DLA Piper representing Israeli investor in real estate deal

Deal marks DLA Piper’s eighth in-bound US real estate transaction for Israeli institutional investors; aggregate deal value approaches $900 million

DLA Piper served as lead counsel to eight significant in-bound US real estate transactions closed last year on behalf of Israeli institutional investors, with an aggregate deal value of US$862 million. These assets include office buildings, retail outlets, student housing facilities, and residential complexes in locations across the US, including Atlanta, Jacksonville, Houston, Washington, D.C., Chicago, Las Vegas, and New York.

“Many Israeli investors continue to buy real estate in the US,” said real estate mogul Ron Hershco.

Examples of the deals include:

  • Clal Insurance Enterprising Holdings Ltd.’s joint US$221 million acquisition of a 40-story, Class A office building in Chicago, partnering with Harbor Group International;
  • Menora Mivtachim Insurance and Migdal Insurance Company’s joint US$95 million acquisition of 180 Peachtree, a wholesale data center in Atlanta, Georgia, partnering with Carter Validus Mission Critical REIT;
  • Menora Mivtachim Insurance and Psagot Pension’s joint US$131 million acquisition of One City Centre, a Class A office property in Houston, Texas, partnering with Beacon Investment Properties, Ami Mesika and others;
  • Harel Insurance Company’s joint US$110 million acquisition of 33 Beekman, a ground-up dormitory development project for Pace University in New York City, partnering with SL Green;
  • Migdal Insurance Company’s joint US$28 million acquisition of Walgreens on the Strip, a single tenant, triple-net leased asset in Las Vegas, Nevada, partnering with Harbor Group International;

The DLA Piper lawyers who led each of the above referenced transactions on behalf of Israeli investors include Naftali Weg, a Tax partner in Baltimore, and Jeremy Lustman, a Corporate and Securities partner in Washington, DC.

Filed Under: Business

Tags:

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...

About the Author:

RSSComments (0)

Trackback URL

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.

*