Michael’s practice focuses on joint ventures, funds and other partnerships and strategic relationships related to the ownership and operation of commercial real estate. He has extensive experience negotiating and drafting complex joint venture arrangements (including single asset, portfolio and programmatic joint ventures) for all types of commercial real estate, including office, retail, mixed-used, hotel, and multi and single family home projects. He also advises principals and sponsors on the structuring of general partner vehicles and management companies.
Michael represents institutional investors, including private equity funds, hedge funds and real estate investment trusts (REITs), as well as owners, developers and sponsors. He also advises clients on California real property and documentary transfer tax issues.
Prior to joining Mintz, Michael led the tax department at Pircher, Nichols & Meeks, a national real estate law firm, and served on its Executive Committee.
Experience
- Represented a real estate company in the recapitalization of a joint venture that owned a luxury hotel, including the negotiation of a new joint venture agreement with legacy investors and new mortgage financing.
- Represented a private equity fund in a joint venture transaction to recapitalize and redevelop a 30+ acre retail center.
- Represented a real estate company in the formation of a co-sponsor programmatic joint venture to develop and operate single family for-rent communities, and related equity fund raising.
- Represented a family office in the formation of a programmatic joint venture to provide sponsor equity to joint ventures with institutional capital partners.
- Represented a real estate company in the formation of a single asset fund to acquire and redevelop a 620,000 square foot mall property.
- Represented a private equity fund in a series of joint ventures to acquire multi-family projects with multiple operators in California, New Mexico, and Utah.
- Represented a real estate company in a joint venture transaction with a foreign partner to redevelop a 3-parcel project.
viewpoints
Real Estate Joint Ventures: Stress-Testing New Challenges
July 12, 2022 | | By Daniel Guggenheim, Michael Soejoto
Members Daniel Guggenheim and Michael Soejoto co-authored an article published by Law360 covering new challenges for real estate joint venture agreements. The authors explained, "In the face of recent reports assessing the risk of a recession, and related news and trends indicating potential economic headwinds such as inflation, rising interest rates, labor shortages, supply chain constraints, capital markets uncertainty and geopolitical risks, it will be helpful for sponsors and capital partners to understand their protections and exposures under their existing real estate JV agreements".
News & Press
Stress-Testing A Real Estate JV Ahead Of New Challenges
July 12, 2022
Mintz Welcomes 21 Lateral Members in 2020
December 29, 2020
Mintz Deepens Real Estate Practice with Trio in Los Angeles
October 30, 2020
Events & Speaking
Default Provisions in Real Estate Joint Ventures: Bankruptcy, Distressed Property, Removal of Manager
Strafford
Online Event
Structuring Programmatic Real Estate Joint Ventures: Structures, Deal Sharing and Exclusivity, Pooling Variations
Negotiating Key Deal Terms From Sponsor and Equity Investor Perspectives
Online Event
