the aftermath of the Great Recession, represented several different lenders in various workout and restructuring arrangements with respect to an assortment of diverse mortgage loans.

Represented the borrower in the $62.8 million mortgage and mezzanine financing of the acquisition of a hotel development site adjacent to New York City’s High Line and related development rights.

Represented Onex Real Estate Partners in negotiating a development agreement with Blackstone in connection with Onex’s development of Sky View Parc, a massive retail and residential complex that has anchored the renaissance of downtown Flushing, New York. The representation also covered certain aspects of the $400 million-plus sale to Blackstone of significant portions of the project’s retail space and of the adjoining garage facility, as well as matters relating to the construction financing for the second trio of luxury condominium towers above the western roof of the retail center. The project consisted of an approximately 700,000-square-foot retail center comprising a pair of three-story retail buildings flanking a multilevel parking garage, all in a fee parcel below a plane, and the phased creation of a self-contained residential community including six residential buildings, outdoor recreation areas and an extensive shared amenity facility in the air parcel above the retail center. The development agreement governs the relationship among the retail and garage mall owners, the developer of the new residential construction above the retail center, and other mall constituents.

Represented Starwood in the $275 million sale of a Midtown Manhattan hotel and the related sale of several other resort properties.

Represented Lerner Properties LLC in the sale to wholly owned subsidiaries of Urstadt Biddle Properties Inc. of 50% tenancy-in-common interests in two adjacent shopping center properties in Suffolk County, Long Island, as well as the related tenancy-in-common agreements.

Represented the developer in the purchase of a Brooklyn development site for construction of a rental apartment complex and the joint venture arrangements with equity investors, and represented the underlying joint venture in related acquisition, construction and preferred equity financings.

Represented the acquirer in the $91 million purchase of a boutique hotel located in Brooklyn and related acquisition financing.

Represented the seller in the bulk sale of 122 New York-area cooperative apartments.

Represented a casino developer in negotiating a gaming facility management agreement for a proposed tri-state area casino to be managed by a national casino operator.