Sally E. Michael
Sally Michael has extensive experience representing owners and developers on acquisitions, dispositions, financings, development, and leasing of all classes of commercial property. Sally also represents borrowers and lenders on restructurings and workouts of distressed debt. She is lead counsel on many portfolio transactions and multi-state matters. In addition, she has significant experience in recapitalizations and joint venture equity transactions.
- Represented a real estate developer based in New York in the acquisition, financing and joint venture equity agreement for a $65 million portfolio of eight office buildings containing 620,000 square foot of space in Rocky Hill, Connecticut.
- Represented one of the largest privately held, real estate companies in New England on the acquisition of 16 apartment buildings in greater Boston; these recent acquisitions added over 500 units to the more than 5,000 units owned/managed by the company, in addition to its 2 million square feet of commercial space.
- Counseled a real estate investment and development company in restructuring the company's debt on more than 1.2 million square feet of its commercial real estate using $85 million in new equity financing.
- Converted an urban hospital campus to a condominium structure in connection with a $200 million dollar bond financing that created options for future use/development of the hospital's real estate.
Sally is an accomplished public speaker who regularly addresses industry groups on substantive real estate topics. For the past two years, she has moderated an all-star line-up of real estate executives who have discussed cutting-edge deals and the current state of the market at the Saul Ewing New England Real Estate Conference in Boston, and moderated the debt and equity panel at the Saul Ewing Mid-Atlantic Real Estate Conference in Baltimore. Her panel discussions have received extensive media coverage in northeastern real estate publications. At the upcoming MIT 2013 Real Estate Forum, Sally will be discussing important changes in non-recourse guaranties and other lending topics.
In the Media
Several of Sally's transactions on behalf of clients have been featured in The Real Reporter, and other regional papers, including details on an $18.5 million, 91-unit multifamily portfolio in Allston and West Roxbury (Boston), Massachusetts that Sally handled; a $65 million acquisition of an eight-building 620,000-square-foot office portfolio in Rocky Hill, Connecticut; and a 409-unit building in Brookline, Massachusetts that traded in excess of $100 million dollars.
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