Rhys W. Hefta

Financing

• Ongoing representation of a Seattle-based developer and manager in the construction and permanent financing for multi-family, senior housing, office and hotel projects totaling over $1 billion to date, including 1600+ multi-family units.
• Represented two major life insurance companies as co-lenders in the $600 million financing of an office building in San Francisco, CA.
• Advised a life insurance company in the $400 million financing of a trophy office building in Seattle, WA.
• Represented institutional lenders in Sharia-compliant financings, including a $130 million financing of an office building in downtown Seattle, WA and an $87 million financing of a credit-tenant office building in Houston, TX.
• Represented a major life insurance company in the $350 million financing of a major regional shopping center in Bellevue, WA, and subsequent loan modifications.
• Represented a life insurance company in the $100 million financing of a 5-star luxury hotel in Newport Beach, CA.
• Advised a life insurance company in the $93 million construction to permanent financing of a 350+ unit apartment project in downtown Seattle, and represented the same life insurance company in the subsequent sale of the project and assumption of the loan.
• Represented a registered investment manager in the obtaining lines of credit secured by portfolios of mortgage loans and REO properties owned by its managed funds.
• Represented a non-profit corporation in a note offering secured by a pledge of the equity interest in its headquarters building.
• Advised a life insurance company in the $35 million financing of a newly-constructed multi-family project in the Boston, MA area.
• Represented a life insurance company in the $46.5 million constructions financing of a multi-family project in Charlotte, NC.
• Represented the lender in the project financing of a battery energy storage facility in Ontario, Canada.

Acquisition/Disposition

• Represented an international investment fund manager in the acquisition and financing of a trophy Chicago Loop office tower.
• Ongoing representation of a multi-family value-add investment and management company in the purchase and financing of 11 apartment complexes in the Dallas, TX area totaling over $150 million, and related joint venture transactions.
• Represented a Seattle multi-family developer in the $28 million sale of a newly-constructed apartment building in Seattle, WA.
• Advised a non-profit corporation in the $30 million sale of its headquarters building in the University District of Seattle, WA.
• Represented a public entity in the sale of a development property for transit-oriented multi-family development in Tacoma, WA, together with related development agreements and restrictive covenants.

Distressed Real Estate

• Represented a lender in a deed-in-lieu of foreclosure transaction for a portfolio of 26 properties located in three states.
• Represented a distressed debt and equity investment fund in the acquisition and restructuring of numerous real estate loans, as well as the acquisition and financing of distressed assets.
• Represented a special loan servicer in a deed-in-lieu of foreclosure transaction for a shopping center in Los Angeles, CA.

Leasing

• Represented a Seattle-based consulting company in various matters relating to the lease for its Seattle headquarters, as well as leases and subleases for offices in 20 other major U.S. markets.
• Represented a special loan servicer in numerous commercial leases across the United States for its portfolio of REO properties.
• Represented a number of Seattle-area start-up ventures in leases of office space, including the Bellevue, WA headquarters sublease for a fast-growing wellness technology start-up.

Joint Ventures

• Represented a Seattle-based developer in the negotiation of joint venture agreements for the development of multi-family and senior housing projects in a suburban downtown redevelopment area.
• Represented an assisted living developer in a joint venture for the development of a senior housing facility in Anthem, AZ.
• Represented a developer in a joint venture for the development of a senior housing facility in Auburn, WA.

Senior Housing

• Ongoing representation of a Seattle-based senior housing owner and operator in the construction and permanent financing of senior housing facilities, including 16 facilities in 7 states.
• Represented a Chinese institutional investor in connection with real estate diligence and operating lease negotiations for a $900+ million investment in a joint venture acquiring a portfolio of 39 skilled nursing and assisted living facilities located in 11 states.

Miscellaneous

• Advise clients with respect to real estate aspects of M&A and financing transactions, as well as sale-leasebacks and other corporate transactions.
• Represented a municipality in connection with complex purchase in lieu of condemnation transactions.
• Advise high net worth individuals in various matters relating to private residential properties, including purchases, sales, financing, leasing, development, condominium and home owners association issues.