David Freylikhman

Experience: Real Estate Acquisitions and Sales: Lead counsel for Skylight Real Estate Partners and its joint venture partner in connection with the $117M acquisition and financing of a 276-unit Class A apartment community in Fort Lee, NJ known as Hudson Lights.; Representation of Skylight Real Estate Partners and its joint venture partner in the structuring, documenting, and closing of the acquisition and the financing of numerous multifamily projects throughout New Jersey, including the $130M purchase of the Riello and the $50M purchase of the Infinity in Edgewater.; Represented the seller in the $1.05 billion sale of a portfolio of multifamily assets throughout New Jersey to a joint venture of Harbor Group International LLC and Cammeby's International Group.; Represented Hard Rock International and its joint venture partner in connection with the acquisition of the Trump Taj Mahal Hotel & Casino in Atlantic City from affiliates of Carl Icahn.; Represented national developer in its purchase and financing of a portfolio of eight rent-regulated multi-family buildings in Flushing and Elmhurst, paying $138.8 million to seller. The portfolio included a total of 608 units and including several investor groups, 1031 and reverse-1031 issues, a TIC purchase structure, a bifurcated loan, and a mezzanine loan.; Represented nationally-recognized asset-manager and investment group in connection with a multi-family portfolio purchase in Hudson County, NJ, accounting for the purchase and sale of more than twelve (12) properties for an aggregate price greater than $100 million, including a first-class apartment complex in Hoboken, New Jersey, which was widely considered among the most significant transactions for the city in 2020.; Represented national real estate management firm in connection with the structuring, negotiation, and closing of the purchase of a high-profile industrial site in Secaucus, NJ. The client serves as a full-service operator and investor with a vertically integrated operating platform that includes capabilities in development, management, and investment.; Represented major New York-based wine and spirits import and wholesale company in connection with the purchase of a 30,000 square foot warehouse in Miami, Florida, as part of company's strategic expansion plan. Representation included real estate, corporate, financing, and zoning advice.; Represented national developer in its sale of a 419-unit multi-family building in Rego Park in a deal that has been described as the largest ever transaction in the central Queens neighborhood and involved numerous complexities including 1031 issues.; Represented national owner/operator in its purchase of a multi-family building structured by purchasing membership interests in a property.; Represented SL Green Realty Corp. in connection with its acquisition and finance of office buildings in New Jersey.; Represented Excelsior Equities in its sale of a portfolio of New Jersey properties in the aggregate price of $57.7MM with attention to issues involving 1031 exchanges and restructuring of the JV. One of the transactions involved the sale of a 45-unit building which was the highest price-per-unit multi-family trade for West New York in 2016.; Handled the $275,000,000 purchase and financing of the New York Marriott East Side.; Represented national developer in the acquisition and construction financing for a project in New York City's Bryant Park.; Secured Finance: Represented national multi-family owner operator, as borrower, in connection with the $117 million restructuring and refinancing of a 360-unit apartment complex in Roseland, New Jersey, involving updated organizational structures, a senior loan through a major international bank and a mezzanine loan through J.P. Morgan Asset Management. The financing transaction is widely considered among the most notable in Essex County for 2019.; Represented national multi-family owner operator in connection with the complex restructuring and refinancing of an 11-building collection of multifamily assets located throughout central Harlem and Upper Manhattan.; Represented Royal Bank of Canada, as lender, in connection with a cross-border loan structure involving New York-based real estate collateral and a letter of credit securing corporate borrower obligations in the Channel Islands.; Represented borrower, a national real estate owner and operator, in connection with the restructuring of a 9-building portfolio with the sale of 2 properties, splitting and assigning portions of the existing financing, and modifying a $143,000,000 facility involving 8 TIC mortgage borrowers, 8 TIC mezz borrowers, with two pools, two loan tranches, a 1031 tax exchange and a reverse 1031.; Represented 7.7 bn global producer of glass and metal products, operating 109 glass and metal manufacturing facilities in 22 countries in connection with New Jersey issues relating to a series of indentures, bonds, and modifications to mortgages and security instruments.; Represented national client as special New