Mr. Mair’s clients include private equity firms, public companies and large institutions, sovereign clients, pension funds, and private real estate development and investment companies. He is experienced in a wide range of transactions, including acquisitions/dispositions, syndicated and other loan financings, joint ventures and co-investments, sale/leasebacks, leasing, recapitalizations, restructurings, fund formation and developments. Mr. Mair also advises acquirers, sellers, joint venture partners, borrowers, lenders, landlords, tenants, developers, sponsors and issuers across numerous industries. He has been recognized by Chambers USA and The Legal 500 U.S., and has been named to Lawdragon’s list of 500 Leading Dealmakers in America.
Mr. Mair’s representations include acting for:
- Silverstein Properties in numerous transactions, including its acquisitions of:
- the US Bank Tower in downtown Los Angeles for $430 million, which involved the creation of a multiparty joint venture and mortgage and mezzanine financing
- the Manhattan headquarters of American Broadcasting Companies, Inc. from the Walt Disney Company for approximately $1.15 billion, which involved the creation of a multilayered joint venture structure and approximately $900 million in mortgage and mezzanine financing
- SIGNA Holdings GmbH in its acquisition of a 50% stake in the Chrysler Building from Abu Dhabi Investment Council and Tishman Speyer
- Industrial Logistics Properties Trust and its manager, The RMR Group Inc., in the:
- up to $4 billion in bridge financing from Citigroup Global Markets Inc., and UBS AG,
Stamford Branch and Brookfield Asset Management Inc. to finance its acquisition of
Monmouth Real Estate Investment Corporation
- $1.2 billion refinancing of a portfolio of 104 properties from a bank group led by Citigroup
Inc. and UBS AG
- Intel Corporation in its agreement with Brookfield Infrastructure Partners L.P. to jointly
invest approximately $30 billion to create a first-of-its-kind Semiconductor Co-Investment
Program that introduces a new funding model to the semiconductor industry
- Cosm, Inc., a media, entertainment and immersive technology company, in connection with the development of its first public venue in Hollywood Park, the retail district located adjacent to SoFi Stadium in Los Angeles
- Formation Capital, LLC in the $870 million acquisition of substantially all of the U.S. business of Extendicare Inc., and the master leasing of all of the acquired real estate to third-party operators
TPG Capital in numerous matters, including in the creation of a joint venture and subsequent $400 million acquisition and financing of a portfolio of facilities from Mission West Properties, and its $280 million acquisition, financing and restructuring of Assisted Living Concepts, Inc.
- Ivanhoe Cambridge, Inc. in the acquisition, for more than $3 billion, of IDI Logistics, LLC, an investor in and developer of logistics real estate, from Brookfield Asset Management Inc., which involved multiple lender negotiations and entry into a joint venture with Oxford Properties. This deal was included among Real Estate Forum’s The Best of 2018
- AustralianSuper, GIC, Hong Kong Monetary Authority and Starwood Capital in numerous real estate and real estate M&A matters
- Queensland Investment Corporation in the $220 million sale of Ridge Hill, a 1.2 million square-foot retail office asset in Yonkers, New York, to Nuveen Real Estate, Taconic Partners and North American Properties
- AIR in its sale to Blackstone, for $408 million, of an 80% interest in a portfolio of multi-family properties
- Healthpeak Properties, Inc. in connection with its:
- $168.5 million acquisition of a portfolio of medical office buildings located in three states
- $358 million disposition of a portfolio of triple-net leased senior housing facilities located in California, Nevada and Washington
- Genesis HealthCare, Inc. in:
its combination with Skilled Healthcare Group Inc.
the $2.4 billion sale-leaseback of its real estate assets with Welltower, Inc. (formerly Health Care REIT)
its $275 million acquisition and financing of Sun Healthcare Group
Holiday Acquisition Holdings in:
its $1 billion sale/leaseback of 52 independent living communities with Newcastle Investment Corp.
its $790 million sale/leaseback of 26 independent living communities with Ventas Inc.
its $491 million sale/leaseback of 25 independent living communities with National Health Investors Inc.
SL Green Realty Corp. in its $900 million first mortgage refinancing of Viacom’s world headquarters at 1515 Broadway office tower in Manhattan
Deutsche Bank AG in its $1.7 billion sale of The Cosmopolitan of Las Vegas, a hotel and casino, to Blackstone Real Estate Partners VII, L.P.
The Shed in its development of a unique, state-of-the-art exhibition, arts, culture and performance venue to be located within the Hudson Yards redevelopment in Manhattan
Empire State Development Corp. and Moynihan Station Development Corp. in its redevelopment of the James A. Farley Post Office in midtown Manhattan
Penn National Gaming in its expansion into Baltimore, Florida, Kansas, Maryland, New York, Ohio, Pennsylvania and Texas, including joint ventures, acquisitions, developments, financings and state tenders/legislative amendments
Andre Balazs Properties, HEI Hotels & Resorts, Fortress/Intrawest and Orient Express Hotels in numerous transactions involving the acquisition, financing and development/redevelopment of various hotels and resorts and the establishment of joint venture vehicles
DigitalBridge, Inc., Apollo Real Estate Finance Corporation, AREFIN Coinvest Corporation and The Praedium Group in the establishment of real estate investment funds
numerous other clients, including Citigroup, Qatar Holdings, Clarion Partners, Morgan Stanley Private Equity, NordLB, T-Mobile USA, MSD Capital, L.P., The Howard Hughes Corporation, Centro Properties Group, Gramercy Capital, Babcock & Brown, KAR Auction Services and Normandy Real Estate Partners in various acquisitions/dispositions, financings, joint ventures, developments, leasing, funds and restructurings
Prior to practicing law in California and New York, Mr. Mair worked on a variety of transactions in Australia, including fund formations, underwritings, debt financings and mergers and acquisitions, where he represented clients such as Lend Lease, Multiplex, National Australia Bank (NAB), MLC Limited, Commonwealth Bank of Australia, Macquarie Bank Limited, WestLB AG, ABN AMRO and Babcock & Brown.