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In a market experiencing unprecedented change, parties involved in high-stakes real estate deals need a steady, trusted hand to guide them. The Paul, Weiss Real Estate Practice leverages a history of executing every kind of real estate property transaction and unparalleled business and legal acumen to help the most complex projects succeed amid volatile economic conditions.
American Finance Trust to Acquire Multi-State Portfolio for $1.3 Billion
- Client News
- December 17, 2021
Paul, Weiss is advising American Finance Trust, Inc., a publicly traded REIT managed by AR Global, in the purchase of 81 multi-tenant properties throughout the United States from certain subsidiaries of CIM Group for approximately $1.3 billion, $53 million of which will be paid to the seller in equity consideration. The transaction is expected to close in phases over the first half of 2022.
The Paul, Weiss team includes, among others, real estate partner Peter Fisch; tax partner Scott Sontag; and corporate partners David Huntington and Jeffrey Marell and counsel Patricia Vaz de Almeida.