Jersey counsel in connection with negotiating a multi-state and multi-property matter involving New Jersey property and security for financing with JP Morgan Chase Bank; added complexities involved client corporate restructuring and issues involving NJ Realty Transfer Fee and Controlling Interest Transfer Tax.; Represented national developer in its purchase and financing of a portfolio of eight rent-regulated buildings in Flushing and Elmhurst, paying $138.8 million to seller. The portfolio included a total of 608 units and including several investor groups, 1031 and reverse-1031 issues, a TIC purchase structure, a bifurcated loan, and a mezzanine loan.; Represented Lehman Brothers in the acquisition and construction financing and refinancing of hotels and resorts in the US and Caribbean, including Turks & Caicos, Ambergris Caye, Kapalua Bay, Hawaii, Telluride, CO, and Rose Island in the Bahamas.; Represented commercial bank in connection with loans and credit facilities ranging from $5 million-$30 million secured by real estate and business assets both in the United States and offshore.; Represented a health care company in a portfolio refinancing involving nine east-coast hospitals and medical facilities.; Hotels, Resorts, Hospitality: Represented Hard Rock International and its joint venture partner in connection with the acquisition of the Trump Taj Mahal Hotel & Casino in Atlantic City from affiliates of Carl Icahn.; Represented a significant foreign investor in connection with structuring the investment vehicle for a joint venture to develop a hotel in Roslyn, Long Island.; Handled the $275,000,000 purchase and financing of the New York Marriott East Side.; Represented Lehman Brothers in the equity structure of joint ventures with luxury hotel brands in connection with the development of hotels and resorts in the US and the Caribbean, including Turks & Caicos, Ambergris Caye, and Rose Island in the Bahamas.; Represented a hotel operator in the equity structure, acquisition and finance of a portfolio of eight hotels in New Jersey and Pennsylvania.; Leasing: Represented a major New York owner/operator, as landlord, in connection with the leasing of space in Brooklyn to a Charter School tenant. The lease involved several complications including approvals for rezoning, significant construction plans, and navigating the condominium regime governing the building.; Represented a major international hotel brand as lead counsel in connection with the negotiation and drafting of its lease for office headquarters in midtown Manhattan.; Represented national fashion houses, apparel brands and retail tenants in connection with the leasing of more than 1 million square feet of space in full price shopping centers, malls and outlet locations in New York and nationally.; Represented an international fashion brand in connection with the sublease and construction of class-A office space in Midtown Manhattan, New York City.; Represented global luxury awards manufacturer Society Awards for its headquarters lease constituting mixed use industrial, office, and retail space in Long Island City, New York.; Represented a national industrial client in connection with the multi-floor lease and construction of 150,000 square feet of class-A office space in Downtown Manhattan, New York City.; Joint Venture and Corporate: Represent Society Awards, an international firm that is responsible for designing and producing the nation's premier awards, including the Golden Globes, the People's Choice Awards, the Emmy and the MTV Video Music Awards. Handle all matters for Society Awards since company's inception, including: corporate structure; formation/governance; real estate (offices in LIC); oversight of IP, and handling disputes and managing litigation counsel.; Represented nationally-recognized asset management group in a joint venture with real estate opportunity fund in connection with the strategic acquisition of more than 5000 units and 16 properties as part of multi-family portfolio in Hudson County, NJ.; Represented Hard Rock International and its joint venture partner in connection with the acquisition of the Trump Taj Mahal Hotel & Casino in Atlantic City from affiliates of Carl Icahn.; Represented a New Jersey-based commercial real estate developer in a co-GP joint venture arrangement with a national developer to structure the purchase of a development site in Morristown, New Jersey. The subject site is a parking lot and commercial building to be redeveloped as a luxury condominium.; Represented a significant foreign investor in connection with structuring the investment vehicle for a joint venture to develop a hotel in Roslyn, Long Island.; Represent Toast Holdings, a rapidly growing Denver-based hemp company on a variety of startup related matters from formation to equity and note financings. Handle all matters for Toast since the company's inception, including: corporate structure; formation/governance; fund raising, oversight of IP, social media arrangements, and managing employment and JV matters.