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Deal Estate Pdactice Real estate PRactice r eal estate Practice 1 our global reach 3 excellence across Practice Areas 5 Mergers and Acquisitions 5 Financings 5 Capital Markets 5 Fund Formation and investments 6 Joint ventures 6 restructurings 6 our recent representations across industry segments 6 Hotels 6 offices 9 Commercial and retail 9 residential 10 Homebuilders, Construction and Property developers 10 Fund Formation and investments 11 Attorney Advertising Prior resULts do not gUArAntee A siMiLAr oUtCoMe. R eal estate PRactice From single-asset transactions to the largest and most significant, cross-border deals, simpson thacher & Bartlett LLP’s real estate practice provides comprehensive services to clients across the spectrum of real estate matters. Our ExpEriEncE and ExpErtisE the Firm’s hallmark is our synthesis of pure real estate experience with our mergers and acquisitions, capital markets and restructuring prowess. this “Simpson Thacher is combination affords us a comprehensive view of our clients’ business objectives and an ability to help them to achieve their goals. the breadth and depth of widely reputed as our experience is unparalleled across the areas of practice in which we advise ‘the preeminent firm our clients. for corporate real estate deals . ’” Advising real estate investment trusts (reits) and other real estate companies, C h a m b e r s U s a 2 0 0 9 private equity sponsors, lenders and investment banking firms, we represent participants in virtually all capacities, including as buyers, sellers, lenders or financial advisors. simpson thacher helps clients address evolving business challenges, especially in recent times of economic uncertainty, in jurisdictions across the world. 1 Top Tier Ranking in Real Estate: Mainly Corporate Finance C h a m b e r s U s a 2008 and 2009 De dicatiOn tO cliEnt sErvicE from various practice groups, including M&A, on every engagement and for every client, our objective capital markets, tax, executive compensation and is to provide the highest quality legal services available employee benefits, environmental, intellectual globally. We believe our real estate practice excels and property and investment management, in a offers advantages in a number of ways, including: comprehensive and coordinated manner. • providing clients with excellence across all • Building on our M&a foundations and market practice areas. simpson thacher’s cross-practice knowledge. our clients appreciate our ability to approach and experience in all aspects of highly synthesize pure real estate experience with M&A, complex transactions allows us to meet the full private funds and capital markets strengths. in complement of our clients’ needs. We are able to addition, simpson thacher has long enjoyed a offer a single source for answers on all legal issues premier role as counsel to private equity firms and pertinent to the real estate business. As market their portfolio companies across the entire spectrum conditions change, clients’ needs and objectives also of real estate transactions. shift—a company once seeking to expand through • Offering clients assistance with their objectives, acquisition may now be more focused on asset large and small. simpson thacher recognizes that management, divestitures or financing and the size and complexity of our clients’ real estate restructuring options. our real estate practice is needs can vary enormously. Whether planning a sensitive to the dynamics of clients’ needs, and our complex multi-billion dollar acquisition or breadth and depth of experience serves these varied representing a client in a routine asset disposition, needs. in advising clients, we draw upon experience our attorneys provide pragmatic advice in order to achieve the client’s goals as expeditiously and efficiently as possible—no matter what the size. • Mastering the entire life cycle of an asset. We assist with every phase of an asset’s life cycle from the initial conception, to acquisitions and securing acquisition finance, to the ongoing management of assets, to restructurings and dispositions as applicable. Waldorf Astoria Hotel, new york, new york 2 Our GlObal reach Our practice is international in scope. as our clients’ needs have grown globally, we have expanded our practice to help them meet their evolving business challenges. real estate clients value our global reach because we have the capacity to assist them with their most complex transactions around the globe. Lawyers from all of our offices, many of whom have native language skills and regional and educational backgrounds, work as a fully integrated team to seamlessly complete international and cross-border transactions on behalf of our clients. dedicated real estate teams in new york and London, drawing on support from transactional lawyers internationally, serve as a strong foundation for our work around the globe. With over 850 lawyers operating out of eleven offices worldwide, we offer the experience, excellence and the global presence our clients demand. • Blackstone real estate Partners’ joint venture in