Amy H. Wells

Structured and negotiated an infrastructure joint venture with an initial State public pension fund commitment of $300 million and the opportunity to expand that commitment, with a purpose of creating value through making direct investments into both domestic and international infrastructure assets and companies, with an initial proposed investment in a French telecom business, and follow on work reviewing requirements related to those investments, including providing “equity commitment letters” and other structuring devises in connection with the transactions.

Structured and negotiated the investment by a State public pension fund’s $400 million investment in a joint venture with a Japanese based partner, focused on value-add strategies office, multifamily, retail and industrial property types in Japan, including negotiating subscription financing arrangements with an overseas lender.

Structured and negotiated a State public pension fund’s $600 million CAD investment in a programmatic industrial joint venture in Canada, focusing on both core and opportunistic industrial opportunities as well as speculative construction and build to suit opportunities in the greater Toranto area. This transaction included engaging and coordinating with Canadian counsel regarding various tax and structuring aspects of the transaction.

Negotiating and documented a State public pension fund’s $600 million investment with a vertically integrated operating company investing primarily in office product across the United States, including negotiating asset, property and construction management and leasing agreements.

Handled the increase by $300 million of capital allocated to an office property focused joint venture between a State public pension fund and its US partner investing across the United States, and the concurrent transfer of certain pre-exiting assets from another State joint venture into the new relationship.

Negotiated a City pension fund investment in in a proposed “green” investment structure focusing on the acquisition, development, renovation, redevelopment, and financing of real estate projects located in five boroughs of New York, which investments have a commitment to sustainability by incorporation of transit-oriented development along regional commuter lines, and focus on workforce housing and commercial developments.

Negotiated and documented a State pension fund’s $300 million investment in a new programmatic joint venture with a strategy to entitle and develop mixed-use real estate projects in in-fill locations in the San Francisco Bay Area of California.

Structured and negotiated the Real Estate Strategic Plan for a large California pension fund, including negotiating the relationships between the fund and partners in the core investment areas of industrial, retail, multi-family, and office.

Negotiated separate account advisory agreements for multiple public pension funds as well as an endowment fund with its third party advisors who will manage portions of the fund's investment portfolio. Often engaged to update advisory agreements for public funds, as their prior contracts expire or they engage new advisors.

Represented an institutional investor's interests in the unwinding of a joint venture, resulting in the division of more than 60 properties valued in excess of $1 billion dollars, the formation of three joint ventures and the concurrent acquisition of 32 industrial properties in California, valued at $558 million dollars, together with the assumption of two loans totaling more than $170 million dollars, the release and reconveyance of other debt, environmental, title, survey and contract review, and modification of the advisory agreement with the pension fund's advisor to address the new properties.

Represented an institutional investor in its $500 million investment, and concurrent $900,000 co-investment, in a large, open ended commingled fund investing in domestic and international infrastructure investments, including airports, ports, renewable power, and energy facilities.

Represented institutional investors in its $175 million investment in a multi-billion dollar an open-ended real estate co-investment vehicle investing in equity real estate investments in the United States.

Represented three U.S. institutional investors in connection with conversion of their investments in two commingled funds that owned approximately 150 assets located in Mexico by converting into a Mexican REIT, and handling their shares in the resulting $600 million dollar public offering.

Represented an institutional investor in the formation and maintenance of a separate investment vehicle capitalized with $500 million, and its subsequent investments in an emerging markets investment program in residential, office, retail, and industrial real estate investments in diverse locations such as China, Brazil, Colombia, Mexico, Perú, and Uruguay, which included the review and negotiation of the partnership agreement, side letter, subscription agreement, and documentation provided to lenders to the fund.

Represented an institutional investor's interests in the unwinding of a joint venture, resulting in the division of more than 60 properties valued in excess of $1 billion dollars, the formation of three joint ventures and the concurrent acquisition of 32 industrial properties in California, valued at $558 million dollars, together with the assumption of two loans totaling more than $170 million dollars, the release and reconveyance of other debt, environmental, title, survey and contract review, and modification of the advisory agreement with the pension fund's advisor to address the new properties.

Consolidated a large institutional investor's entire core multi-family apartment portfolio under a single partner, documenting a $205 million commitment to the venture. The new venture included 57 apartment communities with 14,674 units in 13 states with a net asset value of approximately $1.8 billion.

Implemented the Real Estate Strategic Plan for a large California pension fund, including negotiating the relationships between the fund and partners in the core investment areas of industrial, retail, multi-family, and office.

Represented all of the institutional limited partners in two co-mingled funds with assets in Mexico in the conversion of their interests in the funds by a roll up of the assets and the contribution of those assets to one of the earliest REITs formed in Mexico.

Represented a public pension fund in connection with the issuance of a new fund series in an existing private equity company that invests in or alongside domestic and international private equity funds pursuing a variety of investment strategies.

Coordinated all title and survey due diligence and a two stage closing of the acquisition of over 70 industrial properties in 16 states.

Represented an institutional investor in its $500 million investment, and concurrent $900,000 co-investment, in a large, open ended commingled fund investing in domestic and international infrastructure investments, including airports, ports, renewable power, and energy facilities.

Restructured an institutional investor's ownership and advancing a new $135 million commitment to a joint venture acquiring infill-located grocery- and drug store-anchored shopping centers nationwide. The assets were valued at $723.3 million. The venture owns 17 California shopping centers.

Represented a public pension fund in its $175 million investment in the multi-billion dollar PRISA a commingled separate account sponsored by The Prudential Insurance Company of America.

Represented institutional investors in its $175 million investment in a multi-billion dollar an open ended real estate co-investment vehicle investing in equity real estate investments in the United States.

Represented three U.S. institutional investors in connection with conversion of their investments in two commingled funds that owned approximately 150 assets located in Mexico by converting into a Mexican REIT, and handling their shares in the resulting $600 million dollar public offering.

Negotiated separate account advisory agreements for multiple state public pension funds as well as an endowment fund with its third party advisors who will manage portions of the fund's investment portfolio. Often engaged to update advisory agreements for public funds, as their prior contracts expire or they engage new advisors.