Pension Funds

Cox Castle’s pension fund practice has decades of experience and a proven track record of representing state, city, county, and international governmental pension funds, as well as private pension funds, in their domestic and international investment activities. Our attorneys have advised on a broad range of investment activities, including a vast array of real estate, private equity, and infrastructure investment activities undertaken by such investors. Our experience spans a variety of investment structures (including general and limited partnerships), joint ventures, commingled investment funds, REITs, funds of funds, and funds-of-one, making a wide range of investments such as domestic and international real estate private equity, infrastructure, tangible asset, finance, securitization, and renewable energy investments.

• Represented an Arizona pension fund as a founding partner in three different commingled fund investments of $50 million each focused on acquisition and development of apartment communities throughout the United States.
• Represented a California pension fund in the negotiation of the documentation of a 3-investor joint venture for the acquisition and development of multi-phase life science project in the San Francisco Bay Area with an expected development budget of over $1 Billion. The venture was structured as a REIT to accommodate the other investor’s status as a sovereign wealth fund.
• Represented a large California pension fund in the disposition of a portfolio of 14 student housing properties in 7 different locations in the Eastern United States for a combined sale price of $339 million.

• Represented a public pension fund in connection with an approximately $50 million structured loan that was split into senior and mezzanine loan tranches.  The proceeds of both loans were deployed to finance the construction of a mixed-use residential and retail project.  Representation included preparation of operative senior and mezzanine loan documents, due diligence, negotiation of various third party agreements and representation of the originating lender in connection with the sale of the senior construction loan in the secondary markets.  As part of the latter, the representation included negotiation and documentation of the relevant loan sale documents as well as representation of the originating lender, as mezzanine lender, with respect to the intercreditor agreement.