which it acquired a 50% interest in the Broadgate estate from the British Land Company PLC • • dune real estate Fund’s • the Blackstone group’s sale of • the Blackstone group’s acquisition of the Hyatt extended stay Hotels, with acquisition of Center Parcs (UK) regency embarcadero Center • hotels in the U.s. and Canada • group PLC • • TDC A/s’ sale-leaseback of 225 commercial properties in denmark • • sale of vitus group, owner of a portfolio of 31,000 apartments throughout germany • • the Blackstone group’s acquisition of Hilton Hotels Corporation, with hotels in 76 countries • • the Blackstone group’s acquisition of equity office Properties trust • • Blackstone real estate • the Carlyle group’s Partners’ joint venture to joint venture with develop real estate in india • Kushner Companies, • initial equity offering of owning 666 Fifth Avenue • Agra empreendimentos imobiliários s.A. • • the Blackstone group’s acquisition of Changshou Commercial Plaza • • Cap Cana, s.A.’s debt restructuring • • the sale of the Aig otemachi Building in tokyo • • initial equity offering of socovesa s.A. • 3 Claridge’s London, United Kingdom trianon Palace, versailles, France Fairmont Le Montreux Palace, Montreux, switzerland “Doing an ‘outstanding job’ for clients, Simpson Thacher & Bartlett is ‘acknowledged as being the best of the best.’” T h e L e G a L 5 0 0 U n I T e d s T a T e s 2 0 0 8 e XcelleNc acrOSS Financings PracTIce areaS Lenders and borrowers alike recognize simpson thacher as the preeminent advisor in connection with a wide Mg Er Ers and acquisitiOns variety of sophisticated credit transactions. our ability our practice combines the deal-making capabilities of the to arrange financing for our real estate clients, particularly Firm’s leading M&A practice with a deep understanding in conjunction with their M&A transactions, allows us to of the business of real estate. simpson thacher is widely provide premium and comprehensive service. We have recognized as a worldwide leader in complex M&A extensive experience with the full array of financings transactions on behalf of both buyers and sellers, and we used in real estate transactions, including mezzanine have maintained an impressive market share of real financing, revolving credit facilities, term loans, equity estate M&A transactions in recent years. bridge loans and debt financing arrangements. We believe that we are the leading firm in the world Clients see our practice as distinct because of our in representing private equity clients. during the past comprehensive knowledge of financial instruments used few years, we have represented the Blackstone group in a range of circumstances and at all levels of the capital in twelve acquisitions of public real estate companies structure, and our appreciation of the commercial having an aggregate value of more than $100 billion, realities our clients face. including the $39 billion buyout of equity office Properties. capital MarkEts our premier capital markets practice covers all facets of Because our real estate practice is among the most financings, including initial public offerings (iPos) and sophisticated and diversified of major U.s. law firms’, we offerings of equity, high yield debt, investment grade are uniquely qualified to advise clients on all aspects of and convertible bonds, as well as derivative and complex distressed real estate matters. We regularly advise instruments. recently, we have done a significant number financial and other institutions, private equity firms and hedge funds on the range of issues that exists in today’s marketplace given the dislocation of the real estate markets as a result of the credit crisis and offer a practical Among the top 3 Law Firms in approach to finding innovative solutions for our clients. New York for Corporate and in addition, we have advised numerous strategic and Private Equity Acquisitions financial bidders on the acquisition of troubled companies and their assets, both through bankruptcy plans of T h e L e G a L 5 0 0 U n I T e d s T a T e s 2 0 0 9 reorganization and section 363 asset sales. 5 Three Simpson Thacher Lawyers Recognized as Top Tier Real Estate Lawyers C h a m b e r s U s a 2 0 0 9 C h a m b e r s G L o b a L 2009 & 2010 of debt offerings and restructurings for our real estate identifying and implementing unique and innovative clients in the hotel and homebuilder industries, among solutions that best meet our clients’ objectives. others. We have a uniquely balanced practice and represent both issuers and underwriters of securities, our practice involves representing both senior lenders controlling shareholders, as well as other market and agents for senior leaders and also companies and participants. this balance provides a competitive debtors in complex Chapter 11 cases, workouts and out- advantage for our clients because our lawyers appreciate of-court restructurings; advising our clients on pre- the commercial and market considerations of all parties packaged and pre-negotiated bankruptcies; representing involved in any capital markets transaction.
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