Marci P. Schmerler

Marci has significant experience on the development, owner, and investment representation side as well as real estate companies and non-real estate focused businesses, including acquisition, sale, development, and financing transaction experience involving owned and leased real estate for all core properties and special use, including hospitality, senior living, skilled care, student housing, self-storage, and data centers.

Marci has spoken on real estate finance, including conduit lending, CMBS, and other real estate securitization-oriented topics, and on problem loan resolution strategies for lenders and borrowers at real estate, banking, and capital market industry-related seminars, conferences, and other continuing legal education events, including those of the American Bar Association, CRE Finance Council, Information Management Network, CCIM Institute, and Risk Management Association.

Represents special servicers handling CMBS and CLOs loans and foreign bank U.S. property portfolios.

Represents a real estate adviser who acquires and manages real estate assets across property type and life cycles with properties positioned to fulfill economic demands of ethnically diverse urban centers, including refinancing, repositioning, and reflagging a $100 million turnaround hotel project in Orlando, Florida.

Represented a collateral manager in working out several CDO assets including whole loans and multistacked mezzanine debt.

Represented conduit lender as outside general counsel on more than 100 loans in a 12-month period in more than 30 states (and Puerto Rico) secured by core properties, hospitality, and health care facilities.

Represented a private U.S. REIT owned by an Australian public trust in all aspects of its acquiring, financing, and managing of Class A office projects in several major cities.

Represented a major life company and its real estate investment arm in all aspects of its real estate investment business, including the acquisition, disposition, financing, leasing and property management, and management of its general and separate account real estate portfolio.

Acted as the real estate team leader for major wireless communications companies and has had a lead role in organizing and closing several multitranche, multistate transactions for those clients, including the sale, lease, or other transfer of cellular towers in almost every state.

Representative Transactions

Represented major investment bank in the formation of a joint venture multifamily investment fund with institutional investor with an initial capitalization of $200 million to invest in regional joint ventures for leveraged transactions to acquire and/or develop multifamily projects nationwide. Also closed the formation of three regional ventures (East Coast, West Coast/Pacific Northwest, and Southeast) and continued to represent the fund and each of the ventures in the acquisition and leveraging of 10 multifamily project transactions in seven states (two of which were construction transactions, with leveraged values for each transaction ranging between $15 million and $40 million) through portfolio and securitized financing.

Represented publicly traded specialty finance REIT acquisition and participation of whole loan portfolio valued at $118 million (with a junior participation and servicing retained by the loan seller) of 13 loans, multifamily, retail, and industrial in nine states, and structured finance of same through a Canadian trust and subsequent sale in two tranches and unwind of financing.

Represented publicly traded specialty finance REIT acquisition, participation, and later sale of $20 million B-Note secured New York hotel.

Represented publicly traded specialty finance REIT in the initial financing, participation, restructure, and later sale of a $20 million mezzanine loan secured by SPE owner of a New York hotel subject to a securitized senior loan.

Represented specialty finance fund in acquisition and later finance, sale, and restructure of participations in a $30 million loan secured by interests in a retail co-op unit on Fifth Avenue in New York City.

Represented bank in $44 million mixed retail/multifamily construction loan out of the Atlanta region and later syndication and multiple modification of the loan from construction to permanent financing.

Represented major U.S. bank in a four-property $100 million cross-collateralized loan to hospitality REIT secured by four flagged hotels (with three different franchisors) in four states.

Represented REIT in formation of joint venture and $270 million acquisition and financing of office building in Florida with secured financing by syndication of lenders.

Represented REIT in $370 million acquisition of REIT and various subsidiaries with a portfolio of four office buildings in Washington, D.C., and Virginia with assumed financings.

Represented REIT in formation of joint venture, acquisition, and financing of $40 million retail center in Florida and later dissolution and disposition of same.

Represented entrepreneurial investor in acquisition and financing of $40 million office complex in Georgia.

Represented wireless company in formation of joint venture to acquire (and later dispose of) wireless network involving more than 6,000 towers in California and New York.

Represented life company in the loan workout and disposition of $40 million loan secured by office building in Alabama.