David L. Nagler
David L. Nagler's real estate practice emphasizes financings, acquisitions and sales, joint ventures, recapitalizations, workouts and development projects.

Bio

Mr. Nagler advises owners, developers, real estate funds, investors, REITs and lenders. His practice encompasses both counseling traditional real estate clients and representing clients in a wide range of real estate-related businesses.

Recent significant transactions include representing:

  • Silverstein Properties in the development and construction financing for the new $930 million Four Seasons New York hotel and private residences at 30 Park Place; the $360 million financing and single-asset securitization of 1177 Avenue of the Americas; the $310 million financing and single-asset securitization of 120 Broadway; and the $470 million credit-supported financing of the Silver Towers residential development;
  • Chartwell Retirement Residences in the $849 million sale of its U.S. senior housing business and more than $500 million of senior housing portfolio sales;
  • MSD Capital in the $525 million financing of the Four Seasons Maui and the joint venture recapitalization and $225 million financing of the Four Seasons Hualalai resort;
  • Deutsche Bank AG in connection with the $1.73 billion sale of The Cosmopolitan of Las Vegas hotel and casino; SL Green in the $900 million financing and single-asset securitization of 1515 Broadway;
  • Normandy Real Estate Partners in connection with the joint venture recapitalization and financing of a $145 million office portfolio; and
  • Sentinel Data Centers in a $180 million financing and in the net lease and financing of a data center for a financial services company.

Significant representations in prior years include:

  • Silverstein Properties in the $1 billion joint venture acquisition of 1177 Avenue of the Americas; in the acquisition, joint venture and construction financing for the new $360 million Four Seasons Orlando at Walt Disney World Resort; and in the $230 million financing of the River Place I residential development;
  • Normandy Real Estate Partners in connection with the joint venture acquisition, financing and subsequent disposition of 1370 Avenue of the Americas;
  • Normandy Real Estate Partners in connection with the acquisition, financing and subsequent recapitalization of a portfolio of properties acquired in connection with the Glenborough REIT going-private transaction;
  • Chartwell Retirement Residences in over $1.2 billion of acquisitions and financings of senior housing properties;
  • Sentinel Data Centers in the disposition to a public REIT of a $375 million portfolio of data centers and a private equity joint venture;
  • Dune Real Estate Partners in the recapitalization of the Trump Waikiki resort;
  • Hotel Carlyle Management Corporation in the sale of the Hotel Carlyle;
  • Campus Living Villages in the $200 million acquisition and financing of the Century student housing portfolio;
  • SL Green, as servicer, in connection with the UCC foreclosure sale of the equity in the John Hancock Tower in Boston and 10 Universal City Plaza in Los Angeles;
  • Deutsche Bank AG in connection with foreclosing and developing The Cosmopolitan of Las Vegas resort;
  • Global Signal in its $1.2 billion master lease of a portfolio of 6,000 cellular towers from Sprint and the negotiation of management agreements with Four Seasons; and
  • Carnegie Hall Corporation in a variety of real estate and construction-related matters.

Mr. Nagler repeatedly has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business in the New York real estate finance category and The Best Lawyers in America.

Credentials

Education

  • J.D., The University of Chicago School of Law, 1992
  • B.A., Wesleyan University, 1989

Admissions

  • New York

David L. Nagler