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Latham & Watkins LLP

Latham & Watkins LLP, Rachel K. Bates, Chicago, USA

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Rachel K. Bates

Tel:
Work 3128766541
Email:
Web:
www.lw.com
Latham & Watkins LLP

Work Department

Rachel Bates is a partner in the Chicago office of Latham & Watkins, where she serves a range of clients in complex real estate transactions, including representing hotel owners and operators in connection with the disposition, acquisition, development, financing, ownership and management of their hotel, resort and gaming properties. She also has experience representing operating companies, REITs, pension funds and other institutional investors in structuring, negotiating and forming joint ventures and other investment vehicles for acquisition (asset and entity level), financing and/or development of all property types.

Position

Partner

Career

https://www.lw.com/people/rachel-bates


United States

Real estate

Within: Real estate

Latham & Watkins LLP provides ‘unparalleled organization, attention to detail and thoroughness’. It is adept at handling M&A, corporate and traditional real estate company transactions, borrower and lender-side finance, private equity and advice on public REITs. Areas of expertise include acquisitions and dispositions, land use, development projects and ground leases, joint ventures, loan enforcement actions and restructurings and workouts. Client sectors include hospitality, healthcare, life sciences, multi-family housing and condominium developments, industrial, office, retail and mixed-use projects. Chicago-based Gary Axelrod recently advised Loews Hotels on a $300m joint venture PPP with Kansas City and several other government entities. Another highlight included representing Walton Street Capital in relation to its acquisition of a class A office building in Chicago as well as a new flagship Apple store for $370m. Robert Buday and Rachel Bates, who are also based in Chicago, co-led in representing Hyatt Hotels on the sale of the Andaz Maui, the Grand Hyatt San Francisco, and the Hyatt Regency Coconut Point Resort and Spa to Host Hotels & Resorts for $1bn. A further highlight included acting for Phillips Edison Grocery Store REIT I on its $2bn merger with Phillips Edison Grocery Store REIT II, a public non-traded REIT; this created a national portfolio of 323 shopping centers with a value of roughly $6.3bn. New York-based Michelle Kelban advised Sumitomo Mitsui Trust Bank as the lender in $300m worth of construction loans for multifamily condominiums in Houston, Orlando and New York City. Michael Haas joined as co-chair of the real estate practice in New York from Jones Day. San-Diego-based James Mann was promoted to partner in January 2018. Los Angeles-based associate Pablo Clarke is also recommended. James Hisiger retired. Other clients include Stepstone Real Estate Partners, Starwood Capital Group, Lineage Logistics and ACORE Capital.

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