Co-chair of the firm’s Real Estate practice group and a member of the firm’s Executive Committee, Dean Loventhal brings a 360-degree perspective to spearheading and facilitating large commercial real estate transactions.
Having worked for borrowers and lenders, sellers and purchasers, landlords and tenants, Dean takes a holistic and insightful view of the deal. His understanding of the motivations, pressure points, and objectives of all constituencies involved in a transaction, as well as his focus and persistence, have helped his clients seize and capitalize on opportunities in countless deals.
Dean’s practice involves all types of commercial real estate transactions, including acquisitions and dispositions, joint ventures, development projects, sale-leasebacks, loan sales and purchases, and various forms of financings on behalf of borrowers and lenders across all types of real estate. He has significant experience representing owners, developers, and investors in credit tenant lease transactions (CTL), including purchasing, selling, leasing, developing, and financing various net leased properties.
Dean regularly advises real estate syndicators in connection with tax-optimized transactions and has a deep understanding of structures involving Delaware statutory trusts (DSTs).
Dean has closed several purchases, and sales through syndication, of large single-tenant office headquarters, industrial and distribution facilities, retail portfolios, Veterans Administration hospitals and other GSA-leased properties. He complements his substantive legal knowledge and negotiating skills with a personable approach that creates positive dynamics with other parties and leads to more efficient closings in even the most complicated transactions.
Represented a real estate investment and advisory firm specializing in single tenant net lease properties in connection with its $702,000,000 acquisition, financing and leaseback of a multinational utility provider’s campus headquarters.
Represented an office REIT in connection with its $55,000,000 sale of a single tenant office building located in New Jersey to a multinational electronics company to be used as their US-based headquarters.
Represented an office REIT in connection with its $174,500,000 sale of a single tenant office building located in New Jersey.
Represented a global investment manager in connection with its purchase of a defaulted mortgage loan secured by a hotel property in New Jersey and its subsequent acquisition through deed-in-lieu of foreclosure and financing.
Represented a global investment manager in connection with its acquisition, financing and joint venture of a hotel located in North Carolina.
Represented a leading real estate investment and property services firm in connection with its mortgage and mezzanine financing of a retail center located in Philadelphia.
Represented a leading developer, owner and manager of commercial and residential properties in New York City in connection with its financing of a newly constructed condominium building in New York City.
Represented a real estate investment and advisory firm specializing in single tenant net lease properties in connection with its acquisition and financing of a single tenant property leased by a government entity located in Arizona.
Represented the ownership and development team in connection with the acquisition and development of various United States Veterans Affairs and other United States General Services Administration facilities across the country. Recent transactions include facilities located in Florida, North Carolina, Alabama, California, Georgia and Oregon. There are a number of complexities relating to each transaction, such as obtaining and structuring multiple layers of financing, drafting and negotiating unique construction and development agreements, working with the U.S. Government pursuant to a long-term lease, and utilizing creative corporate structuring for optimal tax solutions.
Represented a large life insurance company in connection with the origination of a construction loan to be used for the acquisition and renovation of a hotel in New York City. Our client was involved in the transaction on a co-lender basis, which required unique structuring with respect to the construction process involving each co-lender and the nuances of the New York lien law.
Represented a large institutional lender in connection with the origination of an $84,000,000 acquisition loan secured by separate office building properties in Florida which were cross collateralized. The transaction involved structuring the loan in a way to avoid significant mortgage taxes.
Represented a large institutional lender in connection with the origination of two separate cross-collateralized mortgage loans in the aggregate amount of $77,000,000 secured by the borrower’s ground leasehold interest in adjacent office buildings located in Oklahoma. The transaction also included mezzanine loans in the aggregate amount of $8,000,000, which were also cross-collateralized.
Represented a large institutional lender in connection with two separate pools of mortgage loans (each consisting of 3 loans) in the aggregate amount of $55,000,000, secured by three multifamily properties each located in Michigan, together with a mezzanine loan relating to each pool in the aggregate amount of $9,500,000.