At 2020’s halfway point, we’re happy to bring you some good news and updates related to our attorneys who have been working diligently to provide quick and efficient responses to our clients’ needs during this challenging time. We have always believed our people are our greatest asset, and we’re continuing to invest in our team members so that they can continue to serve our clients with innovative and effective solutions for some of the nation’s most complex real estate transactions.
 
This quarter, we’re also pleased to bring back our “Deal Spotlights” section and encourage you to take a look at some of the diverse transactions our attorneys have been involved in over the last six months. We look forward to continuing to support our clients in this sophisticated work in the weeks and months ahead.
FIRM UPDATES
DEAL SPOTLIGHTS
In the midst of market uncertainty, Pircher’s national real estate practice has continued to work on a wide variety of real estate transactions throughout the country. In the first six months of 2020, the firm’s attorneys have provided counsel and support to clients to close an array of acquisition, sale, financing and joint venture transactions of varying sizes, types and asset classes.

In recent months, Pircher has notably represented:
A private equity fund manager in the formation of an investment fund, joint venture and REIT to acquire a $330 million student housing portfolio in the Northeast, with the assumption of agency financing.
A foreign pension fund, advised by a private equity fund manager client of Pircher, in the $160 million acquisition of a 260,000-square-foot office building in the Southeast from its original developer as an investment in core real estate, with acquisition financing from a life insurance company.
A foreign private equity fund manager in connection with the formation of an investment fund and programmatic joint venture to acquire $200 million of secondary and tertiary multifamily projects in Texas and Florida, with contribution of and agency financing for legacy assets.
The buyer/borrower in connection with the acquisition and financing of a 480-bed student housing complex in Athens, Georgia.
A private equity fund manager’s $120 million acquisition of a 300,000-square-foot office building in Southern California from the owner-user. The property was acquired as a repositioning opportunity with mortgage and mezzanine bridge financing from a debt fund, and the deal included the leaseback of half of the space to the seller.
The sale of an approximately 150,000-square-foot commercial office building in Tempe, Arizona by a private equity fund.
PIRCHER HAPPENINGS
The Pircher team was thankful for the opportunity to connect with its industry friends throughout the second quarter, even if virtually. The team joined Commercial Observer for its 2nd Annual Spring Financing CRE Forum Los Angeles online in June and was pleased to participate in Urban Land Institute's 2020 ULI Spring Meeting via a new digital format.

In addition, Pircher partners Ariel Robinson and Bill Ticknor gave a presentation for American Law Institute’s Continuing Legal Education program in June entitled, “ Commercial Real Estate Purchase and Sale Agreements: Overlooked Issues, including COVID-19 Complications and Other Crisis Planning Considerations .”
Upcoming Events
2020 Western States CREF

Listen to insights from industry experts on forecasts, best practices and what to expect in the near future for the nation’s commercial real estate finance industry at California MBA’s annual conference for the Western region. 

Sept. 9-10, 2020
Online - Digital Experience

CREFC Digital: CRE’s Path Forward

This event will tackle some of the most pressing issues facing the commercial real estate finance industry today. Speakers will explore the best solutions for bolstering the industry now as well as preparing it for the future.

Sept. 17, 2020
Online - Digital Experience