News
THUNDER FROM DOWN UNDER
September 8, 2011
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| Mayer Brown's Dave Malinger, an attorney who's worked on some big REIT M&As (think ProLogis/AMB merger), has gone global again. Dave repped Australian Charter Hall Office REIT in the disposition of $1.71B in assets (a 14-building portfolio) in the US last month. Australian REITs can be challenging, he says, because they aren't managed by REIT employees but by outside management companies. In Charter Hall's case, a group of hedge funds that had invested in the REIT were also trying to change management when the portfolio was bought by US firm Beacon Capital. So it was moot. |
